Fuse Energy has acquired an electricity distribution network in La Barona, part of the Spanish grid, the company said in a LinkedIn post.
The company said it plans to acquire more networks to strengthen and expand the grid.
It pointed to 28th April 2025, when it said the whole of mainland Spain went dark, with trains stopped, shops closed and traffic lights out across the country.
The company said that in 2024 half of the businesses that asked to connect to the grid were told no.
Fuse Energy said behind those requests are AI data centres, steel factories and cold stores for Spain’s fruit exports.
It said billions of euros of economic growth are sitting in queues for years, waiting for cables and substations.
That queue, the company said, is why it is expanding the grid.
Fuse Energy said grid charges can make up as much as half of an energy bill.
It argued that more industrial customers means more electricity is delivered through the same cables, which spreads the grid’s fixed costs across more units of electricity and lowers everyone’s bill.
The company said its goal is for Spain to use more energy and pay less for it.
Fuse Energy said La Barona’s switchgear and transformer will be replaced in a few weeks.
The company said La Barona is just the first.
Fuse Energy said it is buying more networks and adding utility-scale storage, generation, cables and substations.
From 2027, it said, it will supply customers in Spain on the grids it is building.
Fuse Energy’s founders Alan Chang & Charles Orr were included in BusinessCloud’s Founder 250 list this year.