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- Zap Energy Launches Century Fusion Test Platform and Raises $130M
Zap Energy Launches Century Fusion Test Platform and Raises $130M
Slice of Energy Team
October 17, 2024
Key Highlights:
Zap Energy launches the Century test platform, simulating plant-level operations with liquid-metal cooling.
Closed $130 million Series D funding led by Soros Fund Management, with contributions from several notable investors.
Century has achieved over 1,000 consecutive plasma shots and will scale to 100 kW input power.
Milestone run planned for DOE's Fusion Development Program by end of the year.
Source: PR Newswire
Notable Quotes:
"At Zap, we're attempting to swim, cycle and run at the same time – such a parallel approach is key to delivering commercial fusion on a timescale that matters. Century is a vital part of the engineering leg."
"Our job is to develop and validate those plans by actually building, testing, and maturing key technologies. Century is our next major step in that effort."
Our Take:
Zap Energy's rapid progress is a significant step toward revolutionizing fusion energy. With Century, they are not just advancing fusion technology, but also addressing the critical engineering challenges of commercial viability. The recent $130M funding infusion validates the industry's confidence in Zap's approach, which prioritizes efficient scaling and cost-effective design. The company’s innovative Z-pinch method positions it as a leader in the race toward clean, sustainable fusion energy production.