With a major new production line in operation at its Big River Steel facility in Arkansas, U. S. Steel has entered the market for electrical steel in a big way. Its new Indux™ steel is […]
March 26, 2025 – Siemens announced today that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately […]
GKN Hydrogen aims to transform the way energy is stored while decarbonizing industrial processes, power plants and infrastructure. Prioritizing safety, minimal footprint and easy integration, project efficiency is optimized, says the company. Depending on requirements, the green hydrogen can be used directly or converted back into electricity and heat. The systems generate green hydrogen from fluctuating renewable energy sources, storing it compactly and safely in metal hydride over long periods of time. […]
Solero Technologies, a supplier of automotive solenoids and control modules, is planning to acquire Kendrion’s automotive business in a move that will expand its offerings in electrification components and jump to a much larger scope […]
With its acquisition of Von Roll, chemicals giant Altana’s encapsulation and insulation subsidiary Elantas emerges as a more powerful than ever supplier to the e-mobility and electrification manufacturing market. In late September, Elantas GmbH, a subsidiary of the specialty chemicals group Altana AG, finalized the purchase of a majority stake in Von Roll Holding AG that amounts to almost 89% of the company. […]
Energy and heavy industries are at a major turning point. To reach Net Zero goals, these vital contributors to the global economy require massive decarbonization. Green hydrogen and its derivatives (power-to-X(1)) will, as clean fuels, play a critical role in decarbonizing hard-to-abate and hard-to-electrify industries. […]
Creating a Circular Supply Chain for Rare Earth Elements and Critical Materials
Cyclic Materials, a Canadian advanced metals recycling company focused on producing critical materials, today announced it has raised $27 million in an oversubscribed Series A financing. The money is flowing in quickly after accomplishing its first production run of rare earth magnetic material and forging a string of partnerships with magnetics industry notables. These include chemicals giant Solvay which is planning to build a major rare earths magnet operation in Europe, and Arnold Magnetic Technologies (see related article), among others. […]
Amidst rising demand for rare earth minerals to supply magnets for manufacturers of motors for electric vehicles and for wind turbines, Japan has committed another AUDS$200 million to Australian producer Lynas Rare Earths for a favored supply chain. The latest tranche, worth about US $135 million, brings total commitment up to about US$400 million. […]
With its acquisition of FEMAG in Switzerland and earlier purchase of PowerForge, software company Gamma Technologies has been significantly bolstering its portfolio of multi-physics simulation capabilities for the design of electric machines, fuel cell systems […]
MP Materials and Sumitomo Corporation have forged a rare earths supply agreement which they say will diversify and strengthen rare earth supplies in Japan. Under the agreement, announced February 21, Sumitomo will serve as the exclusive distributor of NdPr oxide produced by MP Materials to Japanese customers. Further, the companies will collaborate on the supply of rare earth metals and other products. […]
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