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Novatron Fusion Group Partners with St1 to Advance Fusion Energy

On March 19, 2025, Novatron Fusion Group (NFG) announced the successful closure of its Series A1 funding round, marking a significant milestone in the realm of fusion energy. The highlight of this announcement was NFG's new strategic long-term partnership with St1, a lead investor committed to accelerating fusion energy development across the Nordic region.

A New Era for Fusion Energy

The collaboration between NFG and St1 illustrates a powerful alliance between two prominent Nordic companies aiming to innovate the energy sector. The focus is on leveraging their combined expertise to tackle the pressing challenge of decreasing society's reliance on fossil fuels while meeting the increasing energy demands of the future.

"Welcoming Henrikki Talvitie, CEO of St1, to our board of directors is a thrilling prospect for us, as his extensive experience in the energy market will be invaluable as we work towards our vision of energy independence, free from fossil fuels," noted Erik Odén, founder and chairman of Novatron Fusion Group.

The partnership was solidified soon after the completion of the assembly and system integration testing of NFG's first prototype of the innovative NOVATRON fusion solution. Although focused on continuing experiments with its initial prototype, N1, NFG is also preparing to enter the next phase of its developmental roadmap. Securing long-term partnerships is pivotal at this stage.

A Vision for Sustainable Energy Transformation

"St1 is actively participating in an industry that requires transformation and has demonstrated a true commitment to reshaping the energy market," said Peter Roos, CEO of Novatron Fusion Group. As they prepare for large-scale industrialization, aligning with partners like St1 is essential, given their global network and strong foothold in the energy sector.

St1 aims to revolutionize the energy landscape by seeking out groundbreaking solutions that drastically lower carbon emissions. As the primary investor in this endeavor, St1 brings key regulatory and industrial insights that will aid NFG in its ambitions to commercialize fusion energy.

Henrikki Talvitie expressed his enthusiasm: "To achieve our objective of becoming the leading supplier of CO2-conscious energy, we must continually invest in our project pipelines to spearhead the energy transition. Additionally, with nearly 50% of necessary carbon emission reductions by 2050 tied to technologies in the demo or prototype stages, we believe that NFG holds a transformative key in this venture."

By collaborating on the NOVATRON technology, both companies aspire to not only bolster energy security in the Nordics but also establish a prominent global presence in offering accessible, safe, and environmentally friendly energy solutions.

Funding and Future Outlook

The funding round, which totaled €10 million in equity and saw oversubscription, witnessed participation from a mix of new and existing investors, including TomEnterprise, Unit E Limited, Axon Partners Group, Climentum Capital, Santander InnoEnergy Fund, Granitor, and Industrifonden. This impressive consortium will provide NFG with an enriched base of expertise and networks to propel the company into an exciting new phase of development.

NFG's vision is ambitious: to establish itself as a leader in the fusion energy landscape. Having originated in Sweden in 2019, the company's NOVATRON technology represents the world's only stable mirror-machine concept. The aim is to enhance the fusion process while reducing the costs associated with developing future fusion reactors through unique selling propositions.

With strong backing from notable investors, NFG’s journey reflects a growing commitment to sustainable energy solutions that not only address local energy requirements but also contribute positively to global environmental goals. As energy transitions pave the way for a cleaner future, Novatron Fusion Group and St1's collaboration exemplifies how strategic partnerships can lead to groundbreaking advancements in energy production and sustainability.