DOE Announces $139 Million in Funding for 55 Projects to Advance Innovative Vehicle Technologies

Along with Marquette University, Niron Magnetics was awarded a $5,000,000 research grant for “Low-Cost Rare-Earth Free Electric Drivetrain Enabled by Novel Permanent Magnets, Inverter, Integrated Design and Advanced Thermal Management” from the Vehicle Technology Office of the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy. General Motors (GM) is the OEM partner on the project.

You can read more about the grant HERE.