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About Tesseract
Tesseract is a Web3 renewable energy company focused on tokenizing energy assets. Its core business involves converting solar or wind power generation projects into tradable digital tokens, allowing users to directly invest in or purchase clean energy through blockchain technology.
Core competitiveness lies in using smart contracts to automate energy trading and settlement, improving efficiency and transparency while lowering investment barriers for small-scale participants. The market pain points it addresses include the traditionally high entry threshold for renewable energy investment, opaque fund flows, and the difficulty ordinary consumers face in directly benefiting from green energy projects.
Regarding development in the past six months (2026-03-07 to 2026-09-07), no reliable public information is available. The company has not released verified updates on its platform expansion, new partnerships, or operational milestones during this period. It is important to note that there are other unrelated entities with similar names, such as an Australian solar installation company, which should not be confused with this Web3 project.
Founded in 2022 by Revolut alumni Alan Chang and Charles Orr, Tesseract is a vertically integrated Web3 energy company that owns renewable generation assets and sells directly to consumers. In September 2022, it raised $78 million in a round co-led by Balderton Capital and Lakestar, with participation from Accel, Creandum, and others—a milestone validating its 'virtual solar panel' model. In October 2024, Tesseract partnered with HyperStrong on nearly 1GWh of Australian storage projects, including a 200MW/800MWh large-scale system, and introduced its Energy-Storage-as-a-Service (ESaaS) model. It also plans 50,000 VPP users and 500MWh of distributed storage within five years, marking its expansion from retail energy to grid-scale infrastructure.
In the past six months, Tesseract launched a compliant DeFi yield vault platform for institutional and professional investors in late March 2026. Each vault is an independent smart contract tied to a single client, with assets fully segregated, avoiding the risk that shared vaults could be classified as collective investment schemes under MiCA. Pilot participants include 21Shares. The company obtained a full MiCA authorization from the Finnish Financial Supervisory Authority in 2025, allowing it to provide portfolio management, custody, and asset transfer services across the EU.
Officially stated future development priorities focus on compliance-first institutional-grade yield products. CEO James Harris noted that the annualized yield of traditional crypto basis trades has dropped from over 17% to about 5%, signaling the end of the era of easy near-risk-free institutional returns and describing the current environment as a "tactical adjustment." The company will shift toward more complex, compliance-first products and leverage its MiCA license to expand in the EU, offering customized segregated vaults for institutions.
Co-founders and key executives:
Alan Chang (Co-founder & CEO): A physics graduate from Imperial College London, he joined Revolut in 2015 and served as Chief Revenue Officer, becoming a core early member. He left Revolut in March 2022 to found Tesseract in renewable energy.
Charles Orr (Co-founder & COO): He previously served as Strategy Lead at Revolut (2018-2020), and co-founded Tesseract with Alan Chang, overseeing operations.