Feds Fund Novel Green Tech For Electric Cars, Solar Heat Storage

University of Minnesota, along with Oak Ridge National Laboratory, will develop a prototype iron-nitride magnet material that won’t rely on rare earth elements but should outperform the best magnets available today. The research team, which is getting $2.5 million, said this new material “has the potential to be the ‘holy grail’ of magnets.”

http://www.forbes.com/sites/uciliawang/2011/09/29/feds-fund-novel-green-tech-for-electric-cars-solar-heat-storage/

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