Funding Part of Advanced Research Projects Agency-Energy (ARPA-E) Program to Advance Technologies that Strengthen U.S. Energy Leadership

 Xcimer Energy Inc. announced that it has been selected to receive $4 million in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E). The funding is part of the Vision OPEN 2024 projects, which offer groundbreaking solutions across the energy spectrum, including primary generation like nuclear fusion and geothermal, infrastructure like power transmission and grid reliability, and new approaches to developing chemicals and fuels.

“Since Xcimer’s founding, our partnership with the Department of Energy has been instrumental in the development and advancement of our technology, as we share the common goal of creating abundant, safe, clean and reliable energy,” said Conner Galloway, CEO and chief science officer of Xcimer. “This latest award of federal funding further validates that our groundbreaking inertial fusion technology is worthy of continued investment and innovation.” 

Xcimer has developed an approach to fusion energy that experts recognize as having among the most viable commercialization prospects and best long-term economics of any fusion approach. The company is extending the proven science of inertial fusion to industrial scale by developing the world’s highest-energy laser system and combining it with technologies and innovations from multiple fields.  

The Department of Energy (DOE) selected Xcimer to receive ARPA-E funding for a project to develop a technology that will enhance the efficiency of high-power excimer lasers suitable for fusion. Xcimer will work in partnership with Texas A&M University and the U.S. Naval Research Laboratory on the project, which has the potential to improve the performance of commercial, large-scale applications of Xcimer’s technology in inertial fusion energy (IFE) power plants. Xcimer intends to deploy the first IFE power plants to deliver electricity to the grid at scale by the mid-2030s.

Xcimer is also part of the DOE Milestone-Based Fusion Development Program, a highly competitive public-private partnership program designed to expedite the path towards putting fusion energy on the power grid.

About Xcimer Energy Inc.

Xcimer is an inertial fusion company combining novel laser technology with proven science to achieve commercial deployment of fusion energy. Its approach to inertial fusion holds the best prospect for long-term economic viability. Founded in 2022 and based in Denver, Colorado, Xcimer is backed by the world’s leading climate tech investors and has been selected for funding by the U.S. Department of Energy. Its mission is to develop a source of unlimited, clean, safe and reliable energy to power the future. To learn more, visit https://xcimer.energy/. 

Contact:

Elissa Ehrlich for Xcimer

elissa@pinecrestcomms.com