Emissions in the transportation sector. The automotive industry has to meet ever tougher greenhouse gas emissions standards. Reducing the weight of cars is a huge lever to pull to achieve the required reductions. Steel makes up more of the weight of a vehicle than any other material.
NanoSteel has developed steel alloys that maintain the attractive formability, weldability and cost of conventional steels but at much higher strength.
NanoSteel has the potential to change the steel industry in a way not seen since Sir. Harold Brierley invented stainless steel nearly 100 years ago.
Regular steels have significant competitive advantages over other materials for the automotive sector. However, aluminum can beat it on strength to weight ratio, which is an important attribute as automotive companies try to meet the more stringent CAFE (corporate average fuel economy) standards.
The new alloys produced by NanoSteel will allow a significant reduction in the thickness of the sheet steel structures and panels used to make cars. The alloys will match aluminum on strength to weight, while being much lower in cost and easier to form and weld in the manufacturing process.
The technology was invented by Dr. Daniel Branagan, formerly a metallurgist with the Idaho National Labs. The team of technical experts assembled by NanoSteel have clearly distinguished themselves from the competition and created a significant lead in patenting in this area. They have a rigorous process that can continuously develop new materials in a way that has not been done before.
The steel industry is under threat from aluminum in the automotive sector. NanoSteel can reinvigorate steel to push back against aluminum by providing a cost effective and timely response in this important $40 Billion segment of the industry.
While the automotive industry is act one, act two for NanoSteel is in additive manufacturing. NanoSteel’s materials have been proven to be highly effective in 3D printing, providing new material options that have never before been achieved.