KULR Grants Carbon Fiber Cathode License for Nuclear Reactor Application

Core Insights - KULR Technology Group has signed a multi-million-dollar licensing agreement to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan [1][4] Group 1: Licensing Agreement - The licensed carbon fiber cathode solutions are specifically engineered for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity [2] - The license will be applied to laser-based nuclear fusion systems and small modular reactors (SMRs), which are emerging technologies for cost-effective and reliable fusion energy [3] Group 2: Strategic Market Opportunities - This licensing agreement highlights KULR's leadership in carbon fiber-based energy solutions and opens new opportunities for advancements in nuclear technology within Japan and the broader Asian market [4] - KULR aims to contribute to the development of fusion technology to meet increasing global energy demands while addressing climate change [4] Group 3: Industry Context - According to Goldman Sachs, data center energy demand is projected to double by 2030, with nuclear energy becoming increasingly important for hyperscalers to meet rising demands [5] - Global electricity use is projected to rise by as much as 75% by 2050, indicating a significant opportunity for KULR's technology to address these challenges [5] Group 4: Company Overview - KULR Technology Group delivers cutting-edge energy storage solutions for space, aerospace, and defense, leveraging in-house battery design expertise and comprehensive testing capabilities [6] - The company has committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin as part of its treasury program [6]