Magneto

magneto.systems

We develop and produce magnetocaloric materials and magnetocaloric heat pumps, which have the unique ability to convert magnetic energy into thermal energy and vice versa. Based on world-leading research of Delft University of Technology and BASF, the Magneto Systems team dedicated itself to adapt novel material recipes for commercial applications and scale up material production. Right now we are working on 2 applications: 1) Magnetocaloric heat pumps for heating and cooling. Our technology has the potential to save 30% of energy globally used for cooling. Cooling represents right now 5% of global energy usage, which is roughly 250 billion dollars per year. Yes, we are talking about savings of 75 billion dollars annually, and this number is supposed to quadruple till 2050 due to increased demand for air conditioning in the developing world. At the same time, our technology replaces greenhouse gases used in current gas compression technologies and helps the world to get closer to zero.