Breaking Sustainable Aerospace News: KULR (NYSE: $KULR) Signs Service Agreement to Launch KULR ONE Space Battery; @KULRTech

Breaking Sustainable Aerospace News: KULR (NYSE: $KULR) Signs Service Agreement to Launch KULR ONE Space Battery; @KULRTech

 

Houston, TX - December 17, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, proudly announces its plans to launch the KULR ONE Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare mission scheduled for 2026. This mission represents a pivotal milestone in KULR's ongoing commitment to developing safer and higher-performing battery systems tailored for space applications for a space battery market that is expected to grow from $3.9B to $6.35B by 2030 per Virtue Market Research.

 

This pathfinder mission will integrate multiple configurations of the KULR ONE Space (K1S) battery into a 6U SmallSat. A 6U SmallSat is a lightweight satellite with a standardized structure measuring approximately 10 cm x 20 cm x 30 cm, built using durable materials like aluminum or carbon-fiber composites to endure the extreme conditions of space. The K1S battery configurations have been carefully selected to demonstrate cell and pack performance, as well as electronic functionality in orbital environments. This mission will also validate the flight capabilities of the K1S, the first commercial-off-the-shelf (COTS) lithium-ion battery series engineered to fully comply with NASA's JSC 20793 battery safety standard.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2024/12161KULR-ONE-Space-Battery.asp

 

Key highlights of the K1S rideshare mission include:

• Integration of top cells from leading cell manufactures: The K1S variations will feature state-of-the-art 18650 cells delivered by top-tier original equipment manufacturers (OEMs), including LG, Samsung, Amprius, and MOLICEL.
• Utilization of cells strategically selected by NASA: One of the K1S systems incorporated into the mission will be constructed with MOLICEL 18650-M35A cells with associated NASA Initial Lot Assessment (ILA), Lot Acceptance Testing (LAT), and WI-37A Cell Screening, previously referred to by KULR as the "Golden Lot".
• Incorporation of next generation low-temperature cell technology: If feasible, a version of the K1S architecture will include ultra-low-temperature performing cells capable of operating at -60°C without integrated heaters, further demonstrating KULR's innovative advancements.
• Advanced battery management system: The mission will also showcase KULR's newly developed battery management system (BMS) architecture, which provides a COTS solution designed to meet the stringent safety requirements of the 20793 standards.
• Gaining flight heritage for commercialized variations of safe battery architectures: The K1S batteries are engineered with passive propagation resistance and flame-arresting technology, delivering safer and higher-performing systems at a fraction of the cost compared to traditional 20793-compliant batteries. This rideshare mission will provide additional flight heritage to the architectures developed by the KULR team.

 

Dr. William Walker, KULR Chief Technology Officer, and Peter Hughes, KULR Vice President of Engineering, jointly stated, "the upcoming mission will serve as a platform to showcase the exceptional capabilities of KULR's cutting-edge battery solutions, reinforcing the Company's position as a leader in advanced energy technologies for space and aerospace applications. The mission aligns with KULR's ongoing efforts to revolutionize the space industry by offering reliable and high-performance energy solutions that meet the most stringent safety standards, all while reducing costs for customers."

 

"We are excited to bring our KULR ONE Space batteries to orbit on this rideshare mission," said Michael Mo, CEO of KULR Technology Group. "This mission underscores our commitment to providing safer, more efficient, and cost-effective battery solutions for the most demanding environments. With the integration of next-generation cells and our advanced BMS architecture, we are setting a new standard for COTS battery technology in space."

 

For more information, visit www.kulrtechnology.com.

 

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.

 

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com

 

KULR Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on Investorideas.com

 

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Finding Sustainability in Bitcoin Mining – Stocks to watch; (NASDAQ: $AGRI), (NASDAQ: $MARA) (TSX.V: $HIVE.V) (NASDAQ: $HIVE)

 

 

 

 

Finding Sustainability in Bitcoin Mining – Stocks to watch; (NASDAQ: $AGRI), (NASDAQ: $MARA) (TSX.V: $HIVE.V) (NASDAQ: $HIVE)

 

December 16, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource covering water and renewable energy stocks issues a new edition of the Investorideas.com Cleantech Podcast with host Dawn Van Zant, looking at sustainability in bitcoin mining and some of the key players making it happen.

 

Stocks mentioned include. AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), MARA (NASDAQ: MARA) and HIVE Digital Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE).

 

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Read this in full at https://www.investorideas.com/news/2024/cleantech-podcasts/12161Finding-Sustainability-in-Bitcoin-Mining.asp

 

Transcript:

 

As Bitcoin  ( BTC: USD) raced past $105,000 Sunday , miners that show greater profitability and mine in a way  that is sustainable, not  putting more strain on the current grid system will come out as big winners for  investors.

 

On December 3, AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), a leading intellectual property-driven technology company, announced the completion of its acquisition of a bitcoin mining facility in Sturgeon County, Alberta. Acquired for $1.5 million in cash, this cutting-edge facility represents a cornerstone of AgriFORCE's integrated strategy, blending sustainable energy, advanced data operations, and innovative agricultural solutions.

 

The facility, powered by 1.2 MW of natural gas energy, currently supports over 130 bitcoin mining units and has the scalability to accommodate up to 250 units. This capability delivers immediate and long-term revenue streams while advancing environmental sustainability through the use of flare natural gas-powered operations. These efficiencies create additional opportunities for income generation by integrating high-yield agricultural initiatives.

 

Chairman David Welch highlighted the strategic benefits of this acquisition:

“This facility exemplifies our ability to execute on a self-sustaining, scalable business model. By generating revenue from bitcoin mining and seamlessly integrating sustainable agriculture operations, we can offset operational costs and retain the Bitcoin we mine ('HODL'). This positions us to maximize the future value of our assets while maintaining operational efficiency and financial stability. It’s a forward-looking strategy that aligns perfectly with our commitment to innovation, sustainability, and long-term stakeholder value.”

 

Also on December 3^rd,  MARA (NASDAQ: MARA) , a global leader in leveraging digital asset compute to support the energy transformation, announced entering into a definitive agreement to acquire a wind farm in Hansford County, Texas, with 240 MW of interconnection capacity and 114 MW of nameplate wind capacity. This acquisition represents a major step forward in MARA’s objectives to convert underutilized sustainable resources into economic value, achieve near-zero energy cost, and enable broader renewable energy deployment.

 

MARA will develop and operate a behind-the-meter data center powered entirely by the site’s 114 MW of wind capacity at zero-marginal energy cost. By operating a data center at this site, MARA expects to take wind demand off the grid – alleviating grid congestion, enabling renewable energy development, and building local power demand.

 

“This acquisition serves as a blueprint for how the energy and data center sectors can collaborate to create long-term value while advancing sustainability initiatives,” said Fred Thiel, MARA’s Chairman and CEO. “By repurposing machines and energizing them with 100% renewable, zero-marginal energy cost, we’re leveraging renewable resources that would have otherwise been curtailed, reducing our bitcoin production costs through vertical integration, and demonstrating MARA’s commitment to environmental stewardship.”

 

The site will utilize last-generation ASIC mining hardware that would have otherwise been written off or sold into the secondary market. MARA’s approach, called the Advanced ASIC Retirement Initiative, creates a more sustainable and capital-efficient alternative to discarding retired machines, providing an avenue for the hardware to continue operating profitably beyond their normal lifecycle, utilizing wind power that would otherwise have been curtailed.

Also in early December , HIVE Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) a global leader in sustainable blockchain infrastructure, announced a transformative step forward with the acquisition of 8.6  (Exahash) EH/s of Bitmain S21+ Hydros. This purchase will increase HIVE’s Bitcoin mining hashrate to 15 EH/s of high-margin, self-mining capacity by summer 2025. These state-of-the-art miners deliver an industry-leading efficiency of 15 J/TH (joules per terahash) and 319 TH/s per unit, which will be powered by HIVE’s green energy infrastructure in Paraguay.

 

Frank Holmes, Executive Chairman of HIVE, stated: “Once fully deployed, our strategic expansion to 15 (Exahash) EH/s will propel HIVE to over $300 million in annualized revenue and deliver more than $200 million in mining margin, based on current mining economics. At 2% of the Bitcoin network’s total hashrate, we expect to produce approximately 9 Bitcoin per day at the current difficulty level, supporting HIVE's clear vision for scaling our operations while sourcing green hydro energy and driving significant value for shareholders.”

 

HIVE’s initial order comprises 13,480 units, representing 4.3 (Exahash) EH/s of hashrate capacity, scheduled for delivery in April and May 2025. This acquisition was secured at an exceptionally competitive price of $14/TH. (Terahash)

 

Additionally, the Company has a call option to purchase an additional 13,480 units within one year, bringing the potential total order to 26,960 units, or 8.6 EH/s (Exahash) of cutting-edge mining capacity.

 

By Q1 2025, HIVE will achieve a hashrate of 6.4 EH/s (Exahash) following the internal upgrades of its existing 30 J/TH (joules per terahash) fleet and the installation of 11,500 Canaan Avalon units. These upgrades will elevate the Company’s global mining efficiency to 19.5 J/TH (joules per terahash)

 

 Upon full execution and installation of the Bitmain order, HIVE will reach 15 EH/s (Exahash) of global hashrate capacity, with a blended fleet efficiency of 17 J/TH (joules per terahash)

 

HIVE’s CEO and President, Aydin Kilic, commented: “Our primary focus is delivering exceptional ROI for our shareholders. This strategic purchase and deployment of highly efficient 15 J/TH (joules per terahash) miners in Paraguay will significantly enhance our profitability and substantially lower our Bitcoin mining break-even point at current difficulty levels.”

 

Mr. Kilic continued, “With this deployment, we project an ROI of approximately 10 months, taking in to account current hashrate economics of $60/PH (Petahash) per day after accounting for electrical and direct operating costs. This positions HIVE for strong profitability and sustainable long-term growth.”

 

One of the biggest criticisms bitcoin mining receives is the amount of energy it uses, but these companies are getting the message and making sustainability a priority, and other miners are jumping on board.

 

Research bitcoin and crypto stocks with the free stock directory at Investorideas.com

https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp

 

Thanks, that's it for today. Do something good for this beautiful planet each and every day.

 

Host Dawn Van Zant is a female pioneer in the financial markets sitting in every seat as a trader, a broker, IR and PR before finally starting my own site. Van Zant has been featured in interviews in Business Week, CNN Financial TV, CBS Market watch radio and other financial publications online, radio and print, talking about renewable energy, water and homeland defense stocks.

 

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Breaking Cleantech Automotive Stock News: Worksport Ltd. ( $WKSP) Shares Multiple Milestones, Strengthens Market Position as Initial Crypto (BTC and XRP) Investment Nears; @WorksportLtd

 

Breaking Cleantech Automotive Stock News: Worksport Ltd. ( $WKSP) Shares Multiple Milestones, Strengthens Market Position as Initial Crypto (BTC and XRP) Investment Nears; @WorksportLtd

 

Reports 117% Dealer Network Growth, Secures Initial Pre-Orders from Leading Distributors, and Advances BTC/XRP Integration

 

West Seneca, New York - December 13, 2024 (Investorideas.com Newswire) Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today provided a corporate update for December 2024. From accelerated sales, pre-orders, and expanding dealer networks, to establishing a proactive strategy in treasury management by incorporating Bitcoin ("BTC") and Ripple ("XRP"), Worksport is excited to share the latest updates.

 

Driving Growth Through Strategic Initiatives

Worksport's recent success reflects a series of strategic initiatives that have generated meaningful traction and interest. The Company's move to proactively diversify its corporate treasury-allocating up to $5 million in Bitcoin and Ripple, capped at 10% of excess cash-reinforces Worksport's belief in the long-term potential of digital assets as inflation-resistant stores of value. This approach, coupled with the Company's expanding product portfolio and dealer network, has strengthened its foothold in a rapidly evolving market.

 

Paid News dissemination for Worksport Ltd

 

Read this news, featuring WKSP in full at https://www.investorideas.com/news/2024/12131WKSP-Multiple-Milestones.asp

 

"This past week marks an inflection point for Worksport's growth trajectory," said Steven Rossi, Chief Executive Officer of Worksport Ltd. "Our proactive decision to integrate Bitcoin and Ripple into our treasury strategy, coupled with noteworthy sales increases, 117% growth in our dealer network, and encouraging pre-orders volumes of our upcoming AL4 from two leading U.S distributors, reflects our commitment to innovation and long-term value creation. The attention we've received from leading crypto custodians further validates our approach, and we're eager to leverage their expertise to maximize returns on these digital assets by considering unique strategies like crypto staking."

 

Crypto Integration and Industry Recognition

Following the Company's announcement to adopt BTC and XRP in its corporate treasury, notable players in the cryptocurrency sector took notice. Two leading crypto custodians have approached Worksport with their services, and the Company is now evaluating these proposals to ensure secure, compliant custody of its digital asset holdings. As Worksport prepares to engage in initial BTC and XRP purchases, it is also exploring staking opportunities that could potentially enhance treasury returns. Worksport is actively working towards enabling crypto payments for purchases on its e-commerce platform, www.worksport.com.

 

Expanding Sales and Dealer Network

• Sales Growth: In the wake of last week's announcement of a 51% increase in B2C sales and a 60% rise in B2B sales, Worksport is pleased to share that its dealer network has grown by 105% since September 2024. This increase in partners, coupled with the recent boost in brand visibility, positions the Company to further capitalize on robust demand.

• Upcoming Product Launches: The Company's forthcoming AL4 tonneau cover has already secured pre-orders from two leading industry distributors. With the AL4's scheduled launch approaching, Worksport expects to capture greater market share. Following the AL4, the Company will introduce its SOLIS solar tonneau cover and COR mobile power generation system later in 2025, expanding its portfolio of clean-tech innovations designed to meet the growing need for sustainable energy solutions.

 

Enhanced Visibility Through National Television Exposure

Worksport's recent appearance on FOX & Friends on December 8, 2024, showcased its upcoming clean-tech products and American-made tonneau covers to a nationwide audience. This high-profile exposure has generated new peripheral opportunities for brand penetration, and even broader market engagement. The positive reception underscores the Company's potential to convert heightened visibility into tangible growth across its business lines.

 

Key 2024 Press-Releases:

• October 17: Nasdaq Grants Extension To Regain Compliance
• October 17: $2MM+ Projected Savings From New Strategic Initiative
• October 3: Commencing U.S Government Sales
• September 30: Update On ISO Certification
• September 19: Alpha Launch of SOLIS & COR
• September 12: Record High August Sales
• September 11: Worksport COR as an EV Range Extender for Tesla Model 3
• August 14: Record High Revenues; 275% Q2 Growth
• August 1: Impressive SOLIS Solar Cover Test Results
• May 8: Worksport Awarded $2.8MM Grant

Read all Worksport press releases: [Link to All Press Releases].

 

About Worksport

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com

 

Connect with Worksport

Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third party websites, as well as sign up for the Company's newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.

 

Product social media

Instagram
Facebook
YouTube

 

Investor social media

X (formerly Twitter)
LinkedIn
Link to Newsletter

 

Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.

 

The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

 

For additional information, please contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

 

Forward-Looking Statements
The information contained herein may contain "forward looking statements." Forward looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "project," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

 

Worksport acknowledges the inherent risks of investing in cryptocurrency, including market volatility and regulatory uncertainties, and is committed to managing these risks through oversight and diversification strategies. The decision to pursue this investment has been reviewed and approved by the Board of Directors of Worksport and complies with the Company's corporate governance policies.

 

SOURCE: Worksport Ltd.

 

Worksport Ltd. (Nasdaq: WKSP) is a featured renewable energy/automotive stock on Investorideas.com

 

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Disclaimer/Disclosure: Disclosure: Worksport Ltd. (Nasdaq: WKSP) is a paid featured company on Investorideas.com effective  October 18^th 2024 for 2 months. lInvestorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

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