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Boulder Wind Power Investment and Cultivating Non-Chinese End Markets Posted on 9/21/2011 9:00:00 AM Molycorp's investment in Boulder Wind Power (BWP), which was recently announced by the company, underscores Molycorp's commitment to facilitating the development of leading edge technologies that use rare earths.
Along the lines of our development of the XSORBX technology, it also highlights the importance and the potential catalytic impact on domestic downstream manufacturing when we can link the rare earth material supply chain directly to advanced technologies that require these critical minerals.
BWP’s technology centers on a direct drive wind turbine that uses a rare earth permanent magnet generator (PMG). Critically, BWP's design can utilize dysprosium-free rare earth magnets. This is a very significant development for several reasons:
-- It provides a path to commercialization for a far more efficient, reliable, and cost competitive wind power generator.
-- Given the sheer volume of magnets used in PMGs and the growing demand for PMG technology, developing BWP’s remarkable design is on par with finding a significant dysprosium deposit.
-- The BWP design provides a means for us to capture all the benefits of this technology – which can produce power at $0.04 cents a kilowatt hour – without the limitations of dysprosium scarcity.
-- This unique technology is scalable and will potentially allow for applications ranging from small rural projects to supplementing substantial urban requirements.
As part of our investment and agreement with BWP, Molycorp will be the “preferred provider” of rare earth materials for BWP wind turbines. Together, we have directly connected the domestic supply chain to a domestic end use technology that uses critical rare earth minerals.
We at Molycorp are very excited to be partnering with BWP and see this as a significant step in cultivating technological advances that are essential to building diverse end markets and enhancing our long term success.
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