Conditions needed to establish a new industry
Novatron Fusion Group participated in this year's Almedalen Week (political week) in Sweden – "a magical place for dialogue, exchange, and unexpected meetings that help to develop our society". Much like the world of fusion energy.
Novatron Fusion Group and our CEO Peter Roos participated at Techarenan in Almedalen 2023 - from academia to billion-dollar companies - with Director Anne Lidgard at Vinnova, Head of Startup and Growth Kim Larsson Nyheim at Nordea and Anders Hagfeldt, Vice-Chancellor of Uppsala University.
"As the only Nordic company active in fusion energy, we spent very hectic and fruitful days with stakeholders, politicians, and NGOs with many discussions and debates. To me, one of the most important topics discussed was the conditions needed for establishing Sweden as one of the countries investing in fusion energy and what is needed to establish long-term industry," says Peter Roos, CEO of Novatron Fusion Group.
Industrialized continuous infinite clean energy through fusion power
Peter Roos, CEO
We believe that fusion energy is the way forward. 13.8 billion years of data, plus 70 years of research and international collaboration in multidisciplinary science, confirms this.
This includes the new NOVATRON fusion reactor design - based on an idea by Swedish inventor and entrepreneur Jan Jäderberg. The NOVATRON concept has demonstrated, theoretically and numerically, its capacity to minimize problems with plasma instabilities that have obstructed the commercial advancement of fusion power.
The first reactor is now being commissioned and developed by world-leading leading physicists, engineers, and academia in Stockholm, Sweden.
"We will further streamline nuclear fusion engineering and reduce the capital and operational cost of future reactors," says Peter Roos.
The deep tech sector cannot alone change the global need for conversion to clean energy
“We should be proud of the culture we have. We are good at collaborating. We are also very good at implementing ideas and turning them into successful ventures.”
We aim to establish fusion energy and the NOVATRON design as the preferred and flexible large-scale dispatchable source of clean, safe, and virtually limitless energy. Our goal is to have a commercial fusion power plant delivering energy to the grid before 2040.
But for this to happen, the industry needs long-term funding, political attention and engagement, and public support. For this to happen, national overall strategies are required around which hubs and clusters can gather.
"We should be proud of the culture we have. We are good at collaborating. We are also very good at implementing ideas and turning them into successful ventures. Much is in place today, such as financing and government support, but they are somewhat adapted for a time that was", says Peter Roos.
Sweden and other European states shoud start to cooperate even more on shared infrastructure, common regulatory directives, skills development, and investments.
"But this is not enough to establish a new industry. We need more people and stakeholders in our growing network who understand the possibilities of fusion energy. There is a reason why KTH Royal Institute of Technology decided to become one of our strategic business partners. Collaborations like this will support the energy transition by accelerating the GreenDeal and Europe's decarbonization goals," concludes Peter Roos.
Watch the panel discussion below (Swedish only).
