Magment in US development deal for magnetic concrete
German developer of magnetic concrete Magment has signed a joint development deal for the dynamic wireless charging of electric vehicles with Heritage Environmental Technologies in the US.
The Heritage group is a major asphalt producer and is an investor in Magment since 2019. The deal will see the materials and technology ready for the market in 2023, says Mauricio Esguerra, founder and CEO of Magment.
Magnetizable asphalts with recycled magnetic materials will enable high-efficient and cost-effective construction of electrified roads that will supply energy to future vehicles rather than using copper coils with or without magnetic ground pads, he says. This will expand the company’s portfolio of patented magnetizable road materials.
- Magnetic concrete for wireless EV charging
- Funding boost for concrete-based EV charging
- Deal targets 200kW wireless charging road technology
Magment and HET in Indianapolis are developing a magnetizable asphalt mixture that can be used for the cost-effective construction of electric roads, and are also working on the wireless charging technology in China.
The first step to supporting electric vehicle adoption is the recent National Electric Vehicle Infrastructure (NEVI) programme in the US created by passage of the 2021 Bipartisan Infrastructure Law. The program will install charging stations along the nation’s designated Alternative Fuel Corridors.
The NEVI program is complemented by the ASPIRE initiative (Advancing Sustainability through Powered Infrastructure for Roadway Electrification) funded by the National Science Foundation, with the aim of electrifying transportation.
Magment has developed magnetic-based devices for a range of power levels ranging from low power micro-mobility devices such as scooters to high power devices for trucks and buses. It recently received funding from another infrastructure company, Holcim.
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