(MENAFN- financial News Media) Driving Innovation in Battery technology – The joint effort will explore innovative methods to enhance battery safety and maximize energy density at the pack level. By integrating KULR's advanced thermal management solutions with Amprius' high-energy and high-power lithium-ion batteries and cutting-edge silicon anode technology, the partnership aims to deliver a battery system that is not only safe but also exceptionally high-performance.
“KULR's proven expertise in thermal management and energy storage solutions makes them an ideal partner for this project,” said Jon Bornstein, President of Amprius Technologies Lab.“By combining Amprius' advanced silicon anode battery technology with KULR's innovative approach to safety and performance, we are setting a new standard in the advanced air mobility segment. This partnership accelerates our ability to meet the stringent requirements of the electric aviation industry while simultaneously pushing forward the evolution of battery technology with a focus on safety, efficiency, and market expansion.” CONTINUED... Read this entire press release and more news for KULR at:
In addition to its battery technologies, KULR has a long history of serving the aviation industry with its KULR VIBE technology which eliminates vibration for helicopters and drones. Last week during they earnings call, KULR's CEO was very excited how KULR VIBE serves the computer server market for Facebook (NASDAQ: META) and Nvidia (NASDAQ: NVDA) with better cooling technology by removing vibration in the server's fans. KULR VIBE can reduce energy use and cool the hot AI processing chips more efficiently, which has dramatically increased energy demand for companies like NNE NANO Nuclear Energy Inc. (NASDAQ: NNE) and Oslo Inc. (NYSE: OKLO), which is backed by Sam Altman of OpenAI.
In other developments in the markets of note:
NVIDIA Corporation (NASDAQ: NVDA) recently announced major advancements to Universal Scene Description, or OpenUSD, that will expand adoption of the universal 3D data interchange framework to robotics, industrial design and engineering, and accelerate developers' abilities to build highly accurate virtual worlds for the next evolution of AI.
Through new OpenUSD-based generative AI and NVIDIA-accelerated development frameworks built on the NVIDIA OmniverseTM platform, more industries can now develop applications for visualizing industrial design and engineering projects, and for simulating environments to build the next wave of physical AI and robots.
Meta Platforms, Inc. (NASDAQ: META) recently reported financial results for the quarter ended June 30, 2024. “We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” said Mark Zuckerberg, Meta founder and CEO.“We've released the first frontier-level open source AI model, we continue to see good traction with our Ray-Ban Meta AI glasses, and we're driving good growth across our apps.”
NANO Nuclear Energy Inc. (NASDAQ: NNE), a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, recently announced that it has signed a Memorandum of Understanding (MOU) with the Rwanda Atomic Energy Board (RAEB).
The MOU establishes a framework under which NANO Nuclear work alongside the RAEB to facilitate the introduction and eventual integration of small modular reactors (SMRs) and microreactors, like 'ZEUS' and 'ODIN', NANO Nuclear's next generation microreactors in development, throughout the Republic of Rwanda. NANO Nuclear will also be responsible for enabling the development of the country's entire ecosystem of nuclear energy systems. This includes providing technical assistance, training and educational programs to develop Rwanda's technical expertise in the nuclear energy industry.
Oklo Inc. (NYSE: OKLO), a fast fission clean power technology and nuclear fuel recycling company, recently announced a key strategic development in its supply chain management by signing a Preferred Supplier Agreement with Siemens Energy for the power conversion system of the Aurora powerhouse. This agreement underscores Oklo's ambitions to bring cost-efficient advanced fission technology to market. Building on a previously signed Memorandum of Understanding, this binding agreement marks a crucial step in Oklo's vision to enhance production scalability, cost efficiency, and rapid deployment to meet growing customer demand.
Siemens Energy is a supplier of steam turbine and generator technology – rotating equipment that is part of the conventional island in small and large nuclear generation plants. Siemens Energy will supply the power conversion and supporting systems, fostering efficiencies through economies of scale. Standardizing equipment across Oklo's powerhouses is expected to result in cost savings in manufacturing, construction, operations, and maintenance. Utilizing shared spare parts across deployment is expected to reduce maintenance downtime, enhance reliability, and improve overall performance.
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