London
, March 17
—Bloomberg New Energy Finance today announced Magnomatics as a New Energy Pioneer at the third annual Bloomberg New Energy Finance Summit in London. Four other companies also received the honour, which was sponsored by Autodesk and awarded this year at the Summit for the first time.
Chris Kirby, Managing Director of Magnomatics said, “We are delighted that Bloomberg New Energy Finance has recognised our work with this honour. We have further developed our products over the last twelve months and achieved considerable industry engagement. We share Bloomberg New Energy Finance’s belief that our products have the potential to be ‘game-changing’ in clean energy technology.”
Magnomatics, based in Sheffield, UK, develops and delivers revolutionary magnetic transmissions and ultra-compact and highly efficient magnetically-geared, motors and generators.
Magnomatics’ contactless, lubricant-free, magnetic transmissions and magnetically-geared Pseudo Direct Drive (PDD®) machines offer dramatic new engineering possibilities ranging from efficient, gearless, generators for wind turbines, to lighter and more compact motors for hybrid vehicles.
Operating without a mechanical gearbox, the PDD® has the low maintenance and reliability advantages of a direct drive generator, but with the reduced size benefits of a geared system. The PDD® offers particular benefits for large offshore wind turbines where efficiency and reliability are paramount and the greatest challenges are presented for mechanical gearboxes.
Michael Liebreich, chief executive of New Energy Finance, said, “Bloomberg New Energy Finance chose Magnomatics because we feel they are potential ‘game-changers’ in the field of clean energy technology and innovation. The work they are doing is progressive and significant to the future of the energy sector, and we think they could play a significant role in the world’s transition to a lower carbon, more secure, smart, decentralised energy system.”
Bloomberg New Energy Finance analysts chose the recipients after assessing hundreds of companies from across the globe, spanning all areas of energy technology. The decision was based on three criteria: innovation, traction and potential. Each of the Bloomberg New Energy Finance Pioneers has not only demonstrated a ground-breaking new technology, but also the ability to implement it in real-life situations.
New Energy Pioneers Programme sponsor Autodesk, Inc., is a world leader in 2D and 3D design, engineering and entertainment software for the manufacturing, building and construction, and media and entertainment markets. Autodesk’s portfolio of state-of-the-art Digital Prototyping software helps customers experience their ideas digitally before they are built.