Laser Fusion Startup Xcimer Receives Up to $30.5 Million in Milestone-Based Funding from U.S. Department of Energy
U.S. excimer laser inertial confinement fusion company Xcimer Energy recently announced that it has reached an agreement with the U.S. Department of Energy (DOE) to receive up to $30.5 million in funding support through the DOE's Milestone-based Fusion Development Program. The funds will be disbursed in installments based on the progress achieved toward predetermined R&D milestones. Previously, in June 2026, the U.S. Department of Energy formally approved the preliminary conceptual design and technology development roadmap milestones for Xcimer's fusion power plant architecture, Athena. The Athena architecture is specifically designed for continuous operation, industrial-scale capacity, and a self-sustaining fuel cycle...
2026-10-08
