Xcimer Raises $100 Million to Put Inertial Fusion Energy on Path to Commercialization
Summary
The company announced today it has hired a senior vice president of engineering, Giovanni Greco, who brings decades of experience leading teams developing complex aerospace systems at Blue Origin and Astra Space. Greco will lead engineering at Xcimer, starting with the design, development and manufacturing of the prototype laser system to be constructed in Denver. "This Series A financing enables us to achieve key milestones along the path to commercial inertial fusion energy," said Conner Galloway, CEO and chief science officer of Xcimer. "Were thrilled that our industry-leading investors, as well as our partners from U.S. national labs, academic institutions and private industry, are joining us on our mission to bring safe, reliable, zero-carbon and economical energy to the world. Founded in 2022 and based in Denver, Colorado with an office in Redwood City, California, Xcimer is backed by several of the worlds leading climate technology investors and has been selected for funding by the U.S. Department of Energys Milestone-Based Fusion Development Program.