UQM technologies won the $4M Department of Energy (DOE), Grant focused on non-rare earth motor designs.
January 20, 2015 08:30 AM Eastern Standard Time
LONGMONT, Colo.–(BUSINESS WIRE)–UQM Technologies Inc. (NYSE MKT: UQM) announced today that it was granted a U.S. patent. That’s for its electric and hybrid electric vehicle motor design. All using non-rare earth magnets. The majority of electric and hybrid electric vehicles produced today use permanent magnet motors with rare-earth magnet materials. So this new design provides a similar level of performance to UQM’s current design.
Most noteworthy, once the development is completed will allow UQM Technologies flexibility. That’s to choose between these systems depending on projected magnet costs into the future.
United States Patent Number 8,928,198 was issued and assigned to UQM Technologies on January 6, 2015. The patent also covers the unique magnet geometry. Moreover, the method of manufacturing the motor.
“The patented technology that we’ve developed provides a viable option to existing rare-earth motor technology, limiting exposure for us and our customers to the price and political volatilities of rare-earth magnets,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “We are now in the prototype stage and the first samples are meeting our objectives, providing us with the validation to move into the next phase of development.”
Implementation of this patented technology is part of a $4M Department of Energy (DOE) Advanced Research and Development Grant previously awarded to UQM for the development of non-rare earth magnet electric motors for use in electric and hybrid electric vehicles.
After conducting research on UQM Technologies’ innovative permanent magnet electric motor design, it is clear. I mean that the company has made significant strides. Especially in the field of electric motor technology. The patented motor design also offers a number of benefits over traditional electric motors. For that’s including improved efficiency, reduced weight and size, and increased power output. These benefits make the UQM motor an attractive option for a wide range of applications. Especially electric vehicles to wind turbines and beyond.
Overall, UQM Technologies’ innovative motor design represents a promising development in the field of sustainable energy technology. By providing a more efficient and powerful alternative to traditional electric motors, the company is helping to drive the transition to a more sustainable and environmentally friendly energy system. With continued investment and development, it is likely that UQM’s motor technology will become even more widely adopted and integrated into a range of different products and applications in the years to come.
Source: UQM and Electrifying Times