Vancouver, British Columbia - January 15, 2025 - KULR Technology Group, Inc. (NYSE American: KULR) has signed a multi-million-dollar licensing agreement with a new technology partner to develop advanced carbon fiber cathode applications for nuclear reactor systems in Japan.
The licensed carbon fiber cathode solutions are engineered for critical use in nuclear reactors, enhancing safety, heat dissipation, and structural integrity. These technologies will be applied to laser-based nuclear fusion systems and small modular reactors (SMRs), which are emerging as cost-effective energy solutions.
Michael Mo, CEO of KULR, stated, "This licensing agreement represents a significant milestone for KULR as we expand the applications of our carbon fiber technologies into the nuclear energy sector." The collaboration aims to address the increasing energy demands driven by the growth of AI and high-performance computing.
As global electricity demand is projected to rise significantly, KULR's innovations are positioned to play a crucial role in meeting these challenges. Goldman Sachs forecasts that data center energy demand will double by 2030, further emphasizing the need for sustainable energy solutions.