Redwood City, CA – According to filings with the U.S. Securities and Exchange Commission, Xcimer Energy is raising $10,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Conner Galloway played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Xcimer Energy
Xcimer has created a breakthrough fusion architecture that will allow us to apply the only experimentally-proven controlled fusion reaction to electricity generation. Our goal is to transform the energy marketplace by enabling cheap, abundant and carbon-free energy at scale. Inertial Fusion Energy (IFE) offers the potential for grid-scale electrical power with no compromises: safe, clean, abundant, reliable – and economically competitive. Xcimer Energy has designed an IFE system that will overcome long-standing obstacles to viable fusion power by integrating low-cost excimer laser technology with the HYLIFE reaction chamber concept developed at Lawrence Livermore National Laboratory (LLNL) and UC Berkeley. We’ve assembled a team of world-class experts in laser, target, and chamber engineering to make this a reality and fundamentally change the marketplace for energy.

To learn more about Xcimer Energy, visit http://xcimer.net/

Contact:
Conner Galloway, Chief Executive Officer
707-849-2428
https://www.linkedin.com/in/conner-galloway-272129184/

SOURCE: http://www.intelligence360.io
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