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I Guess you missed this one too24 September 2024.

HYPROMAG TO PARTICIPATE IN £11 MILLION GRANT FUNDED PROJECT: POWER-ELECTRONICS UPSCALE FOR LOCALISATION AND SUSTAINABLE ELECTRIFICATION (PULSE)

Highlights

· HyProMag, a pioneering rare earth magnet recycler and manufacturer, is participating in the £11 million PULSE project (the "Project"), which is part funded by the United Kingdom Government through the Advanced Propulsion Centre UK ("APC")

· HyProMag will collaborate with four industrial partners in the Project, Protean Electric ("Protean"), Unipart Manufacturing ("Unipart"), Viritech and Transense Technologies plc ("Transense") as well as Coventry University and the Warwick Manufacturing Group ("WMG")

· PULSE will deliver the first In-Wheel Motor ("IWM") that will use recycled magnets, produced via HyProMag's in-house magnet manufacturing capability coupled with its patented Hydrogen Processing of Magnet Scrap ("HPMS") technology, developed at the University of Birmingham, to further strengthen the UK supply chain for rare earth magnet materials and pathway to net-zero

Dr Rob Arnold, Technical Manager of HyProMag stated: "This consortium has a great commitment to sustainability and scaling the manufacturing capability in the UK, so we are proud to join Project PULSE and continue returning manufacture of NdFeB sintered magnets to the UK. Building on our existing relationship with Protean, this project will see HyProMag deliver a world first by incorporating short-loop recycled magnets into Protean's In-Wheel Motor technology, delivering a huge reduction in embedded CO₂."

https://www.voxmarkets.co.uk/rns/announcement/a561380a-c7dc-4771-880a-4b6e5f487b76/