Novatron Fusion Group celebrates momentous year with landmark achievements
As 2024 comes to an end, we are reflecting on a momentous year for Novatron Fusion Group.
We started 2024 with an empty space in our laboratory at KTH Royal Institute of Technology, in Stockholm, with the ambition to assemble a high vacuum secured prototype of our first Novatron (N1) ready for plasma experiments – and that day has now arrived.
In parallel, we have run countless of plasma shots via our experimental test rig, which primed us for the experimental campaigns on the N1. This turned out to be a well-made strategic technical decision, enabling us to synchronize the testing of subsystems for the N1, while developing support for sensors, data-capturing, storage and data analysis.
We are developing our business in so many ways, with one example being a recent grant to launch the collaborative TauEB project, which will help advance our technological roadmap and is a major step toward achieving a commercially scalable fusion reactor.
But more importantly, we have already achieved one of our most important goals with the N1 project - creating a team that has the capabilities needed for advanced system development. And our work is certainly paying off, which has been demonstrated by increasing interest from different stakeholders.
EXTERNAL RECOGNITION
Throughout the year our team has hosted countless high-level visits from royalty, politicians, government representatives and scientific leaders. We also continue to gain greater traction from publicists, industrialists and investors, with one highlight being the introduction of Granitor to our team.
Our strong company reputation has resulted in invitations to several prominent events, including the first-ever ministerial meeting on fusion energy in Rome and the EU Commission’s Blueprint for Fusion Energy event in Strasbourg. Collaboration across academia, industry and government is and will continue to be crucial in paving the way for us and the fusion energy industry in general.
As such we are continuously initiating new partnerships, including a recent MoU signed with the UKAEA, plus the initiation of the Nordic Fusion Forum. Further recognition has come after being named a finalist in the 2024 Capgemini Nordic Sustainability Tech Award, as well as making Ny Teknik’s list of the top 33 most promising tech startups in Sweden.
All of these examples highlight how our hard work is paying off in a wider perspective, as we help shape fusion’s policy landscape in an international context. This is exciting, but also because we see how fusion energy globally has reached new heights of attention and investment. Total global investment in fusion has surpassed $8 billion with increased government support and private-sector interest. We will continue to see an accelerating race towards commercialization.
OUTLOOK
As a team, we will remain focused on our roadmap, and during 2025 some of our priorities are:
Demonstrating plasma stability. This is not only a technological milestone, but also of great importance to prove the progress of our concept.
Collaborations, partnerships and alliances: We will continue to build and strengthen collaborations, partnerships and alliances that accelerate fusion’s path to market.
Government engagement. Politicians and policy experts will continue to be key in building more collaborations such as with UKAEA, FIA and regional governments.
Long term financing. We are fully committed to ensuring financial capabilities as we expand our company and deliver on our roadmap.
N2. We will continue to work on our conceptual design of our next prototype, N2, which will form part of the systems that are needed for building a fusion power plant. We will also decide on, as well as prepare for, a site to build it on.
Building our team. We need to attract new talent, but more importantly invest in our existing organization by continuously improving our way of working to create the best possible conditions for everyone to be the best version of themselves.
As a team we are hugely exited and motivated to see what 2025 will bring, and we anticipate another year full of achievements, progress and rapid growth.
Stay tuned for exciting news to come…
