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Active HORIZON European Commission

The smallest, most affordable and efficient active magnetic bearings for ultra-high-speed applications

€3.57M EUR

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
Grant Description

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.

All Grantees

Spindrive Oy

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