Permanent magnets are made using rare-earth elements whose supply chains are vulnerable. A rare-earth free magnet is eco-friendly too.
London-headquartered , working in collaboration with the Henry Royce Institute and The University of Sheffield in the UK, has designed and developed MagNex, a novel permanent magnet made without using rare-earth elements. The company’s artificial intelligence platform powered the design of the magnet.
Materials Nexus aims to address such challenges in industrial production by designing novel materials that can replace existing materials or reduce emissions from processes to net zero. Scientists are well aware that without discoveries of new materials, future developments in clean energy would be delayed. However, the conventional model of material discovery relies on a trial-and-error approach, which is resource-intensive and very slow.
This data is then fed through our machine learning algorithms and the formula is modelled and optimized,” Bean added.free, permanent magnets and analyzed over 100 million compositions of candidate materials that help deliver a new type of permanent magnet.
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