Electric motors account for 45% of global electricity ...
Electric motors account for 45% of global electricity consumption, and two thirds of power used in industry. But electric motors haven't evolved in decades, there's no room for further innovation, right? Wrong. In a way that only an outsider to the industry could have dreamed up, NovaTorque has disrupted the design of the electric motor to bring to market a motor that is both less expensive upfront as well as more efficient to operate. In the industrial markets NovaTorque targets, this combination is of enormous interest. The company’s motor achieves this with the added advantage of being more compact than comparable state-of-the-art motors and not requiring the use of expensive rare earth magnets.
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Fremont, California United States