Novatron Fusion Group

The company was co-founded by Erik Odén, who serves as chairman, and Jan Jäderberg, the inventor who is also the Chief Technology Officer. Jäderberg, a mastermind inventor with a background in structural mechanics, has dedicated decades to electromagnetism and plasma containment. Odén is a venture entrepreneur with experience in growing multiple deep-tech startups for international markets. The company is led by CEO Peter Roos and operates its primary test facility at the KTH Royal Institute of Technology in Stockholm.

Novatron Fusion Group's business model revolves around developing and eventually commercializing its proprietary NOVATRON fusion reactor technology. The goal is to provide a source of clean, safe, reliable, and virtually limitless energy to address climate change and growing global energy demands. The company has successfully built and conducted initial tests on its first prototype, the Novatron 1 (N1), marking a significant step from theory to a physical device. The firm is preparing for its next development phase, which includes the NOVATRON 3 pilot reactor planned for the 2030s, and is actively forming long-term industrial partnerships to accelerate commercialization. The company has raised significant capital through multiple funding rounds, including a €10 million Series A1 round in March 2025, attracting strategic investors like St1, an energy company, and venture capital firms such as Axon Partners Group, Climentum Capital, and Industrifonden.