KULR Awarded $6.7M by Texas Space Commission to Advance Cold-Temperature KULR ONE Space Battery Platform

Rhea-AI Summary

KULR Technology Group (NYSE: KULR) has secured a $6.7 million award from the Texas Space Commission, part of a larger $26 million grant program aimed at enhancing Texas' space technology leadership. The funding supports KULR's development of cold-temperature lithium-ion battery solutions for future Lunar and Martian missions.

The project, conducted in partnership with NASA Johnson Space Center and South 8 Technologies, focuses on creating space-rated battery technology using liquefied gas (LiGas) electrolyte. The batteries will operate at temperatures as low as -60°C and integrate into the KULR ONE Space platform.

KULR's Webster, TX facility, located near NASA JSC, will serve as the engineering and testing center for the initiative. The project supports NASA's Artemis objectives by reducing heater energy requirements, improving safety margins, and enabling extended operations in deep space environments.

Positive

• Secured significant $6.7M government funding
• Strategic partnership with NASA Johnson Space Center
• Development of innovative cold-temperature battery technology
• Alignment with NASA's Artemis program objectives

Negative

• None.

Insights

Financial Analyst

KULR's $6.7M space grant provides significant non-dilutive capital and strategic positioning in the high-value space sector.

The $6.7 million award to KULR from the Texas Space Commission represents a substantial financial boost for a company with a $370 million market capitalization. This grant delivers non-dilutive capital equivalent to approximately 1.8% of KULR's market value, providing R&D funding without shareholder dilution.

The financial significance extends beyond the immediate capital injection. Working alongside NASA Johnson Space Center creates powerful validation for KULR's technology in the space sector—a market with extremely high barriers to entry. This collaboration positions KULR in the growing space economy with potential for follow-on contracts.

Strategically, KULR's Webster facility's proximity to NASA JSC creates operational efficiencies that should streamline development and testing processes. The focus on the KULR ONE Space platform, specifically engineered for extreme environments, aligns with the company's core technological strengths while addressing a critical need in space power systems.

This funding targets development of cold-temperature batteries that solve significant power challenges in lunar and Martian missions—potentially creating a specialized product line with the premium margins typically associated with space-rated components.

Space Technology Expert

KULR's cold-temperature battery technology addresses a critical power limitation in lunar exploration, with applications beyond NASA.

The Texas Space Commission award focuses on a pivotal technological challenge: developing batteries that function efficiently in extreme cold without excessive power-draining heating elements. KULR's development of lithium-ion cells operating down to -60°C directly addresses one of space exploration's most significant energy constraints.

Current lunar missions rely heavily on battery heating systems that consume substantial power just to keep energy storage systems operational. By integrating South 8's liquefied gas electrolyte technology into their KULR ONE Space platform, the company is targeting a fundamental redesign of space power architecture that could significantly extend mission durations and capabilities.

This technology aligns perfectly with NASA's Artemis program requirements for lunar surface operations, where temperatures can plunge below -100°C during lunar nights. The reduced heater energy requirements explicitly mentioned in the article would translate to more power available for scientific instruments and mission objectives.

Beyond government applications, this cold-temperature battery technology has potential applications in commercial satellite systems operating in eclipse periods and private lunar initiatives. The Webster facility's role as the engineering and test hub positions KULR to control critical safety validation processes—a key advantage in the risk-averse space sector where reliability requirements are exceptionally stringent.

HOUSTON, April 22, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, announced today that it has been awarded $6,703,500 by the Texas Space Commission as part of a $26 million grant award focused on strengthening Texas’ leadership in space exploration and technology. The announcement was made public by the Commission and covered by SpaceNews.

KULR’s selection supports its role in an ambitious program to develop cold-temperature lithium-ion battery solutions for the next generation of Lunar and Martian missions. The initiative is being carried out in close collaboration with NASA Johnson Space Center (JSC) and in partnership with South 8 Technologies, aligning public, private, and academic stakeholders to deliver scalable, space-rated battery technology.

“This award underscores KULR’s commitment to powering the next era of space exploration with safe, high-performance, and environmentally adaptive KULR ONE Space platform,” said Michael Mo, CEO of KULR Technology Group. “Working alongside visionary partners at NASA JSC and South 8, we’re proud to anchor this Texas-led effort to develop scalable, space-rated battery technology that advances national objectives and commercial innovation.”

Throughout the program, KULR will manage the design, testing, and production of lithium-ion cells using liquefied gas (LiGas) electrolyte from South 8 Technologies. These cells will operate down to -60°C and be integrated into the KULR ONE Space platform, optimized for extreme environments encountered during lunar and Martian missions.

Located just minutes from NASA Johnson Space Center, KULR’s Webster, TX facility will serve as the engineering and test hub for this effort, performing advanced battery safety testing and performance validation. The project aligns with NASA’s Artemis objectives by reducing heater energy requirements, improving safety margins, and enabling longer-duration operations in deep space environments.

For more information about KULR Technology Group and its advanced energy solutions, please visit www.kulr.ai.

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 the 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. On December 4, 2024, KULR announced that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin. For more information, please visit www.kulr.ai.

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

FAQ

What is the value and purpose of KULR's Texas Space Commission grant award?

KULR received $6.7 million to develop cold-temperature lithium-ion battery solutions for Lunar and Martian missions, as part of a $26 million Texas Space Commission grant program.

How will KULR's battery technology benefit space missions?

The technology will operate at temperatures down to -60°C, reduce heater energy requirements, improve safety margins, and enable longer-duration operations in deep space environments.

Who are KULR's partners in the space battery development project?

KULR is collaborating with NASA Johnson Space Center (JSC) and South 8 Technologies to develop the space-rated battery technology.

What specific technology will KULR develop with the grant funding?

KULR will develop lithium-ion cells using liquefied gas (LiGas) electrolyte from South 8 Technologies, integrated into the KULR ONE Space platform for extreme environments.