Author: Elyse Christian

Alice & Bob lands major ARPA-E funding for next-gen magnets French quantum startup Alice & Bob has secured a €3.4 million award from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to accelerate the discovery of rare-earth-free permanent magnets using advanced quantum computing techniques. Tackling the rare-earth dependency in critical materials Permanent magnets are essential components in electric vehicles, wind turbines, consumer electronics and a wide range of industrial systems. Today, many of the highest-performance magnets rely on rare earth elements, a supply chain dominated by a small number of producing countries and exposed to price volatility, export…

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