RTX Ventures Takes Minority Stake in Fusion Laser Firm Xcimer Energy
RTX Ventures, the defence group’s venture arm, has taken a minority stake in laser fusion startup Xcimer Energy and signed a teaming agreement to explore integrating its pulsed-laser systems into RTX defence platforms. The collaboration targets directed-energy tools for US airborne threat countermeasures while supporting Xcimer’s goal of delivering fusion energy to the grid by the mid-2030s, after US DOE approved its fusion pilot power plant design and awarded it major program funding.
Coverage (3)
- RTX Invests in Xcimer Energy to Develop Directed Energy Defense Systems (citybiz.co)
- RTX backs Xcimer Energy, targeting fusion and air defence lasers (app.dealroom.co)
- RTX Ventures And Xcimer Energy Corporation Enter Strategic Alliance To Develop Advanced Directed Energy Technology (marketscreener.com)