Co-funded by the
European Union
14 November 2024
Novatron Fusion Group Ranks in Sweden’s Prestigious “33-listan” for Top Tech Companies
We are thrilled to see our portfolio company, Novatron Fusion Group, earn its first nomination on Sweden’s prestigious “33-listan,” which recognizes the country’s 33 most promising young tech companies. This honour highlights Novatron’s pioneering work in fusion energy and its potential to shape a future of clean, sustainable power. Congratulations to the entire Novatron team!
About NyTeknik 33-Listan
The “33-listan” is an annual ranking published by Swedish technology magazine Ny Teknik, which recognizes the 33 most promising tech startups in Sweden. It celebrates young companies that are leading in innovation across various sectors, from energy and biotechnology to AI and robotics, with the potential to make a global impact. Established in 2008, the 33-list has become a benchmark for identifying companies that are not only pioneering technological advances but also addressing key challenges like sustainability or digital transformation. Each year, hundreds of startups are reviewed for the list, with only those demonstrating unique technical innovation and international growth potential making it to the final selection. See 2024 ranking here.
Advancing Fusion Energy
Founded in Stockholm in 2019, Novatron Fusion Group is actively advancing fusion energy technology with the development of its innovative NOVATRON™ reactor design. Spearheaded by Swedish inventor Jan Jäderberg, the NOVATRON concept is a new approach to plasma confinement, designed to overcome the instabilities that have hindered previous fusion reactor designs. By leveraging advanced magnetic confinement techniques, Novatron Fusion Group addresses core challenges in fusion energy, positioning fusion as a feasible and scalable energy source.
Fusion Energy: The Key to a Zero-Carbon Future
“Achieving a spot on the ‘33-listan’ is a tremendous accomplishment and reflects the transformative potential of Novatron Fusion Group’s work in fusion technology,” said Ingvar Eriksson, Investment Manager at EIT InnoEnergy Scandinavia. “Beating climate change requires high-impact innovations, and fusion energy is crucial to our zero-carbon journey. We are thrilled to see them receive this recognition and excited about their potential to make fusion a reality.”
First Prototype Soon Completed
On its path to commercialization, Novatron Fusion Group is progressing rapidly on NOVATRON 1 (N1), its pioneering plasma stability test facility located at Stockholm’s KTH Royal Institute of Technology. Once completed, N1 will validate the reactor’s ability to stably confine hydrogen plasma—a critical breakthrough for achieving reliable fusion energy. In parallel, Novatron is advancing the design of NOVATRON 2 (N2), a key component intended for future fusion power plants.
Building Momentum for Fusion Energy
While the journey to fusion energy is still long, Novatron’s momentum is strong, bolstered by several million euros in venture capital, collaboration with the UK Atomic Energy Authority (UKAEA), and support from major industry and public institutions’ stakeholders. Its debut on the “33-listan” underscores Novatron’s potential to make fusion energy affordable and accessible, paving the way toward a cleaner global energy future. Congratulations to the team on this well-deserved recognition!
