Former Revolut Exec: Web3 Can Solve the Energy Crisis

Tesseract, the startup co-founded by former Revolut chief revenue officer Alan Chang, plans to use crypto to help solve the UK's energy crisis. The startup, which just raised a $78 million round led by Balderton Capital and Lakestar, was founded earlier this year by Chang and Charles Orr, a former strategy lead at Revolut. Chang was the third employee at Revolut and was considered founder and CEO Nik Storonsky’s right-hand man, per reports. Tesseract plans to buy and build renewable energy sources to sell directly to the customer, with crypto providing a novel way of paying. Much of the funding will be used to finance these purchases.