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.”

Proponents of inertial fusion energy celebrated in December 2022, when researchers at the National Ignition Facility at Lawrence Livermore National Laboratory achieved fusion ignition by subjecting a carefully crafted diamond cryogenic sphere containing frozen deuterium-tritium fuel to NIF’s laser energy. NIF has yet to repeat the feat, in part because that facility was not designed to produce fusion energy, and ignition requires near-perfect targets. For inertial fusion energy to serve as a reliable power source, it will require swift, reliable, and economic target production.

Focused Energy and Xcimer Energy are two of the eight fusion developers the Department of Energy selected in late May for funding under the public-private Milestone-Based Fusion Development Program, and the only developers using an inertial confinement concept. The Milestone program, announced in September 2022, was open to any fusion developer willing to undergo a competitive merit-review process, regardless of fusion confinement concept. But the prospects for inertial fusion concepts might have gotten a boost from Lawrence Livermore National Laboratory’s December 2022 achievement of scientific breakeven at the National Ignition Facility (NIF), which was announced shortly before the application window for the Milestone program closed.