ABB has begun the phased opening of a new $100 million campus in Wisconsin to increase production capacity of industrial electric drives in the U.S., its largest market. Likely, the facility and its eventual 700 […]
Aerospace and defense supplier Marotta Controls has opened a new facility to house the design, development, and manufacturing of advanced brushless DC motors under the company’s newly launched Motorfox brand. The 10,000-square-foot building in Chaska, […]
In a stunning demonstration of investor interest in magnet recycling, Cyclic Materials of Toronto has successfully closed an oversubscribed $53 million Series B equity round, bringing the company’s total equity raised to $83 million. Cyclic […]
Recycling magnets from computer hard drives has garnered the attention — and opened the wallet — of Microsoft’s Climate Innovation Fund. It’s one of several new avenues that Cyclic Materials of Toronto is pursuing to gather more magnets into its supply stream and extend the reach for its technology. Auto salvage in the UK is another, marking the company’s first overseas feedstock deal – and with ties to parent companies IAA and Ritchie Auctions which have extensive worldwide operations in the used vehicle business. […]
A new industrial-scale rare earth oxides separation plant is scheduled to start up soon in Norway. Located in Heroya, the plant belongs to REEtec which has been operating a demonstration plant at the site since […]
The BMW Startup Garage and Munich-based company DeepDrive are set to road-test a revolutionary permanent-magnet electric motor. The concept features dual rotor technology and is expected to enable super-efficient, powerful drives that offer plenty of […]
MAHLE SmartBike Systems, the e-bike company of automotive component supplier MAHLE, has launched its new X30 drive system. The highlight is a new permanent-magnet hub motor designed for high torque and light weight. The full […]
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