Based on research at University of Washington and Lawrence Livermore National Laboratory, Zap Energy is working on a nuclear fusion reactor.

Zap Energy, a US-based nuclear fusion reactor developer, has pocketed $27.5m in series B funding led by Addition. The round also included oil and gas company Chevron’s corporate venturing unit Chevron Technology Ventures, Energy Impact Partners, GA Capital, Fourth Realm and LowerCarbon Capital. Founded in 2017, Zap Energy is working on a compact, modular fusion reactor that does not require magnetic fields or auxiliary heating. The company closed a $6.5m series A round nine months ago, it revealed in its series A announcement, after an earlier report in August 2020 suggested Chevron Technology Ventures had supplied an undisclosed sum. Further details about the series A round were not revealed.

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).