Xcimer Energy secures 30.5 million dollars in DOE fusion funding

Denver based Xcimer Energy has finalized a federal agreement for up to 30.5 million dollars to advance its fusion energy technology.

FTMQ Climate, written by our newsroom7 October 2026 at 01:030 views

Xcimer Energy has finalized an agreement with the United States Department of Energy for up to 30.5 million dollars in additional federal funding, Power Magazine reported on October 6, 2026. The award is provided through the Milestone-Based Fusion Development Program. [1]

Power Magazine reported that the new funding covers the second budget period of the program. This agreement brings the total potential milestone payments awarded to Xcimer Energy by the Department of Energy to 39.5 million dollars. [1]

The Milestone-Based Fusion Development Program is managed by the Department of Energy Office of Fusion Energy Sciences to support commercialization and the development of a fusion pilot plant. Eight private companies received a combined total of 46 million dollars for the initial 18 month phase. [2]

The federal initiative is designed to span five years. The program is planned to culminate in one or more preliminary engineering designs for a working fusion pilot plant. [2]

Xcimer Energy finalized an agreement for up to 30.5 million dollars in funding from the U.S. Department of Energy.
The total DOE funding potential for Xcimer Energy has reached 39.5 million dollars.
The Milestone-Based Fusion Development Program aims to produce preliminary engineering designs for a fusion pilot plant over five years.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

[1]Denver-Based Fusion Group Receives $30.5-Million Award from DOEPower Magazine, 16h ago (the report this story comes from)

Background

[2]Milestone-Based Fusion Development Program on Wikipedia
[3]Million Dollar Baby on Wikipedia

Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Get the day in one email

Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.

By signing up you agree to our terms and privacy policy. Unsubscribe any time.

Comments

Join the conversation

Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.

Already on the list? Enter the same address and we will send a sign-in link.