Zap Energy

Zap Energy is a energy technology company building a low-cost, compact and scalable fusion energy platform that confines and compresses plasma without the need for expensive and complex magnetic coils.

Zap Energy's technology stabilizes plasma using sheared flows rather than magnetic fields.

Zap Energy was co-founded in 2017 by Benj Conway, Brian Nelson and Uri Shumlak. The company is headquartered in Seattle, Washington.

 

Zap’s sheared-flow-stabilized Z-pinch technology offers the shortest potential path to commercially viable fusion and requires orders of magnitude less capital than traditional approaches.

 

Zap marked a critical engineering milestone by creating the first plasmas — the hot, dense form of matter found in stars — in FuZE-Q, their new prototype designed to reach the long-sought target of Q=1, where the process of nuclear fusion inside a plasma yields more energy than was consumed to create it.

 

Zap is backed by Addition, Energy Impact Partners, Lowercarbon Capital, Chevron Technology Ventures, Shell Ventures, DCVC, Valor Equity Partners, GA Capital, Fourth Realm, and others. The company raised $160M in Series C round on Jun 22, 2022. This brings Zap's total funding to $202.8M to date.

 

 

  • Year founded: 2017
  • Funding Info: $202.8M over 5 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Seattle
  • State: Washington
  • Country: United States
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