Congratulations to Niron Magnetics on its $17.5 million SCALEUP grant from the U.S. DOE's ARPA-E
Codetta and UNC received $2M grant, South 8 Technologies tripled facility size
Anzu Partners hosted a webinar on breakthrough technologies for engineering education
Hi everyone,
We are excited to announce that Niron Magnetics, the Anzu portfolio company that is pioneering high-performance, rare earth-free permanent magnets, has recently been awarded a $17.5M grant from the U.S. Department of Energy (DOE). As the DOE announced on November 22nd, this grant was awarded through the highly competitive ARPA-E SCALEUP program and is intended to help Niron advance its commercial partnerships and fund the pilot production of its Clean Earth Magnets®.
This announcement follows a recent report from the Department of Commerce released in October, that highlighted the geopolitical risks of dependency on rare earth materials for magnets. That same report also spotlighted Niron as a leading developer of rare earth-free magnetic material.
Powerful permanent magnets are an essential component in electric vehicle motors, wind turbines, efficient industrial motors, audio speakers, and other consumer electronics. With the pervasive nature of permanent magnets, there has been a growing recognition that the world needs a cleaner and more sustainable source of these materials, which cannot be achieved with further rare-earth mining. Niron’s Iron Nitride-based Clean Earth Magnet is made from abundant commodity raw materials, enabling a less expensive, domestically manufacturable solution for the clean economy with minimal supply chain risk and a significantly reduced environmental footprint.
Niron has built strong relationships with companies that use magnets in their products across various application areas. These relationships have turned into commercial partnerships that are providing important insights about requirements for future products that are essential to the clean energy transition. These commercial partners include:
Volvo Cars, a global automotive OEM with a focus on quality, safety, and care for the environment
Peerless, Tymphany’s audio components division, a global leader in the design and manufacturing of professional speaker drivers
Premium Sound Solutions, a leading designer and manufacturer of automotive sound products supplying the majority of premium car brands globally, widely recognized for its product innovation and sustainability ambitions
Western Digital, a leading global data storage solutions provider that designs and manufactures flash and hard disk drive products for cloud, edge, and consumer markets
One of the top 5 global power tool OEMs
One of the top 5 global wind turbine OEMs
The team members at Anzu have been working closely with Niron since our early investment in the company, and we are proud of their continued achievements in commercializing a breakthrough technology with major environmental and social benefits. The recognition provided by this ARPA-E SCALEUP award is another validation that Niron is solving a critical challenge in our global path toward sustainability.
This grant is part of NC Collaboratory’s Business-Academia Partnership Program and will fund collaboration between Codetta and the NCCU Advanced Center for COVID-19 Related Disparities (ACCORD) to make technologies for COVID detection and the assessment of COVID-related health issues more accessible and efficient. Codetta is developing an integrated, multi-omic platform, and through this project with NCCU, it aims to enable the detection of a panel of respiratory infectious diseases, as well as the severity of host response and potential impact of long-COVID.
Xendee was Enlisted by the U.S. DoD to Help Cut Energy System Engineering Costs
Xendee, a provider of microgrid decision support software, announced that the U.S. Department of Defense (DoD) has enlisted the company through its Environmental Security Technology Certification Program (ESTCP) to help significantly cut energy system engineering costs. With the DoD identifying microgrids as a critical technology for increased security, energy efficiency, and resilience at new and existing military installations, the value of microgrids is clear. However, this technology must be optimally planned, designed, deployed, and managed in order to meet organizational goals and mission-critical loads.
Xendee’s integrated platform provides a standardized approach that cuts microgrid design time, slashes engineering expenses, and is scalable across the DoD. As part of this program, Xendee’s software is demonstrated at three different DoD installations: the Naval Submarine Base Kings Bay, the USAG Bavaria project, in Grafenwöhr/Vilseck, Germany, and the Naval Base San Diego.
South 8 Technologies Tripled its San Diego Battery Manufacturing and Office Space, and Welcomed a New Board Member
South 8 Technologies, a cleantech company innovating safer and higher performance electrolytes for the next generation of lithium-ion batteries, recently expanded its San Diego manufacturing facility, corporate offices, and team of experts as interest grows in its patented liquified gas electrolyte, LiGas®.
The new 12,500 square feet facility allows for team expansion and for the construction of a small pilot production line where South 8 plans to fill lithium-ion batteries with its LiGas electrolyte. The new pilot production line aims to demonstrate LiGas’ scalability and to fulfill low-volume orders for cylindrical sample cells for delivery to tier 1 automotive and cell manufacturing groups evaluating safer LiGas as a replacement for a conventional but hazardous liquid electrolyte for their electrochemical energy storage devices. LiGas is also being evaluated for applications that have historically been unsuitable for lithium-ion batteries due to extreme temperatures.
Additionally, South 8 recently welcomed intellectual property expert Andrew Filler to its board of directors. Filler is a Partner and General Counsel of Sherpa Technology Group, an IP consultancy for major brands, and has served as Vice President of Intellectual Property for Nanosys, a leader in nanotechnology materials for the display industry. He brings more than 25 years of intellectual property management, legal and business experience and expertise to South 8’s growing business.
You can read more about Filler’s background in the press release.
ANZU IN THE NEWS
Anzu Hosted a Webinar on Breakthrough Technologies for Engineering Education
Anzu Partners hosted a webinar on 'Breakthrough Technologies for Engineering Education' featuring four Anzu portfolio companies that are accelerating engineering research and education. You can now access the recording here.
GelSightCEO Youssef Benmokhtar was interviewed for a feature on Hexagon's blog as part of the Sixth Sense program.
Liquid Instruments CEO Daniel Shaddock was interviewed by Authority Magazine on the five things you need to know to shake up your industry
BioFlyte and NTx were mentioned in an Albuquerque Journal article on the New Mexico Bioscience Authority's initiative to help grow local bioscience startups and the economy
InterVenn Biosciences participated in Canaccord Genuity's MedTech, Diagnostics and Digital Health & Services Forum in New York on November 17. You can access a recording of the webcast here.
CAREER OPPORTUNITIES
Anzu Partners and our portfolio companies are hiring
Browse the open roles here and learn more about joining our amazing teams.
To stay up to date on the latest news from both Anzu and our portfolio companies, follow us on social media.
ABOUT ANZU PARTNERS
Anzu Partners is an investment firm that focuses on industrial and life science technology companies with the potential to transform their industries. Anzu works with entrepreneurs to develop and commercialize technological innovations by providing capital alongside deep expertise in business development, market positioning, IP, global connectivity, and operations. For more information, please visithttps://anzupartners.com/.
The information contained in this newsletter is being provided by Anzu Partners for informational purposes only. The information was obtained from various sources, but Anzu Partners cannot assure its accuracy. This is neither an offer to sell nor a solicitation for an offer to buy an interest in any fund managed by Anzu Partners. Any such offer or solicitation will only be made to qualified potential investors pursuant to a private placement memorandum. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
You are receiving this email because you requested to be added to Anzu Partners' monthly newsletter distribution list.
![liquid-instruments-logo[59799]](https://pages.anzupartners.com/hs-fs/hubfs/liquid-instruments-logo%5B59799%5D.jpeg?upscale=true&width=212&upscale=true&name=liquid-instruments-logo%5B59799%5D.jpeg)
