Novatron

Novatron Fusion Group, headquartered in Stockholm, Sweden, is a company focused on developing an innovative reactor solution called the NOVATRON concept for stable magnetic plasma confinement to overcome the hurdle of stabilizing superheated plasma, a significant roadblock in the commercialization of fusion reactors. The NOVATRON concept, based on the original idea by Swedish inventor and entrepreneur Jan Jäderberg, aims to create an inherently stable magnetic configuration that allows the super-hot plasma to reach a stable equilibrium at the center of the reactor, enabling a continuous fusion process.

The company's unique solution aims to increase the reliability of fusion reactors while reducing their capital and operational costs compared to alternative solutions. Novatron Fusion Group is developing the NOVATRON concept with world-leading physicists, engineers, and academics at the Novatron Lab within the former Alfvén Laboratory at KTH Royal Institute of Technology in Sweden. The company's goal is to develop economically viable fusion energy in the 2030s, and the funds raised in its seed round will be used to build pre-commercial prototypes.

Key customers and partnerships

Novatron Fusion Group has established strategic partnerships with KTH Royal Institute of Technology and EIT InnoEnergy. KTH provides its extensive knowledge of plasma physics, a well-equipped laboratory, access to academic research, and its international network. EIT InnoEnergy contributes with its pan-European network within industry, academia, and public institutions.

The company is also a member of the Fusion Cluster in the UK and the Fusion Industry Association (FIA) in the US. Novatron Fusion Group has secured investments from Climentum Capital, Industrifonden, Santander InnoEnergy Climate Fund, KTH Holding, and EIT InnoEnergy.