Permanent magnets are key tools in technology and engineering, as they allow energy to be stored and delivered. Unfortunately, the most powerful magnets are made of rare earth elements, which are expensive, harmful to the environment, and present a high supply risk. Alternatives have been widely researched, but they tend to be far less efficient.
The main goal of this project is to develop up-scalable and cost-efficient methods for manufacturing improved rare earth free permanent magnets. We aim at producing permanent magnets with an enhanced performance with respect to already existing rare earth free magnets; and making them more enduringand sustainable.
Permanent magnets’ energy conversion capacity makes them indispensable in modern technology. They are essential in motors and generators, medical technology, the automotive industry, computer engineering, and household appliances, among others. Our project aims to develop these new magnets advancing towards market readiness.