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MagREEsource recycles end-of-life rare earth magnets using hydrogen.
MagREEsource uses hydrogen to recycle end-of-life magnets into powder for manufacturing new magnets with a lower carbon footprint. Founded in 2020 by Erick Petit and Sophie Rivoirard, it is based in Grenoble, France. In January 2023, it raised EUR 5 million from BAdGE et Grenoble Angels, Ciech S.A., EIT RawMaterials, European national funds, Finindus, Linksium, and Tangent Line.
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