Xcimer Energy Receives Additional $30.5 Million Award from DOE Milestone Program

[Marlin]

Xcimer Energy Receives Additional $30.5 Million Award from DOE Milestone Program

https://xcimer.energy/news/xcimer-energy-receives-additional-30-5-million-award-from-doe-milestone-program/

[Core Content]

Xcimer Energy secured up to $30.5 million in additional funding through the Department of Energy Milestone-Based Fusion Development Program. The non-dilutive award brings the company total federal funding under the program to $39.5 million to advance laser fusion technology.

The public-private initiative uses milestone payments tied to independently verified technical progress to accelerate commercial fusion development. Xcimer is developing an excimer laser architecture utilizing gas lasers and optics aimed at achieving commercial grid integration by the mid-2030s.

Xcimer has received an additional $30.5M award to bring the company's total available funding under DOE's Milestone-Based Fusion Development Program to $39.5M. The non-dilutive funding, to be paid out as milestones are achieved, will help advance Xcimer's technology development, integrated system performance and commercialization readiness...

DENVER, Colo. — [Oct. 6, 2026] — Leading laser fusion company Xcimer Energy announced today it's finalized an agreement for up to $30.5 million in additional federal funding through the U.S. Department of Energy's Milestone-Based Fusion Development Program.

The new DOE award for the program's second budget period brings the total DOE funding for potential Milestone payments to Xcimer to $39.5M. The most recent awards advance Xcimer into the second budget period of the federally supported fusion energy development program.

Read the full article at Xcimer Energy Corporation:
https://xcimer.energy/news/xcimer-energy-receives-additional-30-5-million-award-from-doe-milestone-program/