Niron Magnetics: US DOE invests $17m in critical materials innovation
The US Department of Energy (DOE) has invested $17m in 14 projects across 11 states aimed at accelerating innovation in critical materials. These initiatives are focused on enhancing manufacturing for high-impact components and technologies such as hydrogen fuel cells, high-efficiency motor magnets, lithium-ion batteries and power electronics.
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Niron is a Minnesota-based company that manufactures and distributes rare earth-free permanent magnets for industries including automotive and HVAC.
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