Name: Chevron's venture capital arm buys stake in nuclear fusion startup Zap Energy
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Chevron's venture capital arm buys stake in nuclear fusion startup Zap Energy

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Photo Illustration: Walid Berrazeg/SOPA Images/LightRocket via Getty ImagesChevron is making a Series A investment in the three-year-old nuclear fusion startup Zap Energy, marking the latest foray by an oil-and-gas giant into companies outside a core business.Why it matters: It's the first nuclear power investment from Chevron Technology Ventures, the company's in-house VC arm that's spreading money around a range of energy technologies.The size of the investment was not disclosed. Seattle-based Zap has also received Energy Department funding.The big picture: If — if! — decadeslong efforts to develop fusion power ever succeed, it promises an essentially limitless source of carbon-free power without the dangerous waste associated with traditional fission reactors.Where it stands: , the huge oil-and-gas companies Equinor and Eni have also backed nuclear fusion startups.This week is bringing new snapshots of how hard the pandemic hit the U.S. oil patch earlier this year and the difficult path ahead, even as demand is now haltingly returning and prices have recovered somewhat.Driving the news: The U.S. Energy Information Administration yesterday offered its latest downward revision of its domestic crude oil production forecast.Speaker Nancy Pelosi and other House Democratic leaders discussed the possibility of bringing the House back early to act on what they see as a crisis with the Postal Service, a House Democratic aide told Axios Saturday.Details: The House is on recess and no votes are scheduled until September, but a vote on the matter could be held within two weeks, , which first reported the news. Editor's note: This is a developing news story. Please check back for updates.Global: Total confirmed cases as of 7 p.m. ET: — Total deaths: —&nbsp;Total recoveries: — .U.S.: Total confirmed cases as of 7 p.m. ET: — Total deaths: — Total recoveries: — Total tests: — .Health: The that could lead to sudden death in athletes — Patients with their health data during pandemic — FDA issues for Yale's saliva coronavirus test.Education: "Historic" laptop demand leads to — Why aren't a panacea for remote learning — The cliff.States: gyms, bowling alleys, museums. Podcasts: The — under pressure — — The .

Photo Illustration: Walid Berrazeg/SOPA Images/LightRocket via Getty ImagesChevron is making a Series A investment in the three-year-old nuclear fusion startup Zap Energy, marking the latest foray by an oil-and-gas giant into companies outside a core business.Why it matters: It's the first nuclear power investment from Chevron Technology Ventures, the company's in-house VC arm that's spreading money around a range of energy technologies.The size of the investment was not disclosed. Seattle-based Zap has also received Energy Department funding.The big picture: If — if! — decadeslong efforts...

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Chevron's venture capital arm buys stake in nuclear fusion startup Zap Energy

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