Permanent magnets play an increasingly vital, hidden role in modern technologies. 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 unsustainable rare earth magnets being used today.
Niron’s Clean Earth Magnet technology will enable mass production of high performance permanent magnets based entirely on low-cost, sustainable 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 environmentally damaging. Due to persistent supply chain and geopolitical issues, the prices of these materials have been historically unstable and have surged over the last year.
Niron’s proprietary Clean Earth Magnet materials possess inherently higher magnetization and can be produced at a lower cost. Using a patented, scalable process, Niron will produce high powered magnets using commonly available iron and nitrogen raw materials that can be sourced globally and sustainably.
Our manufacturing process combines breakthroughs in nanomaterials with well understood, mature metallurgical methods to deliver high performance magnets at half the cost.
FORMER PRESIDENT AND CEO, GENERAL MOTORS
VICE ADMIRAL (RETIRED, U.S. NAVY)
CTO AND CIO, FOXCONN
Investment to accelerate next-generation Clean Earth Magnet™ development for use in hard disk drives for enterprise cloud storage, data centers and more
MINNEAPOLIS–(BUSINESS WIRE)–Niron Magnetics, the company developing the world’s first high performance permanent magnets free of rare earths, today announced it has raised $21.3M in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet™ technology.
Funds Flow to Niron and CorePower to Commercialize Rare-Earth-Free Magnet Technologies
Professor Jian-Ping Wang to be inducted into the National Academy of Inventors
Minneapolis’ Niron Magnetics still small, but intends to be big player in greener economy
New Speaker, Headphone, and Earphone Perspectives with Voice Coil January 2022
Here are Minne Inno’s 2021 Startups to Watch
Freedom from rare earth magnets?
(Crunchbase) Cleaner Battery And Electric Vehicle Tech Startups Are Getting Bigger Checks
We are a technology-driven company with a passionate team working to eliminate environmentally destructive rare earth mining — replacing it with clean technology.
Receive updates about the latest news,
industry trends, career opportunities, and more from Niron Magnetics.
