KULR Commercializes Battery Safety Technology for Volta Energy Products
CAMPBELL, Calif., July 16, 2020 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (“KULR”), a leading developer of thermal management technologies for batteries and electronics announced today that they have reached an agreement with Volta Energy Products, Inc. (“Volta”), a Buffalo, New York-based company and wholly owned subsidiary of Viridi Parente, Inc. that manufactures and designs cutting edge Whispertech™ storage systems engineered for safety and power for residential, institutional, commercial, and industrial applications, to provide its passive propagation resistant (PPR) technology. KULR’s technology will be implemented into stationary energy storage modules from the grid intended for both immediate backup in case of power outages and supplemental energy during peak demand.
KULR has developed its PPR design solution in partnership with NASA to prevent cell to cell thermal runaway propagation and to inhibit the fire and ejecta of a single cell from exiting the battery enclosure. KULR is deploying this technology for the global energy storage market forecasted to be $546B by 2035, according to Lux Research. KULR currently works with NASA’s Marshall Space Center and NASA’s Ames Research Center on satellite battery designs to meet the NASA JSC 20793 Revision D safety standard for crewed space missions. KULR continues to expand its space-proven technology to mass markets such as energy storage and electric transportation.
“Volta is a leader in providing high-energy capacity energy storage solutions to industrial and mobility markets. KULR is excited to work with Volta to provide the safest regulatory-compliant battery solution in the market. Technologies that promote battery safety are of great importance for utility and industrial energy storage industries and is a primary focus for KULR. We provide the safest, most cost-effectiv energy storage technologies capable of preventing battery fires and the release of explosive, toxic gases that arise from such incidents,” said Michael Mo, CEO of KULR.
“In order to truly impact climate change through renewable energy solutions, energy storage will continue to grow as a means to enhance demand profiles at the point of use; enhancing performance and safety is paramount to ensuring that storage gains its rightful place in maintaining an efficient electric system. The coordination between KULR and Volta is a substantial step toward achieving these goals,” said Dennis Elsenbeck, President of Viridi Parente.
Public safety concerns have grown against the backdrop of large-scale energy storage deployments and recent incidents regarding those deployments. However, not all large-scale energy storage deployments are made the same, and KULR is working with companies like Volta to revolutionize this industry and safely power our communities.
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