Energy developer FSE signed a memorandum with Loaf to plan a blockchain project for over 500 million dollars in photovoltaic energy
Energy developer Fusion Source Energy (FSE) and its partners have signed a memorandum of understanding with the on-chain physical asset platform Loaf to promote the issuance of over $500 million in Australian photovoltaic and battery projects on-chain, covering more than 1,000 hectares, led by the over 200 megawatt Project Amber. According to the memorandum, the funds raised are expected to accelerate project development and expand Amber's battery capacity.Amber is a utility-scale photovoltaic park that will deploy over 200 megawatts of photovoltaic and multi-hour battery storage on-site, with an expected annual power generation sufficient to meet the electricity needs of over 70,000 households, or equivalent to the electricity demand of a 50 megawatt data center. The project pipeline also includes battery storage assets below 5 megawatts and distributed energy resources, which are modular assets closer to the electricity end, capable of forming diversified energy revenue across multiple sites in Australia.FSE CEO Weiwei Shi stated that Amber is one of the largest hybrid on-site projects in the Southern Hemisphere, which have traditionally only been open to a few institutional investors. Loaf can expand the investor base without adding extra friction and provide continuous, transparent pricing for the assets.Loaf stated that Project Amber will become a key asset in its ecosystem. As the project matures and begins trading, users will be able to go long or short and use these assets within the on-chain financial ecosystem. Loaf will participate in the on-chain trading and issuance of physical assets, allowing users to access the economic upside and returns of related infrastructure assets.
