FSE and Loaf Join Forces for Blockchain-Friendly Solar Project

Fusion Source Energy (FSE) has signed a memorandum of understanding (MOU) with Loaf, a platform for on-chain physical assets, to bring over $5 billion worth of solar and battery projects in Australia onto the blockchain.

The project, called Project Amber, will cover an area of over 1,000 hectares and have a capacity of over 200 MW. It is expected to generate enough electricity to power over 70,000 households or meet the demand of a 50 MW data center.

The funds raised from the project are expected to be used to speed up development and increase the battery capacity of Project Amber.