Zap Energy
Facts
- HQ
- Everett, Washington, US
- Sectors
- Energy Technology
- Founded
- 2017
- Type
- Corporation Seattle business license
- Employees
- 151
- Registered name
- Zap Energy Inc Seattle business license
- Stage
- startup
- Total raised
- $319M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $130M · Jul 2024 SEC Form D
- Founders
- Benj Conway, Uri Shumlak, Brian A. Nelson
Zap Energy Secures $130M Funding and Advances Century Fusion Power Plant Demo System
Zap Energy raised $130 million in funding and is progressing on its Century system, a demonstration of key technologies for fusion power plants aimed at producing 50 megawatts per module. The Century device integrates power-generation components while the core fusion reactor FuZE-Q continues development.
Zap Energy Raises Nearly $130 Million to Develop Commercial Fusion Power, Total Funding Reaches $330 Million
Zap Energy, a fusion energy startup based in Everett, Washington, is raising nearly $130 million to advance its goal of developing commercially viable fusion power, bringing its total venture funding to approximately $330 million. The company is part of a growing fusion sector attracting billions in investment aiming to create clean, carbon-free energy.
Washington Leaders Visit Everett Fusion Startups as Industry Raises Over $900 Million in 2023 with Growing Policy Support
Washington state leaders Gov. Jay Inslee and Sen. Patty Murray visited local fusion startups Helion Energy and Zap Energy amid a surge in fusion funding exceeding $900 million last year and growing policy support. Despite technological challenges, fusion is seen as a promising carbon-free energy source, with over $7.1 billion invested globally and new federal and state regulations advancing its development.
GeekWire 200 Q1 2024 Update Highlights 35% New Startups and Outreach Tops Seattle Tech Rankings
The GeekWire 200's latest update reveals a significant reshaping of Seattle and Pacific Northwest startups, with 35% new companies entering, including newcomers in AI, robotics, cybersecurity, and health sectors. Key shifts include outreach becoming the top startup and major players like Hootsuite and Icertis graduating off the list after 15 years.
CoMotion Highlights 10 UW Startups Led by Healthcare and $92,500 Ag Tech Prize Winner
The article highlights various news stories about CoMotion and University of Washington (UW) spinoffs and innovations, including 10 new startups mainly focused on healthcare and an ag tech startup that won a $92,500 prize in the UW Dempsey competition.
University of Washington’s CoMotion Innovation Arm Moving to Condon Hall Near Startup Hall in 2023
The University of Washington's innovation arm, CoMotion, will relocate from the Blume building to Condon Hall near Startup Hall later this year, expanding its space and event capabilities. Startup Hall is part of the Portage Bay Crossing neighborhood, which aims to foster research, education, and entrepreneurship.
Zap Energy Debuts Custom FuZE Grill Inspired by Fusion Devices at Everett Headquarters BBQ
Zap Energy, a Seattle-area fusion startup, hosted a summer BBQ at its new Everett headquarters featuring a custom FuZE Grill made by construction company Trico that resembles its fusion devices. The event showcased fusion-themed dishes and attracted about 40 attendees.
Zap Energy Secures $5M DOE Grant for Fusion Power Development with FuZE-Q Device Targeting 2030 Grid Integration
Zap Energy received a $5 million grant from the U.S. Department of Energy to support its development of fusion power using its fourth-generation Z-pinch device, FuZE-Q, aiming for commercial fusion energy by 2030. Despite challenges, the DOE funding serves as a significant national-level endorsement of Zap's work toward achieving fusion breakeven.
CTFusion Shuts Down After Failing to Raise Venture Capital; Co-Founders Join Rival Zap Energy
CTFusion, a University of Washington spinoff fusion startup, ceased operations after failing to secure venture capital despite $20 million in government grants. Three of its four co-founders have joined rival company Zap Energy, as the Pacific Northwest remains a key region for fusion energy development.
Pacific Northwest Startup Funding Drops 35% in 2022, TerraPower Leads Top Rounds with $750M Investment
Venture capital investment in Pacific Northwest startups dropped 35% in 2022, with funding decreasing over 50% in the year's second half amid economic cooling and rising interest rates. Despite this slowdown, some startups like Bellevue-based TerraPower secured significant funding, with its $750 million round leading the top 10 deals that accounted for 44% of total investment in the region.
Seattle's Zap Energy Raises $160M Led by Bill Gates and Creates Plasma in Fusion Prototype
Seattle startup Zap Energy announced a breakthrough in fusion power by creating plasma in its latest prototype and raising $160 million in funding led by Bill Gates' Breakthrough Energy Ventures. The company aims to achieve fusion breakeven by increasing current in its innovative Z-pinch device.
General Fusion raises $130M with Bezos Expeditions participation, total funding reaches ~$300M as firm readies UK fusion demonstration plant
General Fusion raised $130 million, bringing its total funding to about $300 million, with participation from Jeff Bezos’s Bezos Expeditions; the company will use the funds to advance its fusion technology, build a Fusion Demonstration Plant near London, and expand research facilities in Vancouver and Tennessee.
Helion Raises $500M — Potential $1.7B More — to Build Polaris Fusion Generator, Aiming for 2024 Demonstration in Everett, Wash.
Helion Energy raised $500 million (with up to $1.7 billion more contingent on milestones) to build its Polaris fusion generator and finish a demonstration facility in Everett, Wash., aiming to operate in 2024 and move toward commercializing fusion power.
Zap Energy raises $27.5M Series B to develop magnet-free commercial fusion reactor
Seattle startup Zap Energy raised $27.5 million in a Series B to advance a magnet-free fusion reactor that stabilizes plasma with sheared flows, aiming to lower costs and speed deployment of low-carbon fusion. The company, founded in 2017 and rooted in University of Washington and Lawrence Livermore research, has now raised over $34 million total.
People
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Benj Conway Founder, President and Co-Founder, Executive Officer, Director
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Uri Shumlak Founder, Chief Scientist, Co-Founder, Board Member, Director
