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Zap Energy Raises $27.5 Million To Advance Reactor Technology

Zap Energy Raises $27.5 Million To Advance Reactor Technology

05/19/21, 1:12 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgseattle
Money raised
$27.5 million
Zap Energy, a pioneer in fusion energy technology, today announced that it has raised $27.5 million in Series B funding. The round was led by Addition, with participation from Energy Impact Partners, GA Capital and Fourth Realm, as well as existing investors Chevron Technology Ventures and LowerCarbon Capital. The new financing comes just nine months after closing a $6.5 million Series A funding round, following the achievement of a major scientific milestone in late 2020 that brings Zap Energy closer to energy breakeven.

Company Info

Company
Zap Energy
Location
seattle, washington, united states
Additional Info
Fusion power. No magnets required. Sheared-flow stabilized Z-pinch is the most promising path to energy breakeven.