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Xcimer, a two-year-old startup, has raised $100 million in Series A funding to advance its innovative approach to nuclear fusion power. The financing round was led by Hedosophia, along with Breakthrough Energy, Lowercarbon Capital, Prelude, Emerson Collective, Gigascale Capital, and Starlight Ventures. Xcimer's technology, highlighted by TechCrunch, involves using lasers to shoot fuel pellets inside a waterfall of molten salt, aiming to make fusion power commercially viable. The company plans to build a demo-scale plant within a decade, marking a significant step towards achieving commercially viable fusion energy. Xcimer's inertial confinement, laser-based systems represent a breakthrough in the field.
An intriguing approach to generating nuclear fusion power, containing the fusion reaction in molten salt instead of magnetic fields. Possibly in production within a decade? Definitely something to keep an eye on... 🤓 https://t.co/avsNeFu5I5
Nuclear fusion startup Xcimer raises $100M to chase laser-based power. The financing round was led by Hedosophia, along with Breakthrough Energy, Lowercarbon Capital, Prelude, Emerson Collective, Gigascale Capital, and Starlight Ventures.@CanaryMediaInc https://t.co/XAN4bVRh3S
"Hedosophia led? Oh they're gonna SPAC that thing within 3 years" * Xcimer Energy raises $100M in Series A funding for its inertial confinement / laser-based fusion systems https://t.co/I44VA0HIM1
