Momentum builds in Silicon Valley as Novatron Fusion Group presents novel concept at FusionXInvest
Novatron Fusion Group had the pleasure of presenting its novel concept at The FusionXInvest Conference (Feb 11-14) at the Computer History Museum in Mountain View, California.
Surrounded by the history of some of the most significant innovations of the 20th century delegates discussed one of the groundbreaking technologies for the 21st century. Hosted by the FusionX Group, based in London, UK, it doubled up as an energy investment event as much as a platform to discuss approaches to commercializing fusion.
Speakers represented billions of dollars invested in fusion energy. Major emphasis was placed on investing now because once commercial versions are proven, the fusion market will be worth “trillions of dollars”. A key question from the event was what will 20-25% of the energy market be worth in 10-15 years? And with the inexorable rise of AI, lies a future powerhouse which cannot function without enormous reserves of electricity.
Other important trends identified by Novatron CEO Peter Roos and Head of Investor Relations & Partnerships Philip von Segebaden include:
· Greater volumes of investors growing an interest in fusion, many of which are building portfolios in different fusion concepts.
· Supply chains preparing for emerging business opportunities as companies build advanced machines.
· Utility companies and states entering agreements to build the first fusion power plants as a first stage for commercialization.
Another interesting development now being highlighted is that fusion energy R&D brings along numerous alternative uses in areas such as medical industry, aviation, making use of neutron sources, magnet applications etc. Fusion energy is a much broader business case yond the obvious of energy and heat production.
"In this context, it was inspiring to witness interest in our Novatron concept, which is a continued development of the well-researched mirror machines," said Mr Roos. "The successful build out of our first prototype (Novatron 1) was acknowledged with respect, as many fusion companies are yet to reach that stage. Our design, with its simplicity and cost-efficiency in building and validating our proof of concept, was also highlighted by many as providing promising opportunities."
“The industrialization of fusion energy is without doubt making fast progress towards power to the grid, something becoming even more evident at events like FusionXInvest, gathering stakeholders within the entire value chain,” added Mr Philip von Segebaden.
“The global fusion energy community is very inclusive in the sense that we all share the ambition to usher in a new era of clean, affordable and stable base power. As the Nordic champion for fusion, we are proud to be part of that movement and also happy to bring something new and unique to the table.”
