Solana-based DePIN project Fuse Energy raises $70M

Fuse Energy, a Solana-based Decentralized Physical Infrastructure Network (DePIN) project, has raised $70 million in a Series B funding round led by Lowercarbon Capital and Balderton Capital, according to a report from SolanaFloor via X. The funding round values the company at $5 billion. Fuse Energy is known as a decentralized energy grid project.