The REEsilience EU project aims to establish a resilient and sustainable supply chain for rare earth magnets, essential for green energy technologies and electric vehicles. With collaboration from 18 partners across Europe, the project focuses on reducing dependence on imported rare earth metals, promoting innovation in magnet design and manufacturing, and ensuring Europe's competitiveness in the green technology sector.
FREMONT, CA: Rare earth elements, or REEs, are important components in numerous modern technologies, especially those which are connected to the green energy revolution. As Europe is presently experiencing a much-needed energy transition, the requirement for a reliable and secure supply of REEs has become increasingly prominent. The REEsilience EU project is looking to address this requirement through the development of a resilient and sustainable supply chain for rare earth magnets, as they are irreplaceable for renewable energy technologies and electric vehicles.
Regarding the REEsilience Project
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
The REEsilience project is funded by Horizon Europe, which is a research and innovation program funded by the European Union and is also coordinated by the Institute for Precious Metals and Technology (STI) for Pforzheim University in Germany. The alliance consists of 18 project partners from ten European countries, that are France, Germany, Belgium, Austria, Netherlands, Slovenia, Spain, Poland, Sweden, and the United Kingdom.
The main aim of the REEsilience project is multidimensional. Above everything, the project is working to decrease Europe’s dependence on imported rare earth elements by incorporating a more sustainable and secure supply chain for rare earth magnetic materials and products in Europe. It will generate new market opportunities for vital raw materials as it is produced more sustainably in the continent. This includes investments in creating advanced extraction and processing techniques to reduce environmental impacts while also optimising resource efficiency.
Another important goal of REEsilience is to implement innovation in the designing and manufacturing of rare earth magnets. The project aims to generate magnets with improved efficiency, which are more environmentally friendly, as they will contribute to the overall sustainable goal of green technologies. By emphasising research and development, REEsilience is pushing the innovation of solutions that will assist Europe in retaining its competitive edge in the green technology sector.
Coordination and collaboration are the cornerstones of the REEsilience project, as partners from the industry, and associated academic and research institutions work in tandem to attain their shared goals. By welcoming the collaborative and multidisciplinary approach, the initiative can tackle complicated challenges, regarding the security of a sustainable rare earth supply chain, better. Moreover, the cooperative nature ascertains that the REEsilience retains its position at the forefront as participants swap knowledge, ideas, and expertise to propel the project forward.
It is critical to secure a supply chain of REEs for Europe’s energy transition. As numerous organisations are now looking at renewable energy sources and electric vehicles, the demand for rare earth magnets, which are critical components for electric motors and wind turbines, is only rising. If the REEs do not possess a stable supply chain, it could impact Europe’s green energy goals.