The currently constructed European X-Ray Free Electron Laser (XFEL) will generate new knowledge in almost all the technical and scientific disciplines that are shaping our daily life-including nanotechnology, medicine, pharmaceutics, chemistry, materials science, power engineering and electronics. On 8 January 2009, civil engineering work (tunnels, shafts, halls) has been started at all three construction sites. In this presentation status and parameters of the European XFEL facility and instrumentation as well as planned research applications particularly in the range of soft X-rays are reviewed.
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