

Nanomaterial alchemy for decarbonization
The expansion of the green economy heavily relies on rare metals, which are pivotal for technologies enabling renewable energy solutions such as hydrogen production, electric vehicles (EVs), and advanced battery storage systems. Metals like platinum and iridium are critical components of powerful catalysts used in EV motors and electrolyzers. However, their extraction and processing are energy-intensive, environmentally sensitive, and dominated by a few global players, creating significant supply chain vulnerabilities.
What is the Solution?
Milvus, a female-led nanomaterial company based in Oxford, is transforming the way we think about catalysts by creating high-performing substitutes for platinum-group metals (PGMs) at the nanoscale. Their innovative “Midas-touch” alloys replicate the functional properties of rare metals like platinum iridium and indium which are critical for green technologies such as hydrogen production, electric vehicles, and advanced battery systems. Using abundant and inexpensive common metals, Milvus produces nanomaterials that achieve high-performance catalysis at just one-hundredth of the cost of traditional PGMs. This breakthrough dramatically reduces the reliance on expensive and resource-intensive materials, making clean energy technologies more affordable and scalable.
What sets Milvus apart is their ability to engineer nanomaterials that deliver the same efficiency and durability as PGMs while addressing significant supply chain vulnerabilities. By eliminating the need for environmentally damaging extraction processes and reducing dependency on monopolized global markets, Milvus promotes sustainability and resilience in the green economy. Their approach not only drives down costs but also expands access to essential materials for renewable energy solutions, accelerating the transition to a cleaner, more sustainable future for industries worldwide.
What EQT Foundation loves about Milvus
Milvus is rewriting the rules of material science, turning abundant, everyday metals into catalysts that rival the performance of rare and expensive elements. They’re tackling one of the green economy’s biggest bottlenecks—our reliance on scarce, monopolized metals—with an innovative approach that’s as practical as it is transformative. By engineering nanomaterials that are affordable, efficient, and scalable, Milvus is not only addressing critical supply chain vulnerabilities but also unlocking new possibilities for clean energy technologies. Their work is a game-changer for sustainability, making high-performance materials accessible and accelerating the shift toward a greener, fairer future.
ThinQ is the must-bookmark publication for the thinking investor.
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