The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 26 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 4 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Chang predicts Fuse Energy will eventually become bigger than Shell
“I think we could be bigger than Shell.”
Chang: Energy companies claiming 100% renewable tariffs are lying
“So any energy company that's claiming their harm sent renewables is a complete lie. Right. They're simply buying renewable certificates, right, to claim the harm sent renewables, and it's completely false.”
Chang: Fuse Energy grew revenue from £2M to £200M in three years
“We increase our revenue with Tenex every year since inception. First year was two million pounds, second year was 20, and then this year we're gonna end at over 200 pounds.”
Chang: Fuse hires B candidates but offers them below-market salaries
“Our threshold is we will hire anything above a beat. So if you get straight Bs, you'll still get an offer, but the offer will be much lower, and it could be below what you're making today.”
Chang: Fuse Energy is generating over $400M in annualized revenue
“So the company is doing over four hundred million revenue, annualized revenue,”
Chang predicts Revolut will become a trillion-dollar company
“I think of a trillion dollar company.”
Chang: Energy consumption per capita correlates strongly with quality of life
“There's actually, A very strong correlation between how much energy you use per capita and quality of life.”
Chang: UK energy consumption dropped 25% while China's grew 7x
“So if you look at energy consumption per capita in the last 25 years, UK has dropped 25%. In the US, it's been flat. In China, in the same period of time, it's gone up by seven times.”
Alan Chang: Regulation, not capital, restricts UK infrastructure construction
“If you speak to any of the, you know, infra capital providers they want to deploy a lot of capital to building infrastructure. So the problem is not capital. The problem is it's very, very hard to build.”
Chang: China deploys more solar power than all Western economies combined
“In China, they deploy more solar than the all Western economies combined.”
Fuse Energy eliminates compensation bands, setting offers by skill grade
“So as a company, we don't actually use any comp bands. We simply look at the grades and the higher the grade, the higher our bid.”
Chang: Fuse Energy never hires external candidates into 'Head Of' roles
“Yeah, we've never given a head of position to anyone we've hired. We've only given to it based, based on performance.”
Chang: Fuse Energy targets 5x to 10x revenue growth next year
“Something around there. But we'll, we'll, we'll still shoot for 10. I think we can.”
Alan Chang: Fuse Energy will only list publicly if private liquidity dries up
“If we ever list, I think it would be the US, yeah. I personally don't see a need to. There's a lot of liquidity in the private markets And obviously there's additional overhead being a listed company. Like, so far, like the only, like, only, only reason I see …”
Chang: Revolut was the only Level39 startup working past 7 PM
“Level-Thirty-Nine is, yeah, for those who don't know, it's basically a giant, yeah, a startup co-working space with maybe over 200 startups, and Revolut was the only team that worked past seven p.m. On the weekday. So after seven p.m., the whole floor is dead.…”
Chang: Americans consume almost eight times more energy than Europeans
“The Americans use, you know, almost eight times more energy than Europeans and look at the quality of life.”
Chang: Electricity costs 25-30 cents in Europe, 10-15 in US, 8 in China
“So, like, if you look at the, what the Brits and Europeans pay in terms of, you know, cost per kilowatt, it's roughly 25 to 30 dollar cents. And the US is 10 to 15 dollar cents. In China, it's eight dollar cents.”
Chang: China has laid more grid cables than all Western economies combined
“They've laid more cables of grid than all Western economies combined.”
Chang: Canary Wharf is London's only area for penalty-free office expansion
“So first of all, it's probably the only place in London where you can keep expanding offices, right? So you can keep upgrading office without incurring a big penalty in your lease.”
Fuse built its energy MVP with a $750K Scottish wind turbine
“So we found a single wind turbine in north of Scotland that the seller is willing to sell for 750 K. We found a license for 75 K. We convinced the former CEO of Ofgem to become an advisor with just equity and no cash. And my co-founder Charles became a qualifi…”
Chang confirms he parked a Ferrari outside his Balderton pitch
“Yeah, there's some truth to that, yeah.”
Chang: Fuse aims to make energy cheap enough to re-ignite economic growth
“I think what would be, we'd love to build a world where You know, power is so cheap and abundant that any builder, you know, AI or otherwise, don't even think about power anymore, and they can just build more, and economies start growing again as a result. Tha…”
Chang: Crypto and trading revenues offset Revolut's COVID interchange collapse
“During the COVID lockdowns the interchange revenue, so, you know, revenue from people spending on cards, especially abroad, went basically near zero, right? However there was a lot of stimulus checks, right? From the COVID times and the stock market was boomin…”
Fuse Energy hires backend developers with zero Python experience
“So although our whole backend is in Python we will hire any backend developer even if they know nothing about Python.”