Neva Sgr, venture capital firm of Intesa Sanpaolo group 100% controlled by Intesa Sanpaolo Innovation Center, presented the investment strategies of the Neva II and Neva II Italia funds at the Officine Grandi Riparazioni in Turin (OGR), in front of venture capitalists, institutional investors, entrepreneurs, managers and startuppers from all over the world: at the center, the frontiers of new energy, in particular nuclear fusion.
Neva aims for nuclear fusion with CFS
Since the beginning of its activity, in 2020, Neva Sgr – explains the note – has chosen to invest in highly innovative companies committed to solving major global challenges in four key areas: Climate Tech & Energy Transition, Life Science, Digital Transformation and Aerospace & Manufacturing. “In the energy transition, Neva Sgr searches worldwide in a targeted and selective manner for companies with specific characteristics, startups or already mature companies with revolutionary patents and projects in the implementation phase, which in the future can put their technologies into production on a large scale, contribute significantly to the decarbonization of the most energy-intensive industrial sectors, allow the development of new baseloads (stable and constant energy plants) and enable renewables, also through energy storage plants and the optimization and balancing of networks”, explains the company in a press release.
Neva Sgr has chosen to invest in the American company Commonwealth Fusion Systems (Cfs), a unique reality worldwide in nuclear fusion that has patented and developed the revolutionary Tokamak-type reactor for magnetic confinement fusion called SPARC, the first commercially relevant machine in the world for net-energy fusion.
“Neva Sgr connects Italian entrepreneurs with the global venture capital network and facilitates the entry of international entrepreneurs into the Italian scientific and industrial ecosystem, creating bridges that transform ideas into global opportunities” – explained Luca president of Neva Sgr. “Our investment in CFS, in addition to financing a revolutionary project dedicated to the production of clean energy from nuclear fusion, aims to facilitate contact with the world of research and with the manufacturing supply chain of excellence in our country, with the hope that they can take an even greater part in the large-scale development of this new generation technology”.
Italy joins EU nuclear alliance
Meanwhile, today, the Minister of Energy Security, Gilberto Pichetto, announced during the new meeting of the alliance on the sidelines of the Energy Council in Luxembourg that Italy officially joins EU nuclear alliance, after having participated until now as an observer. The initiative, led by France, was born in 2023 to promote the interests of pro-atomic countries. In addition to Rome and Paris, the members are Belgium, Bulgaria, Croatia, the Czech Republic, Hungary, the Netherlands, Romania, Slovakia, Slovenia and Sweden.
