Unchained

Bits + Bips: Grid Congestion Is Energy’s L1 Problem. This Crypto Company Has a Solution

Mar 28, 2026
Sean Murray, Head of Special Projects and Crypto Lead at Fuse Energy and Revolut alum, discusses why aging grids are choking clean energy. He likens grid congestion to blockchain L1 limits. He outlines coordinating smart homes, EVs, and batteries via a tokenized network to unlock wasted renewables and explains Fuse’s Energy Dollar mechanics and regulatory groundwork.
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ANECDOTE

Fuse Started As A Full Stack Energy Business

  • Fuse is a vertically integrated energy company operating generation, trading, retail supply, installations and R&D across Europe and the UK.
  • The firm does about $500M annual revenue and plans geographic expansion and a crypto-native product for distributed devices.
ADVICE

Layer Hedging From Months To Hours

  • Hedge energy exposure by layering purchases: build flat long positions months ahead, then shape hourly blocks day-ahead as forecasts improve.
  • Fuse DCAs into flat blocks, refines hourly purchases day-ahead, and uses temperature-linked options for extreme events.
INSIGHT

Gas Prices Still Set Power Prices

  • Even grids with high renewable shares still price electricity to the marginal (often gas-fired) plant, so gas price volatility drives market prices.
  • Demand is inelastic hourly, and the most expensive generator meeting demand sets the market clearing price.
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