AbstractBased upon dual focusing techniques, the Polarimetric High-Energy Modular Telescope Observatory (PHEMTO) is designed to have performance several orders of magnitude better than the present hard X-ray instruments, in the 1–600 keV energy range. This, together with its angular resolution of around one arcsecond, and its sensitive polarimetry measurement capability, will give PHEMTO the improvements in scientific performance needed for a mission in the 2050 era in order to study AGN, galactic black holes, neutrons stars, and supernovae. In addition, its high performance will enable the study of the non-thermal processes in galaxy clusters with an unprecedented accuracy.