News Summary

• Fusion startup Zap Energy is pivoting to build a fission power plant.
• Zap is among the better-funded fusion startups, having raised more than $300 million.
• Zap expects to start generating revenue from the new fission business within a year.
• The startup’s fission reactor will be based on the 4S, a molten salt-cooled design that was jointly developed by Toshiba and Japan's power industry research institute.
• The cost of developing one reactor may not be double that of developing a second.