A new direct energy conversion technique that uses the angular-dependent transmission of ribbon grids, which resemble Venetian blinds, to recover the energy of particles leaking out of a fusion reactor is discussed. This converter works well, even to energies as low as 10 keV, because of its excellent space-charge handling ability. This low-energy operating range makes direct energy conversion possible on closed confinement devices; operation at about 100 keV might be useful on open confinement devices. Energy recovery efficiencies of 60 to 70% are predicted. Examples are presented in which a direct energy converter with efficiencies in this range, when viewed as a topping cycle to a thermal converter, could considerably improve the reactor prospects of both open- and closed-field-line confinement schemes.