Denver-Based Fusion Group Receives $30.5-Million Award from DOE

Fusion energy company Xcimer Energy said it has finalized an agreement for up to $30.5 million in additional federal funding through the U.S.

Department of Energy’s (DOE’s) Milestone-Based Fusion Development Program.

The new DOE award, announced October 6, is for the program’s second budget period.

It brings the total DOE funding for potential Milestone payments […] The post Denver-Based Fusion Group Receives $30.5-Million Award from DOE appeared first on POWER Magazine .

Search Sign In Home Fusion Denver-Based Fusion Group Receives $30.5-Million Award from DOE Fusion Denver-Based Fusion Group Receives $30.5-Million Award from DOE Darrell Proctor Fusion energy company Xcimer Energy said it has finalized an agreement for up to $30.5 million in additional federal funding through the U.S.

Department of Energy’s (DOE’s) Milestone-Based Fusion Development Program .

The new DOE award, announced October 6, is for the program’s second budget period.

It brings the total DOE funding for potential Milestone payments to Xcimer to $39.5 million as part of the federally supported fusion energy development program.

Xcimer, headquartered in Denver, Colorado, in 2024 received a $4-million award from the government’s ARPA-E agency for a total of $43.5M in non-dilutive federal funding.

Energy Secretary Chris Wright (second from left) toured Xcimer Energy’s Denver facility in December 2025.

Source: Xcimer Energy “America invented laser fusion, and America should lead its commercialization,” said Dario Gil, the DOE’s Under Secretary for Science.

Gil, who leads the federal government’s Genesis Mission project, delivered a keynote address in late September at POWER’s Experience POWER event in Washington, D.C.

“The Milestone-Based Fusion Development Program is built to turn American scientific leadership into commercial capability by putting private capital and private-sector execution behind ambitious, measurable goals.

Xcimer is making real progress toward a new generation of laser fusion technology, and this award will help accelerate that work.” Search Sign In Home Fusion Denver-Based Fusion Group Receives $30.5-Million Award from DOE Fusion Denver-Based Fusion Group Receives $30.5-Million Award from DOE Darrell Proctor Fusion energy company Xcimer Energy said it has finalized an agreement for up to $30.5 million in additional federal funding through the U.S.

Department of Energy’s (DOE’s) Milestone-Based Fusion Development Program .

The new DOE award, announced October 6, is for the program’s second budget period.