A new energy paradigm, consisting of greater reliance on renewable energy sources and increased concern for energy efficiency in the total energy lifecycle, has accelerated research into energy-related technologies. Due to their ubiquity, magnetic materials play an important role in improving the efficiency and performance of devices in electric power generation, conditioning, conversion, transportation, and other energy-use sectors of the economy. This review focuses on the state-of-the-art hard and soft magnets and magnetocaloric materials, with an emphasis on their optimization for energy applications. Specifically, the impact of hard magnets on electric motor and transportation technologies, of soft magnetic materials on electricity generation and conversion technologies, and of magnetocaloric materials for refrigeration technologies, are discussed. The synthesis, characterization, and property evaluation of the materials, with an emphasis on structure-property relationships, are discussed in the context of their respective markets, as well as their potential impact on energy efficiency. Finally, considering future bottlenecks in raw materials, options for the recycling of rare-earth intermetallics for hard magnets will be discussed.

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Nanotechnology has spurred efforts to design and produce nanoscale components for incorporation into devices. Magnetic nanoparticles are an important class of functional materials, possessing unique magnetic properties due to their reduced size (below 100 nm) with potential for use in devices with reduced dimensions. Recent advances in processing by chemical synthesis and the characterisation of magnetic nanoparticles are the focus of this review. Emphasis has been placed on the various solution chemistry techniques used to synthesise particles, including: precipitation, borohydride reduction, hydrothermal, reverse micelles, polyol, sol-gel, thermolysis, photolysis, sonolysis, multisynthesis processing and electrochemical techniques. The challenges and methods for examining the structural, morphological, and magnetic properties of these materials are described.

The development of Fe73.5Si13.5B9Nb3Cu1 (FINEMET) by Yoshizawa et al. and Fe88Zr7B4Cu1 (NANOPERM) by Inoue et al. have shown that nanocrystalline microstructures can play an important role in the production of materials with outstanding soft magnetic properties. The FINEMET and NANOPERM materials rely on nanocrystalline α-Fe3Si and α-Fe, respectively, for their soft magnetic properties. The magnetic properties of a new class of nanocrystalline magnets are described herein. These alloys with a composition of (Fe,Co)–M–B–Cu (where M=Zr and Hf) are based on the α- and α′-FeCo phases, have been named HITPERM magnets, and offer large magnetic inductions to elevated temperatures. This report focuses on thermomagnetic properties, alternating current (ac) magnetic response, and unambiguous evidence of α′-FeCo as the nanocrystalline ferromagnetic phase, as supported by synchrotron x-ray diffraction. Synchrotron data have distinguished between the HITPERM alloy, with nanocrystallites having a B2 structure from the FINEMET alloys, with the D03 structure, and NANOPERM alloys, with the A2 structure. Thermomagnetic data shows high magnetization to persist to the α→γ phase transformation at 980 °C. The room temperature ac permeability has been found to maintain a high value of 1800 up to a frequency of ∼2 kHz. The room temperature core loss has also been shown to be competitive with that of commercial high temperature alloys with a value of 1 W/g at BS=10 kG and f=1 kHz.

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