Stocks to Watch for
the Electric Aviation Revolution; (NYSE American: $KULR) (NYSE: $TXT) (NYSE:
$GE) (NASDAQ: $LILM)
Other
Stocks Mentioned: (NYSE: $OKLO) (NYSE: $AMPX) (NYSE: $CAE) (NASDAQ: $META)
(NASDAQ: $NVDA) (NASDAQ: $NNE)
August
21, 2024 - Investorideas.com, a
go-to investing platform covering renewable energy stocks releases a snapshot
on recent news and developments in electric aviation, featuring KULR Technology Group, Inc (NYSE
American:KULR), a global leader in safe and
high-performance energy storage solutions.
According
to ReportPrime.com, “The
Aircraft Electrification market faces several challenges that could hinder its
growth, including high development and certification costs, limited battery
technology, and insufficient charging infrastructure. Additionally, regulatory
hurdles and concerns over the safety and reliability of electric systems in
aviation play significant roles. However, there are promising growth areas and
emerging opportunities in this sector. Advances in battery technologies, such
as solid-state batteries and hybrid-electric systems, could enhance aircraft
performance and range. The demand for greener aviation solutions, driven by environmental
regulations and public scrutiny, is also fostering innovation.”
KULR Technology
Group, Inc (NYSE
American:KULR) has been advancing battery safety and
performance in multiple markets for years and now has its eye on addressing
this critical issue in the electric aviation market.
KULR
just announced it has
been selected for a pivotal battery pack reference design project by Amprius
Technologies (NYSE:AMPX), a leader
in next-generation lithium-ion batteries with its Silicon Anode Platform. The
final reference design will provide Amprius’ customers with a solution to
address thermal runaway at the battery pack level that leverages KULR’s
advanced energy management platform, KULR ONE Design Solutions, with Amprius’
high-energy Silicon Anode pouch cells to meet the rigorous thermal
qualification standards set by the Federal Aviation Administration (FAA) and
European Union Aviation Safety Agency (EASA), ensuring the highest levels of
safety and performance. This partnership is set to push the boundaries of
next-generation battery technology, with a focus on the burgeoning advanced air
mobility (AAM) market.
The integration of all lithium-ion battery
technology into Advanced Air Mobility (AAM) presents significant challenges,
particularly due to the risks of cell thermal runaway. To address these
concerns, the FAA and EASA have established stringent design regulations to
mitigate the risks associated with using lithium-ion battery packs in electric
manned applications. The partnership between Amprius and KULR is designed to
meet these strict safety standards and accelerate the adoption of Amprius’
high-performance cells in the AAM sector, where their technology is uniquely
positioned to excel.
This news is paid advertisement/ news disseminated
on behalf of/issued on behalf of KULR Technology Group, Inc.
Read this article featuring KULR in full at https://www.investorideas.com/news/2024/renewable-energy/08211Electric-Aviation.asp
Driving Innovation in
Battery Technology
The joint effort will explore innovative
methods to enhance battery safety and maximize energy density at the pack
level. By integrating KULR’s advanced thermal management solutions with
Amprius’ high-energy and high-power lithium-ion batteries and cutting-edge
silicon anode technology, the partnership aims to deliver a battery system that
is not only safe but also exceptionally high-performance.
"KULR’s proven expertise in thermal
management and energy storage solutions makes them an ideal partner for this
project,” said Jon Bornstein, President of Amprius Technologies Lab. “By
combining Amprius' advanced silicon anode battery technology with KULR’s
innovative approach to safety and performance, we are setting a new standard in
the advanced air mobility segment. This partnership accelerates our ability to
meet the stringent requirements of the electric aviation industry while
simultaneously pushing forward the evolution of battery technology with a focus
on safety, efficiency, and market expansion."
A Comprehensive Approach
to Design and Testing
The project will be executed in four phases,
beginning with extensive data collection and design concept delivery.
Subsequent phases will include detailed thermal modeling, propagation prevention
response (PPR) design, and rigorous testing to ensure compliance with the
highest safety standards. This systematic approach will enable the development
of a robust and scalable battery solution tailored to the needs of various
applications within the e-aviation sector and beyond.
A Commitment to Market
Expansion
This collaboration underscores KULR and
Amprius' commitment to expanding into growing markets by providing innovative
solutions that address the critical needs of safety and performance in energy-dense
battery systems. The partnership is poised to play a pivotal role in the
evolution of battery technology, particularly in the electric aviation market,
where the demand for lightweight, high-performance energy storage solutions is
rapidly increasing.
Precision Business
Insights estimates the global electric aircraft market to reach
USD $13.55 billion by 2030, growing at a CAGR of 7.62% during the forecast
period of 2024 to 2030.
KULR previously announced
other contracts in the electric aviation industry. In April, KULR unveiled a commitment exceeding $1 million with H55
Inc. (“H55”), a pioneer and global leader in electric propulsion. H55 will
employ KULR’s unique Thermal Runaway Shield (“TRS”) within its propulsion
systems that equip fleets of industry behemoths such as Pratt & Whitney and
CAE Inc. (NYSE:CAE). According to the agreement, the initial delivery phase began
in Q1 2024. Embedding KULR’s TRS into H55’s Electrical Propulsion System
(“EPS”) is critical for aligning with the European Union Aviation Safety Agency
(“EASA”) safety protocols. H55 harnesses KULR’s innovative TRS to construct
systems that adhere to stringent safety measures while retaining efficiency and
energy density. EASA recently approved the H55 EPS solution, paving the way for
the critical compliance demonstration phase of their certification program
(https://h55.ch/news/).
In addition to its
battery technologies, KULR has a long history of serving the aviation industry
with its KULR VIBE technology which eliminates vibration for helicopters and
drones During their recent earnings call, KULR's CEO talked about how KULR VIBE
serves the computer server market for Facebook (NASDAQ:
META)
and Nvidia (NASDAQ:
NVDA)
with better cooling technology by removing vibration in the server’s fans.
KULR VIBE can reduce
energy use and cool the hot AI processing chips more efficiently, which has
dramatically increased energy demand for companies like NNE NANO Nuclear Energy
Inc. (NASDAQ: NNE) and Oslo Inc. (NYSE:OKLO), which is backed by
Sam Altman of OpenAI.
Pipistrel, a Textron
Inc. (NYSE:TXT) company, announced earlier this year that the Federal
Aviation Administration (FAA) has granted a light-sport aircraft (LSA)
airworthiness exemption for the Pipistrel Velis Electro, opening up flight
training in an electric aircraft within the United States.
The FAA exemption
allows US flight schools to use the electric aircraft within their flight
training programs. The Velis Electro offers a lower-cost and more sustainable
learning platform for student pilots to acquire flying skills and go from zero
flight experience to eventually flying solo, while giving them early experience
on next-generation power systems.
Kriya Shortt, President
and CEO of Textron’s eAviation segment says, “This is a great day for flight
training organizations and aspiring pilots. With this exemption, the
cost-barrier to pursuing primary flight training can be substantially reduced.
We are thankful to the FAA for its support in bringing more opportunities for
electric aviation to the United States.”
Addressing the need for better battery technology in a recent KMUW article, Textron said, "Battery technology needs
to continue to mature because … there is a weight component to that," said
Textron eAviation's Shortt. "And we do have to be able to have a useful
load that makes … commercial viability of the product.
"So not only do
you have to be able to carry what you need to carry, or want to carry, and go
the duration that you want to because you can't just pull over to the side of
the road and charge."
Continued: Current battery capacity limits how far
electric aircraft can fly and how much they can carry. Pipistrel, which has
about 300 employees at facilities in Slovenia and Italy, makes the Velus, a
two-seat electric plane. But its range is only about 50 minutes between
charges.
GE Aerospace (NYSE:GE) said in news in June that they are developing a hybrid electric
demonstrator engine with NASA that will embed electric motor/generators in a
high-bypass commercial turbofan to supplement power during different phases of
operation.
This includes
modifying a Passport engine with hybrid electric components for testing through
NASA’s Hybrid Thermally Efficient Core (HyTEC) project. It’s one of several
efforts GE Aerospace has underway to mature technologies for more electric
aircraft engines and is being advanced as part of the CFM International
Revolutionary Innovation for Sustainable Engines (RISE)* program.
Continued: Embedded electric motor/generators will
optimize engine performance by creating a system that can work with or without
energy storage like batteries. This could help accelerate the introduction of
hybrid electric technologies for commercial aviation prior to energy storage
solutions being fully matured.
“Together with NASA,
GE Aerospace is doing critical research and development that could help make
hybrid electric commercial flight possible,” said Arjan Hegeman, General Manager
of Future of Flight Technologies at GE Aerospace.
Initial
component-level testing of electric motor/generators and power electronics has
been completed for the HyTEC Turbofan Engine Power Extraction Demonstration.
Systems testing took place at GE Aerospace’s EPISCenter in Dayton, Ohio.
Additionally, a baseline test of the Passport engine to characterize
performance before hybrid electric components are added was completed at the
company’s Peebles Test Operation, also in Ohio.
Results of the hybrid
electric component and baseline engine tests are being used to evaluate and
update models in preparation for a ground test.
“We’re advancing
state-of-the-art propulsion systems for next generation commercial aircraft
with an important aim — to drive industry efforts to improve efficiency and
reduce emissions compared to today’s aircraft engines,” Hegeman said.
NASA recently awarded
GE Aerospace a contract for Phase 2 of the HyTEC project to continue developing
technologies for an aircraft engine core demonstrator test later this decade.
Phase 2 builds on work completed in Phase 1 of HyTEC for high-pressure compressor
and high-pressure turbine advanced aerodynamics, as well as the combustor.
Looking at the future
demand and possibilities of electric aviation, “A landmark international survey has revealed the scale of pent up demand for
clean aviation, with 65 per cent of consumers across the four countries calling
for change.”
Continued: In a unique poll of 4,000 people across the
US, UK, France, and Germany, two-thirds (65%) of consumers said that it is time
for air travel to become sustainable.
The figures, unveiled
by Lilium N.V. (NASDAQ:LILM), a leading electric
aircraft manufacturer and pioneer in Regional Air Mobility (RAM), also reflect
wide excitement about the prospect of new forms of transport.
Polled on a series of
innovative travel methods, 60% said they would try electric aviation, while 61%
specifically said they would like to try eVTOL aircraft such as the Lilium Jet,
with demand strongest in Germany (64%).
The research also
revealed widespread concern over the impact on traditional aviation – 73% said
they were concerned about its contribution to pollution, with the proportion
highest in Germany (76%), and similarly backed by two-thirds (67%) of consumers
in the US.
Revolutions in
traditional markets represent opportunity for investors willing to bet on
innovation. As KULR Technology
Group, Inc (NYSE
American: KULR) pointed out in its recent news, “the global electric aircraft
market to reach USD $13.55 billion by 2030, growing at a CAGR of 7.62% during
the forecast period of 2024 to 2030.”
Research battery stocks at
Investorideas.com
Research Electric Aircraft Stocks
https://www.investorideas.com/AUTO/Stock_List.asp#electric-aircraft
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