Niron Archives -

Magnet Developments Dominate $17 Million DOE Awards for Critical Materials Supply Chain

December 16, 2024 Editorial Staff 0

Developments in magnets and magnetic materials are prominent in $17 million of awards by the U.S. Department of Energy to boost domestic production and resources of critical materials. The new funding from the DOE’s Advanced […]

Ontario Emerging as Technology Center for Next-Gen e-Power

August 6, 2024 Editorial Staff Comments Off

Radiating from brainpower of the Automotive Excellence Centre at McMaster University, startup motor developer Enedym in collaboration with industrial neighbors Toyota Tsusho, a manufacturer of industrial trucks, and JFE Shohi Power Canada, a manufacturer of transformer cores and electrical steel products, are transforming their locale in Hamilton, Ontario, Canada into a center for next generation e-power technology. The place has roots. More than a hundred years ago, George Westinghouse and Nikola Tesla hung out there. […]

Niron Magnetics Secures Funding from Samsung Ventures & Auto Heavyweights to Accelerate Production of Rare Earth-Free Magnets

May 20, 2024 Editorial Staff Comments Off

Niron Magnetics has been raking in new strategic investor funding with a $25 million round led by Samsung Ventures that included automotive top-tier suppliers Allison Transmission and Magna, and a further collaboration with General Motors. […]

Niron Magnetics Scales Up with New CEO & Key Managers

February 27, 2023 Editorial Staff Comments Off

Niron Magnetics, the company pioneering the development of iron nitride magnets that are high-performance permanent magnets free of rare earths, is scaling up to evolve its company to become a significant player on the magnet market. One of its latest steps has been to appoint Jonathan Rowntree as new CEO. The leadership change and other key appointments represent a planned evolution of the company as it advances from a focus on development towards scaling, commercialization, and productization of its patented Clean Earth Magnet technology. […]

Western Digital Makes Strategic Investment in Niron Magnetics

May 2, 2022 Editorial Staff Comments Off

Western Digital Capital, the investment arm of data storage giant Western Digital which is a leading manufacturer of magnetic hard disk drives, has made a strategic investment into Niron Magnetics, a developer of “clean earth […]

Funds Flow to Niron and CorePower to Commercialize Rare-Earth-Free Magnet Technologies

February 7, 2022 Editorial Staff Comments Off

Niron Magnetics and CorePower Magnetics, two start-ups in the U.S. working on building electric motors and power electronics components free of rare-earth magnets, are in the path of numerous venture and technology development fundings to […]

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