Op-ed views and opinions expressed are solely those of the author.
Rechargeable lithium-ion (Li-ion) battery technology is everywhere. You use it every day whether you realize it or not. Every time you check your social media on your phone or take your laptop to get some work done at the nearby coffee shop, you’re using lithium battery tech.
Your tablet and your Tesla, if you can afford one, also use lithium batteries. Hoverboards, digital cameras, and that cordless lawn trimmer you’re about to use to keep your dandelions under control all have something in common: They use lithium batteries. Some newer furniture even uses Li-ion batteries so you can recline on your patio with electric ease. A U.S. company called KULR Technology Group (OTCQB: KULR) is becoming a central innovator in the Li-ion battery industry, which is growing rapidly keeping pace with the explosive growth of rechargeable devices.
Lithium battery tech is even on Mars now. NASA’s Perseverance rover is a green energy machine. It traveled to the Red Planet equipped with solar panels to soak up the sun and recharge its lithium batteries so it can hunt for life on our nearest planetary neighbor. For the next two years, if all goes well, lithium batteries will power the robotic explorer and its first-in-history drone copter on another world.
For all their virtues, lithium batteries have a flaw. You’ve probably read about it here and there. When hoverboards first hit the market, they made headlines for fires and flames. So did electric. Lithium batteries hold amazing amounts of electric charge, and they can also generate a great deal of heat. This carries an inherent possibility that poor handling, design flaws, high temperatures, or other issues may lead to them catching on fire. This isn’t a small problem. From 2012-2019, the Consumer Product Safety Committee reports almost 5 million Li-ion battery-based products were recalled.
Lithium batteries need a way to get rid of excess heat so they can function as designed and keep your phone or your kid’s toy going strong.
KULR Technology is built to prevent this from happening. KULR uses proprietary ultra-lightweight and pliable carbon fiber material with superior thermal conductivity and heat dissipation. Dissipating the heat Li-ion batteries generate makes them safer to charge, recharge, and use and reuse.
Technavio expects the Li-ion battery marketplace to grow by about $18 billion over the next three to four years. These batteries will get smaller and appear in even more devices than they currently do, in devices that haven’t even been invented yet. And as more residential power consumers turn to solar power systems for their homes, Li-ion batteries will be installed in attics and garages in homes worldwide, and they’ll be parked in more driveways as well. With all these new devices and installations will come the risks inherent to lithium battery technology. They generate heat and will be installed in places where weather or installation specifications will leave them vulnerable to catching fire.
KULR’s carbon fiber heat sink technology is installed on the Perseverance rover. It survived the harrowing, violent landing sequence and is ensuring that the rover’s life-hunting investigative science instruments have the power they need and are in no danger of their Li-ion batteries overheating, catching fire, and destroying this historic mission. The same heat-disrupting technology that is keeping science in business on Mars will be a key component in Li-ion battery products here at home. From your hand to the hills of Mars, KULR is keeping one of the most important and convenient components of modern life safe.