Zap Energy, a Seattle WA-based company that specializes in fusion energy technology, raised $27.5m in Series B funding.
The round was led by Addition, with participation from Energy Impact Partners, GA Capital and Fourth Realm, Chevron Technology Ventures and LowerCarbon Capital.
The company intends to use the funds to advance its reactor technology.
Co-founded in 2017 by President Benj Conway, Chief Technology Officer Brian Nelson and Chief Science Officer Uri Shumlak, Zap Energy is advancing sheared-flow stabilized (SFS) Z-pinch reactor which requires no magnetic fields or auxiliary heating. Its compact, simple modular reactor is tolerant to high-energy neutrons. The technology builds on work first pioneered by the FuZE team at University of Washington together with Lawrence Livermore National Laboratory. Zap Energy is based in Seattle, WA.
FinSMEs
19/05/2021