Novatron funding news – Stockholm-based Novatron Fusion Group has Raised €3 Million in Funding

The project, in partnership with KTH Royal Institute of Technology, KIPT (Kharkiv Institute of Physics and Technology), UKAEA, and EIT InnoEnergy, aims to solve a key challenge in fusion energy: plasma confinement. Plasma confinement is critical for achieving commercially viable fusion energy.

Jan Jäderberg CTO of Novatron Fusion Group, remarked: “Our collaboration with global leaders strengthens the credibility and potential impact of the TauEB project. We are now poised to demonstrate a truly scalable and cost-effective fusion reactor technology.”

The success of fusion power plants depends on how well they can contain the energy, which needs to be stable and able to hold plasma over time with little leakage. The TauEB project tackles this challenge by improving plasma confinement time (τE) by more than 100 times, which is seen as a major breakthrough in making fusion energy commercially viable.

The project combines three innovative plasma confinement techniques:

Magnetic Confinement: Using Novatron's unique magnetic mirror design.
Ambipolar Plugging: Creating an electric potential within the plasma at the magnetic mirrors to help keep it contained.
Ponderomotive Confinement: Using an external electric RF-field to confine the plasma through a special force.

The three techniques combined are expected to greatly improve plasma confinement and make fusion power more affordable by producing energy at a competitive cost.

The project’s team includes experts in magnetic confinement, plasma stability, radio-frequency heating, and advanced diagnostics. Partners like EIT InnoEnergy are also helping with strategies to bring this technology to the market.

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Per Brunsell, professor of Fusion Plasma Physics at KTH, highlighted the significance of the initiative: “The Pathfinder Program is aimed at fostering radical innovations with high potential for real-world impact. With Novatron Fusion Group groundbreaking approach to fusion we’re bringing together an interdisciplinary team of world-class experts in fusion research and development. This unique collaboration will help drive the ongoing development of the novel fusion technology, positioning us to achieve major milestones in the quest for commercially viable fusion energy.”

Novatron sees fusion energy as an essential part of the global energy transition, offering clean, limitless and sustainable power.

BJan Jäderberg concluded: “There is a growing momentum in the field of fusion energy. As we continue to advance our technological roadmap, the TauEB project is a major step toward achieving a commercially scalable fusion reactor, paving the way for a cleaner sustainable future.”

About Novatron Fusion Group AB

Novatron Fusion Group, founded in 2019 and based in Stockholm, Sweden, is dedicated to making fusion energy a reliable, clean, and virtually limitless power source. The company is developing the NOVATRON fusion concept with the help of leading physicists, engineers, and academics at KTH Royal Institute of Technology.