| Transmutex, a 2023 World Economic Forum Technology Pioneer, is capitalizing on research validated at the European Organization for Nuclear Research to conceive an entirely new approach to nuclear energy, using particle accelerators to induce nuclear waste transmutation and produce carbon-free nuclear energy, in the hopes of speeding up the race to Net Zero. Transmutex, along with other new players such as Newcleo, Radiant, Terrestrial Energy, X-Energy and NANO Nuclear Energy, use small modular reactors (SMRs) which can be built more quickly and cheaply than traditional nuclear power plants. While SMRs are increasingly being seen as a viable near-term addition to the energy mix, innovative clean energy approaches alone will not help the world get to Net Zero and ensure affordable energy for everyone. After a decade of progress, the global energy transition has plateaued amid the global energy crisis and geopolitical volatility, according to a new World Economic Forum report called Fostering Effective Energy Transition 2023. Countries have shifted their focus to maintaining secure and stable energy supply at the expense of universal affordability. Scaling new technologies and ensuring energy equity will require huge amounts of capital as well as new types of collaborations and actions by governments, financial institutions, and large corporates in traditional businesses, says Maciej Kolaczkowski, who oversees the Forum’s new Advanced Energy Solutions community. | 
