permanent magnet

Materials/Manufacturing

UK Funds Recycling Projects with Ionic Technologies & Partners 

November 20, 2024 Editorial Staff Comments Off on UK Funds Recycling Projects with Ionic Technologies & Partners 

Ionic Technologies, a Northern Ireland-based subsidiary of Australian minerals company Ionic Rare Earths, has secured significant new grant funding from the British government that support developing collaborative rare earth element supply chains within the UK. Two grants have been awarded under Innovate UK’s Climates program involving Ionic and several program partners — Vacuumschmelze, Less Common Metals, the Materials Processing Institute and Swansea University.

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e-Power Technology

Evolito Brings Axial Flux Motors to e-Aviation, Participates in H2-Flight Development with Cranfield Aerospace 

August 22, 2024 Editorial Staff Comments Off on Evolito Brings Axial Flux Motors to e-Aviation, Participates in H2-Flight Development with Cranfield Aerospace 

Attendees at this summer’s Farnborough AirShow, always a showcase for innovative technology in aviation held every two years in the UK, got a peek at the latest developments in e-aviation from Evolito, The UK company was spun out in 2021 by YASA, a pioneer of automotive axial-flux electric motors acquired by Mercedes-Benz in July of that year, to exclusively commercialize next-generation electric motor technology for the aerospace market. […]

Materials/Manufacturing

Industry & Academia Collaborate to Develop Euro Magnet Supply Chain 

August 5, 2024 Editorial Staff Comments Off on Industry & Academia Collaborate to Develop Euro Magnet Supply Chain 

Two efforts to build a supply chain in Europe for rare earth resources and magnets are bringing together a cluster of industry and academic players spanning the continent — and reaching even to Beatrice, Nebraska in the USA for processing ore samples from an idyllic field in Norway. Among entities linked to the projects are research technology development firm RTD Talos in Cyprus, research institute SINTEF in Norway, along with REE Minerals in Norway and American processing firm Rare Earth Salts in Nebraska. […]

e-Power Technology

Siemens to Sell Innomotics Motor & Drive Biz for €3.5 Billion to KPS 

June 6, 2024 Editorial Staff Comments Off on Siemens to Sell Innomotics Motor & Drive Biz for €3.5 Billion to KPS 

Siemens is planning to sell off its Innomotics motor and drive business unit for €3.5 billion to investment portfolio company KPS Capital Partners. The move follows creation of Innomotics, carved out as a discrete business unit in 2022, and preparations by Siemens in late 2023 to roll it out as a public company, but in a change of plans now has agreed to the sale to KPS. The transaction is expected to close in 2025. […]