Xcimer Raises $100 Million to Put Inertial Fusion Energy on Path to Commercialization
Series A round will enable Xcimer to expand its team and build a prototype system to demonstrate the viability of its low-cost, high-energy laser approach DENVER – June 4, 2024 – Xcimer Energy Inc. today announced that it has raised $100 million in Series A financing led by Hedosophia, with participation from investors including Breakthrough […]
DOE Announces $46 Million for Commercial Fusion Energy Development
8 Companies Across 7 States Will Receive Funding to Help Solidify U.S. Leadership in Developing Clean Energy From Fusion WASHINGTON, D.C.—The U.S. Department of Energy (DOE) today announced $46 million in funding to eight companies advancing designs and research and development for fusion power plants, representing a major step in President Biden’s commitment to a pilot-scale […]
Xcimer Energy Announces $9 Million US Department of Energy Award to Develop Laser-Driven Inertial Fusion Energy
REDWOOD CITY, Calif.–(BUSINESS WIRE)–The U.S. Department of Energy (DOE) announced today that Xcimer Energy was selected for a $9 million award from the Milestone-Based Fusion Development Program, a groundbreaking and innovative public-private partnership initiative. The Milestone Program was highly competitive, with proposals evaluated by the DOE and its blue-ribbon panel of scientific evaluators. Xcimer’s award […]
NIF success gives laser fusion energy a shot in the arm
Startup companies are betting on different approaches and laser technologies for fusion to become a commercially viable energy source. The attainment of fusion ignition and energy gain on the world’s most energetic laser late last year was indisputably a major scientific accomplishment. But the road to fusion as a viable source of energy will be […]
Fusion power is coming back into fashion
On january 12th Oxfordshire County Council, in England, gave the go-ahead for a new building near the village of Culham. The applicant, General Fusion, is a Canadian firm, and the edifice will house its Fusion Demonstration Program, a seven-tenths-scale prototype of a commercial nuclear-fusion reactor. The firm picked Culham because it is the site of […]
What Comes After a World’s First in Fusion Research
Credit…Illustration by The New York Times; images by CSA Images, via Getty Images Opinion Writer You’re reading the Peter Coy newsletter, for Times subscribers only. A veteran business and economics columnist unpacks the biggest headlines. As soon as Kim Budil, the director of Lawrence Livermore National Laboratory, said on Tuesday that cheap, abundant electricity from nuclear […]
