KULR Designs for Small Modular Nuclear Fusion Reactors
20 Novembre 2024 - 2:30PM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a provider of advanced thermal
management solutions, today announced the development of its
proprietary carbon fiber designed custom cathodes in small modular
reactors (SMRs) for a prominent nuclear fusion company. As global
demand for sustainable energy grows in response to an increased
focus on nuclear from hyperscalers aiming to keep up with the
rising energy demands of data centers related to the AI boom,
KULR’s innovations are contributing to the increasing buildout of
abundant, clean energy sources.
Nuclear fusion, often regarded as the "holy grail" of clean
energy, offers the promise of unlimited energy production free from
fossil fuels, with a low environmental impact compared to
conventional nuclear fission. By working with leading nuclear
fusion companies, KULR aims to advance the possibilities of fusion
technology to meet the energy demands of tomorrow while addressing
climate change.
According to Goldman Sachs, data center energy demand currently
represents 1-2% of global demand and is set to double by 2030
largely driven by demand for AI powered applications.
The custom cathodes designed by KULR will be implemented in a
laser-based nuclear fusion system for small modular reactors, an
emerging technology with the potential to deliver affordable,
reliable nuclear fusion energy. Laser-based fusion is a rapidly
advancing approach that utilizes high-powered lasers to initiate
fusion reactions, offering a promising alternative to traditional
fusion methods.
The Company’s proprietary carbon fiber cathode, designed
initially for aerospace and defense applications, has proven
capabilities in harsh environments. This innovative material was
developed alongside related technologies which are utilized in
aerospace and missile systems, including the Mars Rover. The same
high-performance standards that enable success in space missions
are now being applied to energy platforms on Earth.
“KULR’s expertise in space-proven engineering uniquely positions
us to support mission-critical energy solutions,” KULR CEO Michael
Mo added. “By applying our advanced materials to nuclear fusion, we
are taking meaningful steps toward addressing the United States’
critical energy needs and advancing its broader goals of energy
security and sustainability".
This new application of KULR’s technology in laser-based nuclear
fusion for small modular reactors reinforces the company’s
leadership in the energy management space, as well as its
commitment to advancing the global energy transition. With this
engagement, KULR continues to demonstrate how innovative
engineering can play a pivotal role in shaping a cleaner, more
sustainable future.
About KULR Technology Group Inc.KULR Technology
Group Inc. (NYSE American: KULR) delivers cutting edge energy
storage solutions for space, aerospace, and defense by leveraging a
foundation of in-house battery design expertise, comprehensive cell
and battery testing suite, and battery fabrication and production
capabilities. The Company’s holistic offering allows delivery of
commercial-off-the-shelf and custom next generation energy storage
systems in rapid timelines for a fraction of the cost compared to
traditional programs. For more information, please
visit www.kulrtechnology.com.
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Investor Relations:KULR Technology Group,
Inc.Phone: 858-866-8478 x 847Email: ir@kulrtechnology.com
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