Permanent magnets play a vital role in our modern world and the demand for high performance magnets has never been higher.
Common devices that we use daily, such as computers, appliances, and automobiles are powered by permanent-magnet motors that convert electricity to motion. In the production of electricity, permanent magnets are found at the heart of generators.
With increasing demand, there has been a growing interest in alternatives to the rare earth magnets being used today.
Niron’s rare-earth-free permanent magnets will enable mass production of high performance permanent magnets based entirely on abundant domestic input materials.
For high performance applications, magnets made of rare earth materials are the most widely used today (such as NdFeB magnets). However, the mining, extraction, and manufacturing processes are labor intensive, expensive, and toxic. Due to persistent supply chain and geopolitical issues, the prices of these materials have been historically unstable and have surged over the last few years.
Niron’s rare-earth-free permanent magnets possess inherently higher magnetization and are produced from domestic materials. Using a patented, scalable process, Niron is commercializing high powered magnets using abundantly available iron and nitrogen.
Our manufacturing process combines breakthroughs in nanomaterials with well understood, mature metallurgical methods to deliver high performance magnets at a more stable cost.
Former CEO, Niron Magnetics
Co-Founder and former CSO, Niron Magnetics
VICE ADMIRAL (RETIRED, U.S. NAVY)
FORMER PRESIDENT AND CEO, GENERAL MOTORS
CTO AND CIO, FOXCONN
New funding from GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, University of Minnesota, and other investors will help accelerate commercialization of Niron’s Clean Earth Magnet® technology
Recognition as one of 200 world-changing innovations validates the need for Niron Magnetics’ rare earth-free magnet technology as demand for permanent magnets rises
We are a technology-driven company with a passionate team working to commercialize the world’s first high performance rare-earth-free permanent magnet.
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