#Drones and the
Demand for Better, Safer #Batteries (NYSE: $KULR) (NYSE: $AMPX) (NASDAQ: $PLUG)
(ASX: $LIS) @KULRTech @AmpriusInc
@LiS_Energy @PlugPowerInc
The
Sky is the Limit
Vancouver,
Kelowna, Delta, BC – August 14, 2023 - Investorideas.com, a
leading investor news resource covering defense, drones and battery stocks
releases a special news report on the demand for better batteries within the
drone industry, featuring KULR Technology
Group, Inc. (NYSE:KULR), a
leading energy management platform company that recently partnered with a world
leading provider of Drone-Powered Package Delivery Services to develop
high-capacity lithium battery packs.
Read this article
featuring KULR in full at https://www.investorideas.com/news/2023/renewable-energy/08141Drone-for-Better-Safer-Batteries.asp
According to the latest study on
"Global Drone Battery Market Growth Report, the market was valued at US$ 994.97 million in
2022 and is expected to reach US$ 2.450 billion by 2028; anticipated to register a CAGR of 16.2% from
2022 to 2028.
Well
positioned for this market, KULR
Technology Group, Inc. (NYSE:
KULR), a global leader in sustainable energy management, just
announced it has
signed an agreement to partner with a world leading provider of drone-powered
package delivery services. Pursuant to the agreement, KULR will leverage its
KULR ONE Design Solutions (“K1-DS”) platform and proprietary technology for the
development of high-capacity lithium battery packs for use in last-mile
delivery, which is the most expensive and time-consuming part of the shipping
process. The KULR K1-DS is globally recognized for the safety and efficiency it
brings to batteries and battery-powered products and equipment. It is used by
some of the world’s most demanding aerospace and defense customers.
From the news: The
global drone delivery services market is currently estimated at $2.1 billion
and is expected to grow over 400% to $9.2 billion by 2027.
Continued: Although
drones offer immense potential, their widespread adoption is hindered by safety
risks associated with batteries and various technological challenges,
particularly related to energy density and weight. The Company will support the
customer in addressing these concerns with its cutting-edge K1-DS battery pack
design and testing platform, which integrates inherently safe and lightweight
battery designs featuring advanced chemistry and thermal management technology.
This approach empowers drone makers to achieve extended flight ranges and
longer flight durations on a single charge.
Continued: “Our
state-of-the-art KULR ONE Design Solutions platform has enabled leading
aerospace, electronics, and energy storage manufacturers to develop lighter,
safer, and more thermally efficient products,” stated KULR CEO Michael Mo. “We
are excited to collaborate with global e-commerce companies to increasingly
disrupt the last-mile delivery market by incorporating our solutions for
development of high-energy battery packs into smaller and lighter power sources
for drone delivery applications.”
Making
headlines in the drone market in late July, Amprius Technologies, Inc. (NYSE: AMPX), a
leader in next-generation lithium-ion batteries with its Silicon Anode
Platform, announced that
its high-density batteries played a significant role in powering BAE Systems'
first successful stratospheric flight trial. PHASA-35, the High-Altitude Pseudo
Satellite (HAPS) Uncrewed Aerial System (UAS) designed by BAE Systems’
subsidiary Prismatic Ltd., is planned to operate above the weather and
conventional air traffic.
From the news: During
a recent test flight, the PHASA-35 crossed an altitude of more than 66,000
feet, reaching the stratosphere, before landing successfully. The trial,
completed last month in New Mexico, allowed engineers to assess the
experimental solar-electric drone within the edges of the planet’s atmosphere.
"Amprius
is proud to be recognized as a key partner to BAE Systems supporting their
development of the PHASA-35®," said Dr. Kang Sun, Chief Executive Offer of
Amprius. "This ultralight platform provides an alternative and flexible
approach to traditional systems such as satellites or conventionally powered
aircraft. As we develop our next-generation of industry-leading silicon anode
batteries, we look forward to helping BAE Systems and Prismatic further enhance
the capabilities of their PHASA-35 aircraft."
Australian
battery technology company Li-S Energy (ASX:LIS)
announced earlier this year, the development of its first 20-layer battery
cells utilising third-generation (GEN3) semi-solid state lithium sulfur battery
technology.
From the news: Li-S
Energy Chief Executive Officer Dr Lee Finniear is pleased to announce the
development of the company's first 20-layer battery cells utilising
third-generation (GEN3) semi-solid state lithium sulfur battery technology. Key
benefits Li-S Energy’s GEN3 lithium sulfur battery cell include: a 45%
improvement in volumetric energy density, reaching 540Wh/l, higher gravimetric
energy density of over 400Wh/kg and enhanced safety with the use of a low
flammability electrolyte.
From the news:
Compared to current lithium-ion (Li-ion) cells, this performance is nearly
double the gravimetric energy density and a comparable volumetric energy
density. In practical terms, this means Li-S Energy’s battery cells are now the
same size as existing Li-ion batteries — but half the weight.
From the news: The
GEN3 cells take advantage of the company’s patented Boron Nitride Nanotubes
(BNNTs) and Li-nanomesh within the cell construction to reduce dendrite growth
and to further improve safety and cycle life.
From the news: Based
on enquiries to date, the company anticipates GEN3 cells will be of significant
commercial interest to high-value partners in sectors such as drones and
eAviation — in which the company has already established collaboration
partners.
Betting
on hydrogen as an alternative, HevenDrones, a leading drone manufacturer, presented its
hydrogen-powered UAS, the H2D55, at the Modern Day Marine Expo in Washington,
DC, this past June. HevenDrones discussed the paradigm shift its
hydrogen-powered UAV provides as well as additional model configurations in its
hydrogen-powered product line.
From the news: Improvements
in EVTOL technology are creating new defense and security use cases including
logistics in contested environments (point-to-point delivery) and improved
loitering capabilities for both attack and ISR missions.
From the news:
Hydrogen-powered drones are uniquely positioned to significantly improve flight
endurance as well as the logistical challenge associated with lithium batteries
(supply, charge, and life cycle management) whilst also serving as the perfect
use-case for USG hydrogen infrastructure investments in both a military and
commercial context.
From the news: As part
of the company's hydrogen innovation strategy, HevenDrones is working to
develop a hydrogen ecosystem, with a focus on electrolysis, fixed and portable
refueling hubs, advances in regulation and integration within the wider
mobility sector as well as other key hydrogen infrastructural projects at a
military, federal and commercial level. HevenDrones currently has a partnership
with PlugPower (NASDAQ: PLUG), a
major supplier of hydrogen fuel cells designed to replace electric batteries in
vehicles.
According
to Drone Battery Market Growth Report, the global drone battery market growth drivers
include:
• Increasing adoption of drones for
various commercial and military applications, such as aerial photography,
inspection, surveying, and surveillance.
• Advancements in drone technology, leading to
the development of drones with longer flight times and higher payload capacity,
which require more powerful batteries.
• Growing demand for high-performance batteries
with longer lifespan and faster charging capabilities to meet the evolving needs
of drone users.
The demand and overall use
for drones is growing rapidly with applications focusing on everything from
package delivery to military and defense. According to Expertmarketresearch.com, the global drone
package delivery market reached a value of around USD 975.8 million in 2021 and
Amazon.com Inc., Airbus SE, Alphabet Inc., Flytrex Inc., United Parcel Service,
Deutsche Post AG, Zipline International Inc., Wingcopter GmbH, SkyDrop,
(formerly Flirtey) and Matternet, among others, are the key players in the
growing global market for drone package delivery.
The need for better, safer
batteries will grow in response to this demand and the sky is the limit for
battery companies that provide advanced solutions to enable the drones to fly
longer and farther then before.
For investors researching
drone stocks visit our free stock directory at Investorideas.com
https://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp#Drone
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