Loading…
Loading grant details…
| Funder | European Commission |
|---|---|
| Recipient Organization | Spindrive Oy |
| Country | Finland |
| Start Date | Jul 01, 2024 |
| End Date | Jun 30, 2026 |
| Duration | 729 days |
| Number of Grantees | 1 |
| Roles | Coordinator |
| Data Source | European Commission |
| Grant ID | 101162683 |
Active magnetic bearings (AMBs) are considered the next revolution of electric motor technology. They solve all the limitations of standard high-speed bearing technologies.
However, they are still limited to low volume applications in heavy industries since their core component -controller- is very expensive and bulky.
SpinDrive is developing Magma X100, the smallest, most affordable & efficient AMB controller that solves the limitations of both standard bearings and existing AMBs, providing 1) ultra-high efficiency, 2) maintenance-free operation, 3) no risk of contamination, and 4) IoT condition monitoring & predictive maintenance.
With Magma X100, we make AMBs suitable for mass market applications for the first time, enabling the energy revolution (with applications in green hydrogen compression, renewable & distributed power generation, fuel-cell EV and heat pumps, among others).
The high scalability of the new product will be directly translated into our business performance: According to our projections, Magma X100 will represent 80% of our total revenue in 2029.
Spindrive Oy
Complete our application form to express your interest and we'll guide you through the process.
Apply for This Grant