Both a $160 million Series C round of funding and a successful test of a prototype fusion reactor may help Zap Electricity move further in the quest to provide low-cost, carbon-free energy.
Because of rising carbon emissions and the repercussions of climate change, fusion power has emerged as an unusual investment favourite. Our attempts to use the sun’s power to generate energy have been going on for many years, but fusion remains a long way from reality.
Even Nevertheless, new techniques for containing plasma, which burns at more than 100 million degrees Celsius, have pushed the possibility of fusion power closer than ever before. New developments in computer simulations and research are drawing in investors who believe that fusion may finally break free from its lengthy history of failures.
Lowercarbon Capital was the driving force behind the oversubscribed Series C of Zap Energy. Breakthrough Energy Ventures, Shell Ventures, DCVC, and Valor Equity Partners have joined the ranks of new investors. There were other contributions from Addition, Energy Impact Partners, and Chevron Technology Ventures. There was a lot of collaboration between the University of Washington and Lawrence Livermore National Laboratory in the development of the startup’s technology.
When hydrogen isotopes (such as deuterium or tritium) are reacted with helium, they produce energy in the form of electricity. As a byproduct, neutrons are released into the atmosphere, where they may be caught and used to create heat and power. Nuclear physicists employ intense pressure and heat to create a fourth state of matter known as plasma in order to coax atoms near enough for fusion to occur.
Subtly charming pop culture geek. Amateur analyst. Freelance tv buff. Coffee lover