St1 joins forces with Novatron Fusion Group to accelerate fusion energy in the Nordics

The strategic, long-term partnership is a demonstration of how two Nordic companies combine their respective strengths within science and industry to reach an ambitious shared goal - to reduce societies dependence on fossil fuels while meeting the future growing energy demand.

NFG’s unique NOVATRON fusion solution is a groundbreaking technology with game changing potential, which theoretically and numerically has been demonstrated to overcome challenges with poor confinement and plasma instabilities that have obstructed the commercial advancement of fusion energy. Although the NOVATRON is not a guarantee for solving future energy demands, St1 believes that NFG has a formula that potentially could be developed into commercial and scalable fusion energy solution that is also safe and fossil-free.

"To reach our vision of being the leading producer and seller of CO2-aware energy, we will continue to invest in our value chains and ongoing projects to remain at the forefront of the energy transition. At the same time, St1 also needs to invest in technologies that are not yet commercially available, as nearly 50 percent of the carbon emission cuts required by 2050 will rely on innovations currently in the demonstration or prototype phases. We believe that NFG has a game changing formula and as an owner with a long-term mindset, we are excited over this opportunity to help accelerate the work towards limitless fossil-free energy", says Henrikki Talvitie, CEO of St1.

The partnership was formed shortly after an announcement that the first prototype of NFG’s unique NOVATRON fusion solution was assembled and the system integration tested. NFG will continue running experiments with the first prototype, N1, located at KTH Royal Institute of Technology in Sweden. In parallel, NFG is preparing for the next phase of its roadmap where long-term partnerships will be key.

"St1 operates in an industry that needs to transform and has a proven track record of genuinely wanting to accelerate the reshaping of the energy system. As we start preparing for industrialization, we need to secure these types of partners that can contribute with experience, regulatory knowledge an extensive global network, and a strong position in the energy market", says Peter Roos, CEO of Novatron Fusion Group.

By jointly investing in the game changing NOVATRON technology, the goal with the industrial partnership is not only to support energy resilience in the Nordics, but rather to make a positive impact on a global scale by securing a leading position in providing fossil-free, safe, affordable, and abundant energy for all.

For more information, please contact:

Oscar Brehmer, Corporate Communication Manager, St1
Email: oscar.brehmer@st1.com
Phone: +46 707 911 228

Jeanette Mattsson, Marketing and Communications Director, Novatron Fusion Group
Email: jeanette.mattsson@novatronfusion.com 
Phone: +46 760 517 516

About St1
St1 is an energy company whose vision is to be the leading producer and seller of CO2-aware energy. St1 researches and develops economically viable, environmentally more sustainable energy solutions. St1 focuses on fuels marketing activities, oil refining and renewable energy solutions such as waste-based advanced biofuels and industrial wind power. The company has 1,259 St1 and Shell branded retail stations and gas filling points in Finland, Sweden and Norway. Headquartered in Helsinki, St1 employs currently more than 1,000 people. www.st1.com

About Novatron Fusion Group
Novatron Fusion Group AB is a Swedish company headquartered in Stockholm. Founded in 2019, the company strives to establish fusion energy and the NOVATRON concept as the preferred large-scale dispatchable source of clean, safe, reliable and virtually limitless fusion power. Inspired by Swedish inventor and entrepreneur Jan Jäderberg's original idea, it is now being developed by world-leading physicists, engineers and academics at a test facility, housed by KTH Royal Institute of Technology in Sweden. The NOVATRON technology remains the world’s only stable mirror-machine concept, and aims to streamline the fusion energy process while reducing capital and operational cost of future fusion reactors through a series of USPs. Financial backers include St1, Climentum Capital, InnoEnergy, Granitor, Industrifonden, KTH Holding and Santander. www.novatronfusion.com