Xcimer Energy
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Xcimer Raises $100 Million to Put Inertial Fusion Energy on Path to Commercialization
Xcimer Energy Inc. announced that it has raised $100 million in Series A financing led by Hedosophia, with participation from investors including Breakthrough Energy Ventures, Lowercarbon Capital, Prelude Ventures, Emerson Collective, Gigascale Capital and Starlight Ventures. Xcimer will use this financing to establish a new facility in Denver, where it will build a prototype laser system including the world’s largest nonlinear optical pulse compression system to advance the development of its transformative technology for laser-driven inertial fusion.
Xcimer’s mission is to extend the proven science of inertial fusion to industrial scale by developing the world’s highest-energy laser system and combining it with key technologies and innovations from multiple fields. It has developed an approach to fusion energy that many experts recognize as having the best long-term economics and therefore most viable commercialization prospects of any fusion approach. Xcimer’s laser architecture will produce up to 10 times higher laser energy at 10 times higher efficiency and over 30 times lower cost per joule than the National Ignition Facility (NIF) laser system that achieved fusion scientific breakeven in December 2022.