October 9, 2026
US-based laser start-up Xcimer Energy has finalised an agreement for an additional $30.5m in federal funding through theUS Department of Energy’s (DOE) Milestone-Based Fusion Development Program.
This award marks the beginning of the programme’s second budget period. It expands the company’s total available funding under this specific DOE milestone programme to $39.5m.
This non-dilutive federal funding will be distributed progressively as Xcimer meets specific technical, system-performance, and commercial readiness milestones. When combined with a previous $4m ARPA-E award received in 2024, Xcimer’s total non-dilutive US federal funding now stands at $43.5m.
Read the full Nuclear Engineering International article here.