Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets
Green Car Congress
NOVEMBER 23, 2022
million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets.
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