Xcimer raises $100 million to invest in inertial fusion laser tech

June 6, 2024, 3:00PMNuclear News
Xcimer Energy’s headquarters in Denver, Colo. (Photo: Xcimer Energy)

Xcimer Energy announced June 4 that it has raised $100 million in Series A financing for a new facility in Denver, Colo., that will host a prototype laser system with “the world’s largest nonlinear optical pulse compression system.” As a private fusion developer, Xcimer wants to “extend the proven science of inertial fusion to industrial scale” with the help of that laser system and “key technologies and innovations from multiple fields.”

Three new inertial fusion energy hubs have distinct, laser-focused missions

December 14, 2023, 7:00AMNuclear News
STARFIRE is the name of an inertial fusion energy hub led by Lawrence Livermore National Laboratory—one of three hubs announced in early December. (Image: LLNL)

The Department of Energy recently announced that it was establishing three inertial fusion energy (IFE) hubs and funding them with a total of $42 million over four years. The leaders of the three hubs selected by competitive peer review—Colorado State University, Lawrence Livermore National Laboratory, and the University of Rochester—all issued press releases touting the attributes and plans of their facilities and their research collaborators on the same day—December 7.

DOE celebrates NIF ignition by funding R&D hubs for inertial fusion energy

May 16, 2023, 7:04AMNuclear News
Energy secretary Jennifer Granholm addresses an audience of lab staff, dignitaries, and media at LLNL. (Photo: LLNL)

Lawrence Livermore National Laboratory hosted current and former staff, government officials, and media on May 8 to celebrate the lab’s achievement of fusion ignition at the National Ignition Facility (NIF) on December 5, 2022. Energy secretary Jennifer Granholm and undersecretary for nuclear security and National Nuclear Security Administration administrator Jill Hruby were in attendance, and Granholm took the opportunity to announce funding of up to $45 million to support inertial fusion energy (IFE) research and development. The Department of Energy’s Office of Science (DOE-SC) wants to establish multiple IFE Science and Technology Innovation Hubs (IFE S&T hubs), with total funding for 2023 of up to $9 million for projects lasting up to four years in duration.