Materials/Manufacturing

VAC Awarded $111 Million Tax Credit for New Magnet Factory in USA, Makes Recycling Deal with Cyclic Materials 

e-VAC Magnetics, part of Vacuumschmelze, has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit to advance the construction of its first USA magnet manufacturing facility in Sumter, South Carolina. The facility was […]

e-Power Technology

Rotor Sails Bring Windpower Propulsion Back to Maritime Vessels 

Adapting a century-old concept to modern technology and green energy demands, Finnish company Norsepower is bringing its novel rotor sails onboard a variety of marine vessels to help propel them through ocean waters. The company recently scored a number of contracts to place its auxiliary wind propulsion systems with leading fleet operators as demand mounts for greener shipping in the world’s seas. Separately, a Korean research group is investigating the use of magnetically levitated bearings to adapt rotor sails for use in coastal waters where wind is more variable. […]

e-Power Technology

SKF and Wolong Expand Magnetic Bearing & Levitation Motors Businesses 

SKF and Wolong Electric Group are expanding their lines of business in the growing market for magnetic bearings and high-speed levitation motors. SKF is opening a new plant in Morocco to ramp up production of its magnetic bearings and, jointly, the two companies are cooperating to apply the bearings to more high-speed motor and drive products.  […]

Materials/Manufacturing

Rare Earth Magnet Market Outlook: Demand for REOs to Increase Five-Fold by 2040, Outstripping Supply 

Adamas Intelligence has announced the publication of its latest annual report, “Rare Earth Magnet Market Outlook to 2040”. The report is a comprehensive deep dive into the global market for NdFeB permanent magnets and the […]

Electromagnetics

Qnergy’s Methane Power Systems Recognized in Edison Awards 

Qnergy, a specialist in applying magnet-powered Stirling engines for capturing methane to generate onsite power at remote oilfields, is being recognized in the prestigious Edison Awards competition for the innovation and invention of its CAP3Nano system. It supplies utility grade electricity via a novel Stirling engine generator that runs on raw, unprocessed gas to provide reliable remote power to drive and deliver compressed air pneumatics, while eliminating the venting of methane wellpads. […]