As per reports, Chevron Corporation (CVX) disclosed a Series A investment in a Seattle-based start-up company, Zap Energy Inc via its Future Energy Fund. The investment from the Chevron Technology Ventures’ marks an opportunity to build on the company’s diverse portfolio of low-carbon energy resources along with providing global communities with affordable, reliable, and ever-cleaner energy.
Barbara Burger, president of Chevron Technology Ventures stated, “We see fusion technology as a promising low-carbon future energy source. Our Future Energy Fund investment in Zap Energy adds to Chevron’s portfolio of companies we believe are likely to have a role in the energy transition.“
Nuclear fusion happens when nuclei of lightweight elements, generally hydrogen hit with sufficient force to fuse and build a heavier element releasing massive amounts of energy with zero greenhouse gas emissions and limited radioactive waste, in contrast to nuclear fission where long-lived radioactive waste is released
The investment is the 10th investment by Chevron’s Future Energy Fund to explore and implement the mobility-energy nexus, energy decentralization, and macro decarbonization. Founded in 2018, Zap Energy will use the funds raised to build on technology development and growth of its development team.
About Chevron Technology Ventures
Chevron Technology Ventures works externally on developed technologies and new business solutions that have the power to enhance the way Chevron produces and delivers reliable and cleaner energy.
Dow 30 component Chevron Corporation (CVX), through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. To learn more about Chevron (CVX) and to track their progress please visit the Vista Partners Chevron Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.