#Drones and the Quest for Better #Batteries- #Stocks
to watch (NYSE: $KULR) (NYSE: $AMPX) (NASDAQ: $PLUG) (ASX: LIS) @KULRTech @AmpriusInc @LiS_Energy @PlugPowerInc
Vancouver,
Kelowna, Delta, BC – August 15, 2023 - Investorideas.com, a leading
investor news resource covering defense, drones and battery stocks releases a
special news report on the demand for better batteries within the drone
industry, featuring KULR Technology Group, Inc. (NYSE:KULR), a leading energy
management platform company that recently partnered with a world leading
provider of Drone-Powered Package Delivery Services to develop high-capacity
lithium battery packs.
Read this article
featuring KULR in full at https://www.investorideas.com/news/2023/renewable-energy/08151Drone-Stocks-Better-Batteries.asp
According to the latest study on
"Global Drone Battery Market Growth Report, the market was valued at
US$ 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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