Zap Energy nets $160M Series C to advance its lightning-in-a-bottle fusion tech

Quick Summary

Zap Energy has reached two milestones that could nudge it ahead in the race to offer low-cost, carbon-free energy — a $160 million Series C round, and a successful test of a prototype fusion reactor.

Zap Energy’s oversubscribed Series C was led by Lowercarbon Capital.

The process releases neutrons, which are then captured to generate heat and spin a turbine.

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Article Details

Author / Journalist: Tim De Chant

Category: Technology

Topics: DCVC Startups Plasma physics Science Ec climate Funding Electricity University of washington GreenTech Climate Energy impact partners EC Food Climate and Sustainability Energy Lowercarbon Capital Climate tech Breakthrough Energy Ventures Fusion power Chevron Technology Ventures Venture Capital Valor equity partners Nuclear fusion Lawrence livermore national laboratory Shell Ventures TC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 16:45:50

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 2 minutes read

Article Length: 282 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 3926

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