Articles from Niron Magnetics

Niron Magnetics today announced a donation to the Sartell Police Reserve Program, a key element of the company’s continuous commitment to supporting the local community as it establishes its new 190,000-square-foot manufacturing facility in the city.

Niron Magnetics has broken ground on a new state-of-the-art 1,500-ton-per-year permanent magnet manufacturing facility in Sartell, Minnesota. After nearly a decade of research and development in partnership with the U.S. Department of Energy and the University of Minnesota, Niron Magnetics has successfully created one of the first commercially viable new magnet materials in decades, capable of producing superior permanent magnets. The groundbreaking marks a major milestone in Niron Magnetics' ability to scale manufacturing of permanent magnets made from Iron Nitride, which exhibits exceptionally high magnetization and removes the need for rare-earth elements.

Niron Magnetics today announced it has licensed a comprehensive portfolio of foundational Variable Flux Motor (VFM) patents. This strategic licensing agreement unlocks decades of cutting-edge motor research for commercial application and positions Niron Magnetics to enable next-generation electric motor performance across multiple industries.

Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free Iron Nitride permanent magnets, was named the Innovation of the Year at the 2025 mHUB Fourth Revolution Awards. This recognition highlights Niron’s breakthroughs in advanced manufacturing and Industry 4.0, which harnesses automation, digital technologies, and environmentally responsible production methods. Together, these innovations enable a scalable, domestic alternative to rare earth magnets.

Niron Magnetics, a leading manufacturer of high-performance rare-earth-free permanent magnets, ​​has been awarded a $52.2 million tax credit under the Section 48C Advanced Energy Project tax credit program to advance the construction of the world’s only manufacturing facility of these magnets in Sartell, Minnesota. This award follows a competitive process led by the Departments of Energy and Treasury, which evaluated the technical, commercial, and environmental merits of over 800 projects nationwide.

Niron Magnetics, the world’s only producer of powerful rare-earth-free permanent magnets, today announced the grand opening of its commercial pilot plant in Minneapolis. The first-of-its-kind facility produces a sustainable alternative to rare earth permanent magnets that are critical inputs to a wide variety of technologies and industries including electric vehicles, wind energy, and consumer electronics.

The Sartell City Council has signed a Purchase Agreement with Niron Magnetics for 79 acres of public land on the east side of 4th Avenue South. This property, part of the 167-acre Champion Plat acquired by the City of Sartell last year during the purchase of the Mill District, marks a significant development for the community.

Niron Magnetics, the company pioneering the world's first high-performance, rare earth-free permanent magnets, today announced it has received $25 million in new strategic funding. This round was led by Samsung Ventures, which has the investment mandate to closely track the strategic priorities of leading consumer electronics manufacturer Samsung and encompasses investments in consumer electronics, semiconductors, telecommunications, and more. Allison Ventures, the venture capital arm of Allison Transmission, leading designer and manufacturer of vehicle propulsion solutions, was also part of this funding round, along with one of the world’s largest automotive suppliers, Magna. This investment will strengthen Niron’s ability to expand its production facilities and scale manufacturing capacity for exclusive customer programs and initial sales of the Clean Earth Magnet.

Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that its Clean Earth Magnet™ has been named as one of TIME’s Best Inventions of 2023. The annual list features 200 extraordinary innovations changing our lives.

Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has raised $33 million in additional funding, with new investments from leading automotive manufacturers, GM Ventures and Stellantis Ventures, and previous local investors, Shakopee Mdewakanton Sioux Community (SMSC) and the University of Minnesota (UMN), amongst other investors. This new financing will allow Niron to expand its current pilot production facilities and scale manufacturing capacity for exclusive customer programs and initial sales of its Clean Earth Magnet®.

Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has appointed Mark Schramek as Vice President, Government Affairs. In this role, Schramek will lead Niron’s corporate outreach to the United States Congress and Executive Branch, state and local governments, and trade associations advocating for the iron nitride magnet industry. Additionally, Niron has appointed Donald (Don) J. Rosenberg to the company’s Board of Directors. As a member of the board, Rosenberg will support Niron’s collaboration with the U.S. government, guide intellectual property strategy, and advise on regulatory matters as the company commercializes its Clean Earth Magnet® technology.

Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that it will participate in the 2023 Advanced Research Projects Agency - Energy (ARPA-E) Energy Innovation Summit, taking place March 22-24, 2023 in National Harbor, Maryland.

Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced the company has appointed Jonathan Rowntree as its new CEO. This leadership change represents a planned evolution of the company, as Niron advances from its focus on development towards scaling, commercialization, and productization of its Clean Earth Magnet® technology.

Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) has awarded the company a $17.5M 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.

Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced the expansion of its management team with the appointments of David Northall, vice president, global operations, Carlijn Mulder, Ph.D., vice president for magnet technology, and Peter Ladwig, Ph.D., vice president for nanoparticle technology.

Niron Magnetics, the company developing the world’s first high-performance permanent magnets free of rare earths, today announced it has received an investment from Western Digital Capital, the investment arm of data storage solutions provider Western Digital. The new funding will enable Niron to build upon its innovative Clean Earth Magnet™ to deliver better performance at lower costs, while eliminating the need for rare earth materials.

Niron Magnetics, the company developing the world’s first high performance permanent magnets free of rare earths, today announced it has raised $21.3M in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet™ technology.