FeNix Magnetics, Inc. is developing a next-generation supermagnet, ∝”-Fe16N2, known as ADPIN, (Alpha Double Prime Iron Nitride). ADPIN is targeted to deliver three to four times the magnetic energy density of today’s best supermagnet, (known as NEO) without damaging the environment. The potential impact of FeNix’s new magnet technology is tens of $B per year.