Vertical | Clean Energy |
Subvertical | Generation |
Size | 101-250 employees (LinkedIn) |
Stage | Series C |
Total equity funding | $195M |
Last Funding Date | May 2023 |
Investors | Lowercarbon Capital, Breakthrough, Energy Impact Partners ( ) |
Location | Seattle |
Website | Zap Energy website |
Additional company info | Zap Energy company tax, EIN & IRS information |
What Zap Energy makes
Compact fusion energy, no magnets required.
Company Info
Zap Energy is building a seriously cheap, compact, scalable fusion energy technology with potentially the shortest path to commercially viable fusion and orders of magnitude less capital than traditional approaches. The breakthrough technology confines and compresses plasma without costly and complex magnetic coils or powerful and inefficient lasers. We have been generating fusion plasmas continuously since 2018 and are targeting scientific energy breakeven on our FuZE-Q platform.
Role of software at Zap Energy
Zap Energy's Trajectory
Zap raised a $160M Series C in 2022 and expects to close a Series D in 2024. Zap Energy plans to add a few dozen team members in the coming year with future waves of growth based on hitting key technology milestones.
Zap Energy's Climate Impact
Fusion has the potential to have a historically transformative impact once the technology is developed, but exact estimates of LCOE, CO2 averted and other measures remain highly speculative in the short term. The timelines depend heavily on available funding and overcoming technological barriers, but in the best case we could be deploying dozens of carbon-free, firm-power, 50 MW modules by the mid 2030s and hundreds by the 2040s. At an earlier-stage, higher price point, fusion could offer a crucial alternative for balancing out a carbon-free energy market dominated by wind and solar.
Zap Energy number of job openings over time by month
ClimateTechList is the web's largest aggregator of climate, clean tech, renewable energy & green jobs. Contact us if you'd like to use partner or use our current or historical jobs data in any way.
No spam. Unsubscribe any time.
No spam. Unsubscribe any time.