Stocks to Watch in
the Evolution of Batteries - (NYSE American: $KULR) (Nasdaq: $ENVX) (NYSE: $SES)
(NYSE: $QS) @KULRTech @EnovixBatteries @ses_ai @QuantumScapeCo
May
1, 2024- Investorideas.com, a
go-to investing platform covering battery stocks releases a news report
drilling down on developments for better batteries, featuring KULR Technology Group, Inc. (NYSE American: KULR),
a leading energy management platform company offering proven solutions that
play a critical role in accelerating the electrification of the circular
economy.
Read this article,
featuring KULR in full at https://www.investorideas.com/news/2024/renewable-energy/05011Evolution-of-Batteries.asp
For
investors that use the ‘Follow the Money’ strategy, the big guys are betting
that silicon will address some of the limitations of lithium batteries the
industry is facing.
According
to a recent article on CNBC,
“Porsche, Mercedes and GM are betting on silicon-anode batteries. Batteries
made with silicon instead of graphite - the commonly used material in battery
anodes today - have been shown to enable significantly higher energy density
and faster charging.”
But
that is not the only path of innovation for safer and more efficient batteries.
From using AI to make battery technology more efficient, and collaborations
with other battery leaders, the battery race is leading us into space with
companies like KULR Technology Group, Inc.
(NYSE American: KULR) .
For
investors following some of the smaller innovators in the space, the following
is a news snapshot of recent developments:
KULR Technology Group, Inc. (NYSE American: KULR) just announced a
leap forward in battery technology tailored for defense and space applications
as KULR Technology Group (NYSE: KULR) and Amprius Technologies (NYSE: AMPX)
officially announce their strategic partnership. This collaboration heralds the
integration of Amprius' innovative high performance cylindrical cell into KULR
ONE Space and Guardian battery architectures, renowned for their high
reliability and robust safety protection, for aerospace and military
applications. At the heart of this partnership is Amprius' silicon-anode SA10
cells, which are set to provide a tactical edge through superior energy density
and discharge capability. The incorporation of these cells into KULR ONE Space
& Guardian reference designs will ensure a propagation-resistant structure,
equipped with the necessary safety measures to meet stringent specifications
for defense and space operations.
From the news: KULR Technology Group is poised to
incorporate these cutting-edge cells into forthcoming standard battery models
like the BB 2590 and into commercialized variations of the KULR ONE Space 100
to 400 Wh variations, harnessing our NASA-certified screening practices, or
similar, to bolster safety. This crucial step meets a fundamental requirement
for battery packs destined for crewed space flights, in compliance with the
NASA JSC 20793 standard and for next generation military battery packs required
to satisfy extensive environmental testing requirements such as MIL-STD-810H.
Working jointly with Amprius and NASA, KULR is committed to securing the
essential approvals for the SA10's use in battery packs for these vital
missions and applications.
A recent collaborative report by the World Economic Forum and consultancy firm McKinsey &
Company highlights the potential of the global space economy to address major
industry and societal issues. The report forecasts that by 2035 the sector’s
valuation could reach $1.8 trillion, putting it on par with the influential
semiconductor industry. The study envisions space technologies becoming as
integral to daily life as semiconductors are currently, driven primarily by
advancements in communications positioning, navigation and timing, and Earth
observation services.
Continued: KULR CEO
Michael Mo remarked, "The innovation encapsulated within the SA10 cell,
and the agility demonstrated by Amprius, align seamlessly with our commitment
to serving high reliability sectors. This is an ideal strategic partnership for
our KULR ONE platform utilizing their high energy density cell. Together, we
are positioned to exceed the expectations of our mission-critical customers.”
Amprius Technologies’ CEO Dr. Kang Sun praised
the alliance, stating, "KULR's unwavering dedication to safety and
innovation, coupled with their ability to rapidly produce prototypes, is
indispensable. KULR’s adoption of Amprius’ industry-leading cell based on the
SiCore™ product line not only allows us to enter new markets with cutting-edge
technology, but it also propels ongoing development for future demands."
This strategic partnership sets a new standard
for battery solutions in high-stakes environments, reflecting both companies'
visions for a safer, more efficient future. The integration of Amprius' SA10
cells into KULR's battery packs is poised to revolutionize the landscape of
power sources for the defense and aerospace sectors, offering unprecedented
reliability and safety.
Enovix
Corporation (Nasdaq: ENVX), a
global high-performance battery company, recently announced it
completed Factory Acceptance Testing (“FAT”) for its Gen2 Agility Line and is
on track to produce first silicon battery samples from Fab2 in the second
quarter of 2024.
From the news: “I’m
proud to announce the team has completed our rigorous FAT process for all
machines that make up our Agility Line,” said Ajay Marathe, Chief Operating
Officer at Enovix. “SAT is also well underway. Both FAT and SAT processes
ensure that we only place machines into service that meet our specifications
for throughput, yield and machine uptime. I’m extremely pleased with the
results so far. We’re on track to produce our first EX-1M samples for mobile
and IoT customers in Q2.”
Continued: Enovix
patented manufacturing process uses dozens of machines to produce battery cells
with a unique architecture that enables the use of a 100% active silicon anode
for higher energy density.
“I’m
incredibly proud of the hard work from the entire operations team to get us to
this major milestone on our Journey to Scale,” said Dr. Raj Talluri, President
and CEO of Enovix. “In just 100 days, the team built a worldclass factory,
putting us on the path to produce first samples of our silicon batteries from
Fab2 this quarter.”
SES
AI (NYSE: SES) (is the first battery company in the world to
accelerate its pace of innovation by utilizing superintelligent AI across the
spectrum of its business, from research and development; materials sourcing;
cell design; engineering and manufacturing; to battery health and safety
monitoring.
SES
AI recently announced that it
signed an agreement to enter the next phase of its existing joint development
agreement ("JDA") with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia
Corporation ("Kia") to start developing B samples.
As
part of the agreement with Hyundai Motor and Kia, SES AI will build a dedicated
B-sample cell development, assembly and testing facility in Ui-Wang, South
Korea starting later this year, and SES AI will build and operate one of the
largest capacity Li-Metal lines in the world within this new facility. This
collaboration is the first of its kind in the Li-Metal battery industry and
represents an important milestone in achieving commercial production.
The
expansion of the relationship with Hyundai Motor and Kia means that SES AI is
the first Li-Metal battery company in the world to have two B-sample
development JDAs underway. SES AI previously announced its first B-sample JDA
with another major automaker in December 2023. In addition to these two
B-sample lines, SES AI is also converting another A-sample line to produce
Urban Air Mobility (UAM) battery cells.
With a mission to transform energy storage,
QuantumScape Corporation (NYSE: QS), a leader
in next-generation solid-state lithium-metal battery technology, today
announced it started customer shipments of Alpha-2 prototype battery cells,
fulfilling a goal for 2024.
From the news: Alpha-2
prototypes are a significant milestone on the roadmap to deliver QSE-5,
QuantumScape’s first planned commercial product. QuantumScape entered the
automotive qualification process in December 2022 after shipping A0 prototypes
to customers. Alpha-2 prototypes integrate many of the company’s significant
component improvements made over the last year. The six-layer Alpha-2 prototype
is more energy-dense than the earlier 24-layer A0 prototype. This is primarily
due to higher-loading cathodes (i.e., packed with more active material) and
more efficient packaging that optimizes the materials and space within the
cell. The packaging improvements include tighter internal margins, thinner
current collectors, and a slimmer design, all of which are integral to the
final product.
Continued: As an
intermediate step between the A0 and the QSE-5 B0 prototypes planned for later
this year, Alpha-2 cells feature the main functionality of the QSE-5 and are an
opportunity for customers to test key performance parameters and
prototype-level reliability. While Alpha-2 prototypes are being tested in
customer labs, QuantumScape is working to integrate those component-level
improvements into the planned QSE-5 cells, which will consist of 24 layers and
use electrolyte-separators produced using the faster Raptor equipment and
process.
"The Alpha-2 shipments represent an
important milestone on our path to commercialization," said Dr. Siva
Sivaram, President and CEO of QuantumScape. "Customer feedback is the most
critical input in the product development cycle as it provides insight into
areas that need improvement and strengthens collaboration. The faster we can
get new product iterations into customers’ hands, the faster we get to
production. We are very encouraged by the initial Alpha-2 performance results
and excited about the first QSE-5 cells we expect to manufacture later this
year."
For investors following the battery evolution,
it is an electrifying journey with more to come!
Research battery stocks at
Investorideas.com
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