VIVIFY Technology and Evolution Metals & Technologies Sign Letter of Intent for Behind-the-Meter Hydrogen Power for EM&T's Planned U.S. Rare Earth Magnet Campus
VIVIFY Technology and Evolution Metals & Technologies signed a non-binding letter of intent for VIVIFY to deploy behind-the-meter hydrogen power for EM&T's planned U.S. rare earth magnet campus. The LOI is subject to technical validation and execution of definitive agreements, and the companies state there is no assurance those agreements will be reached. Context: EM&T is scaling Pohang magnet capacity from roughly 1,000 to 10,000 metric tons annually, backed by a 750 MW electrical infrastructure agreement, and plans a U.S.
Key figures
- Power infrastructure mw
- 750
- Pohang capacity target mt
- 10000
- Vividly power unit target
- 1MW per container (Flying Pig)
- Pohang capacity current mt
- 1000
AI analysis
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