The
“Electrification” of the World: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT)
(NASDAQ: $ENVX) (NYSE: $LMT) (NYSE: $BALL)
(NYSE: $TTE) (NYSE: $LDOS) (NASDAQ: $META) @KULRTech @GM
@Metamaterialtec @Enovix3D @LockheedMartin @BallCorpHQ @TotalEnergies @LeidosInc
@Meta
#Battery #Safety
and #Efficiency Demands Grow Amidst Lofty Global #Environmental Goals
Vancouver,
Kelowna, Delta, BC –November 21, 2022 - Investorideas.com, a
leading investor news resource covering EV manufacturers, energy and battery
stocks releases a special report on the
growing demand for safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE:
KULR). As EV production ramps up, we also see an
“electrification” of the world agenda in an attempt to move away from
traditional fossil fuel options.
Read this article,
featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/11211KULR-Electrification.asp
According
to an S&P
Global Future of Copper report, the world may face a
shortfall of between 1.6 and 9.9 million tons of copper by 2035. Even under an
optimistic scenario, supply would not meet the copper demand required for
net-zero emissions by 2050. An EV requires 2.5 times more copper than an ICE
vehicle and the forecasted supply shortage needs a better solution than more
mining. Current collectors used on the cathode and anode are made from aluminum
and copper foils, respectively, and together contribute about 15% of the weight
of the battery cell; the heavier copper material accounts for more than 10%.
This
follows a general trend of global battery needs and demands seen in other recent
reports saying that, “According to the latest research study,
the demand for global Sodium
Ion Battery Market size & share was valued at
approximately USD 1120 Million in 2021 and is expected to reach USD 1317
Million in 2022 and is expected to reach a value of around USD 2899 Million by
2030, at a compound annual growth rate (CAGR) of about 11.8% during the
forecast period 2022 to 2030.”
KULR Technology
Group, Inc. (NYSE:
KULR), a leading energy management platform company
accelerating the global transition to a sustainable electrification economy, recently
announced the launch of its new CubeSat SmallSat Lithium-ion
(Li-ion) battery pack format to further support the NASA space program and
launch of Artemis. From the International Space Station and the Mars Rover
Perseverance mission to the new Artemis Space Program, KULR continues its close
relationship and contract with NASA helping to ensure the safety of battery
systems, flight, and the exploration of space.
From the news: With an
industry-leading position in safe battery design and testing, and as a major
player in the current global electrification movement, KULR is one of few
companies that has successfully achieved the stringent requirements and
rigorous testing set forth by the JSC
20793 Revision D safety standard created by NASA crewed
space missions. This qualification allows for KULR’s products and solutions to
be utilized for the Artemis missions as well as other forthcoming, critical
voyages. And, as a result of today’s mission success, KULR has established a
deepened proof of concept, positioning itself to offer this battery format to
customers across various commercial applications. KULR expects to begin
accepting consumer orders in Q1 of 2023.
This
follows the company’s previous
announcement of entering into an agreement to provide
its internal short circuit (“ISC”) battery safety and testing device to the
largest automotive manufacturer in the United States. Additional information
regarding the Customer pipeline can be found in the Company's latest 10-Q
filing.
The
internal
short circuit testing solution reliably creates thermal
runaway in lithium-ion battery trigger cells in controlled, laboratory
conditions. The device does not rely on mechanically damaging the battery
exterior to activate the short, as do most of the other evaluation
methodologies, but instead triggers a true internal short. This makes it
possible to accurately pinpoint and fix problems leading to malfunctions. This
superior testing method allows KULR and its customers to more effectively test
the next generation of EV batteries and bring more reliable and safer battery
systems to market in a faster and more cost-effective manner.
The
ISC technology received the prestigious R&D
100 Award in 2016 and was the runner-up for NASA invention of
the year in 2017.
“We
are at the beginning of the electrification movement and it's great to see a
global automotive company fully embrace the strategic value of better testing
for designing the next wave of EV battery systems,” said Michael Mo, CEO at
KULR Technology. “Particularly in the wake of Hurricane Ian and the continued
destruction that was caused by the explosion
of EV batteries in areas affected by the storm,
solutions like KULR’s ISC device are more important than ever at ensuring
consumer safety across a variety of industries including electric vehicles,
electric vertical take-off and landing aircrafts, maritime and more.”
In
their recent 10Q the company reported, “The KULR sales and
marketing team has expanded its customer engagements through direct sales and
their Manufacturer’s Representative team to support some East Coast customers.
KULR had over 300 customer engagements by the end of Q3 2022 with some of the
world’s largest industrial and commercial companies such as Lockheed Martin (NYSE: LMT) , Ball
Aerospace, subsidiary of Ball Corporation (NYSE: BALL) ,
SAFT, subsidiary of TotalEnergies SE (NYSE: TTE) , General
Motors (NYSE:
GM),
Cirba, Redwood Materials, Leidos Holdings (NYSE: LDOS) , Meta
Platforms Inc. (NASDAQ: META),
Viridi and BOSCH. As we continue to expand our relationship with major partners
such as Lockheed Martin across their product portfolio, it is expected they
will be able to cross-sell and up-sell their total solution package to these
customers.”
A
recent news article in
Energy and Storage, reports that General Motors Company (NYSE:
GM)
is partnering with one of California’s main investor-owned utilities (IOUs),
Utility San Diego Gas & Electric (SDG&E), which serves 3.7 million people,
to explore the potential of vehicle-to-grid and vehicle-to-home battery
integration.
Continued: They
plan to investigate the feasibility of integrating bi-directional electric
vehicles (EVs) to act as an energy resource for the grid. That includes looking
at the various considerations for hardware, software, processes and
construction required to enable vehicle-to-grid (V2G), where energy stored in
vehicles can be leveraged for the network.
It
closely follows the launch by carmaker GM
last month of a dedicated energy storage division, called
GM Energy. GM Energy is offering products to the residential and commercial and
industrial (C&I) battery storage market segments, along with EV charging,
powered with lithium battery cells from Ultium, the company’s joint venture
(JV) with LG.
The
collaboration comes amid a wave of exploratory and pilot activity in the
vehicle-to-x sector. Pacific Gas & Electric (PG&E), another of
California’s IOUs, recently established the
US’ first dynamic export mechanism for commercial vehicle V2G charging.
Meta Materials Inc.
(NASDAQ:MMAT) is
also looking into the EV space having
recently announced it has entered into a Memorandum of
Understanding ("MOU") in partnership with DuPont Teijin Films and
Mitsubishi Electric Europe. Using META's PLASMAfusion®, the parties plan to
scale a proprietary, high volume, roll-to-roll manufacturing system for
film-based, coated copper current collectors. The film-based products will
reduce battery weight and cost, improve energy efficiency, extend vehicle
range, and enhance safety against the risk of battery fires (known as thermal
runaway) compared to standard Li-Ion batteries for electric vehicles and other
use cases.
"Current
Li-Ion battery innovations focus mainly on extending battery range and life
span. With today's climate crisis and the increased demand for Electric
Vehicles, a next generation Li-Ion battery is required that is more sustainable
and safer," said George Palikaras, META's President and CEO. "We are
excited to form a strategic alliance with Dupont Teijin Films and Mitsubishi
Electric Europe focused on scaling PLASMAfusion® in a proprietary high volume
battery coating system that can reduce copper volume and provide superior
functionality, reduced cost, and improved battery safety."
From the news :The MOU
is focused on developing battery materials, such as coated copper current
collectors and solid-state battery electrodes, as a multi-year project in
several stages: a pilot-scale roll-to-roll system, to be followed by an
industrial scale mass production line, and further development of the
application to the production of solid-state batteries. META will contribute
the PLASMAfusion® technology platform, system development and independent
testing of finished cells; DuPont Teijin Films will develop and supply the
polyester substrates, and Mitsubishi Electric Europe will contribute automation
technology, expertise, and interface to machine builders.
Continued: META's
PLASMAfusion® technology has already been demonstrated in a project funded by
the UK
Research and Innovation Faraday Battery Challenge. Thin
layers of copper are deposited on both sides of a polyester substrate, reducing
the weight of the current collector by up to 80%. Lighter weight increases
energy density, extending vehicle range. The polyester inner layer acts like a
fuse, helping to inhibit thermal runaway. This new battery technology can
reduce the dependence on copper that is needed for the other parts of electric
vehicles. With copper consumption in electric vehicles predicted to increase to
4 million tons annually by 2040, this innovation could save millions of tons of
copper.
Enovix Corporation (NASDAQ:
ENVX) also remains on trend having recently
announced that it has placed the remaining purchase orders for
the laser patterning and assembly line equipment of its Gen2 Autoline.
The
Gen2 Autoline represents a step-change improvement in manufacturing of Enovix
cells, with up to 10x faster throughput and a 6x improvement in changeover
speeds for different size batteries relative to the Gen1 production line that
went into service earlier this year in Fremont. The Gen2 Autoline will be the
“copy exact” platform from which the company plans to scale up production to
meet the strong demand for its advanced batteries.
“We
prioritized getting Gen2 right with the knowledge that we have to move fast to
capitalize on our opportunity to deliver a game-changing battery in an industry
starved for innovation,” said Harrold Rust, Enovix Co-founder and CEO. “I’m
pleased that our team has delivered on the commitment we made in our last
quarterly earnings call to get these critical Gen2 purchase orders placed
swiftly.”
Whether
we are looking at long-time auto manufacturers like GM and their new
energy/battery demands, or companies like KULR Technology Group working with
NASA on the Artemis Project, our global and local battery needs are both a
possible risk for our growingly battery dependent world and a great boon for
battery manufacturers. Every crisis creates an opportunity and as EV’s continue
to gain market share alongside much more ambitious projects that are literally
out of this world, there is a real need for batteries that are easy to produce
at scale while remaining efficient and safe.
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