Researchers at Minnesota University have developed a sustainable magnet – using iron and nitrogen without rare earth elements – which it intends to bring to market.
The university has set up a spin-out, Niron Magnetics, to commercialise the magnet, which recently won $10,000 the Dow Sustainability Innovation Student Challenge Award, and has also secured grants totalling $4m from US Department of Energy’s Advanced Research Projects Agency.
Niron says that it will be producing samples of the magnets over the coming…
