Zap Energy (Series B)
Funding Details
Awarder
RSS - www.geekwire.com
Date Award
July 31, 2024
Vertical
Fusion Energy
Valuation
$330,000,000
Funding Amount
$130,000,000
Company Info
Founding Year
2017
Traction
Zap Energy has raised a total of approximately $330 million in venture capital and has made significant advancements in fusion technology, including reaching temperatures of 11 to 37 million degrees Celsius.
Organizations Involved
U.S. Department of Energy, TransAlta
Founders
Uri Shumlak, Brian A. Nelson, Benj Conway
Market
Clean Energy
Location
Everett, WA, US
Coinvestors
Lowercarbon Capital, Breakthrough Energy Ventures
Company Description

Zap Energy is developing compact fusion power that doesn't require magnets or lasers.