Overview
COMPANY
HiPerm is developing the first new Grain-Oriented Electrical Steel (GOES) production facility in North America in over 40 years — capitalizing on a critical supply gap identified by the US DOD and DOE.
MARKET
NA GOES demand: 560,000 tpa. 67% is imported. A single US producer holds a domestic monopoly. US transformer manufacturers have committed $4B+ in domestic capacity expansions.
TRACTION
MOUs signed with 5 customers totaling 191,000 tpa — exceeding Phase 1 capacity of 130,000 tpa. Substrate MOUs in place. Brownfield site secured. Equipment supplier engaged.
