About

Founded

2017

Headquarters

Seattle, Washington

Industry

Climate, Fusion

Company Description

Zap Energy is building a seriously cheap, compact, scalable fusion reactor with the potential for a much faster path to commercially viable fusion, without using magnets.

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Funding

Total Raised

$207.8 million

Valuation

Undisclosed

Significant Investors

Lowercarbon Capital, Breakthrough Energy Ventures, Shell Ventures, DCVC, Valor Equity Partners, Addition, Energy Impact Partners, Chevron Technology Ventures

Company Traction

As of June 2023, Zap Energy claims its plasma is 100,000x denser and lasts several microseconds longer.

In May 2023, the US Department of Energy awarded Zap Energy $5 million in federal funding to continue the development of its pilot plant.

Leadership Team

Benj Conway: Co-Founder & President of Zap Energy.

Brian Nelson: Co-Founder & CTO of Zap Energy. Former Research Professor Emeritus at the University of Washington.

Uri Shumlak: Co-Founder & Chief Scientist of Zap Energy. Professor at the University of Washington.

Ryan Umstattd: VP of Product and Partnerships at Zap Energy. Former Director of Engineering at Transient Plasma Systems.

Ben Levitt: VP of Research and Development at Zap Energy. Former Principal Research Scientist at Schlumberger.

Press

GeekWire (May 31, 2023): Zap Energy lands $5M federal grant and 'vote of confidence' in pursuit of fusion power

GeekWire (June 22, 2022): More funding for fusion: Seattle startup lands $160M and reveals technology breakthrough

TechCrunch (June 22, 2022): Zap Energy nets $160M Series C to advance its lightning-in-a-bottle fusion tech

Zap Energy