Investorideas.com newswire, breaking water news

Thursday, June 15, 2023

#Cleantech and #ClimateChange #Podcast – #EV #stocks on the move; is Cleantech the New #AI for #Investors?



#Cleantech and #ClimateChange #Podcast – #EV #stocks on the move; is Cleantech the New #AI for #Investors?

 

(NYSE: $NIO) (NASDAQ: $NKLA) (NYSE: $XPEV) (NASDAQ: $MULN)

 

Vancouver, Kelowna, Delta, BC ,June 15, 2023- Investorideas.com, a global news source and leading investor resource covering cleantech stocks issues a new edition of the Cleantech and Climate Change Podcast     

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/061523-Cleantech.mp3

 

Read this in full at https://www.investorideas.com/news/2023/cleantech-podcasts/06151NIO-MKLA-XPEV-MULN.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Cleantech stocks have had a good week with big moves in fuel cell and hydrogen stocks but the EV players that had once been the darlings of cleantech have had some great gains this week. What does that mean for cleantech investors?  Maybe the trend will become our friend…

 

EV manufacturer NIo (NYSE: NIO) is currently trading at $9.81 up $.76 or 8.34% today but more importantly has had a big week for shareholder, up over 25%.  Bloomberg reported that Electric-vehicle maker Nio Inc. slashed starting prices on all of its models in China by 30,000 yuan ($4,200), days after reporting a worse-than-expected quarterly loss.

 

Electric truck maker Nikola (NASDAQ:NKLA) is trading at $1.4019, up $0.3219 or 29.8056% today, gaining 100% for the week. 

 

Chinese EV maker XPeng Inc. (NYSE: XPEV) is trading at $11.69, up $0.89, gaining 8.29%.

In May 2023, XPENG delivered 7,506 Smart EVs. The delivery volume of the P7i has experienced a substantial increase compared to the previous month. The Company will further accelerate deliveries of the P7i in June, with the goal of rapidly bringing customers this popular new model that features outstanding style and design aesthetics and distinguishing smart features.

 

Mullen Automotive (NASDAQ: MULN) is trading up today at. $2494, up $0.0244 or 10.8444%. The Company issued a shareholder letter stating: “We want to respond to the many emails and calls regarding the decrease in our share price. Since March 31, 2023, our stock has declined 90% from $3.25 per share. On June 13, 2023, the Company’s common stock closed at $0.32 per share.”

 

For investors back on the EV electric train, not sure how long the ride will last but it’s all green ahead for now.

 

Visit Investorideas list of cleantech stocks including EV stocks

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

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


If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Amazon, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, and most audio platforms available.

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

 

Disclaimer/Disclosure: Investorideas.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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure 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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

Tuesday, June 13, 2023

#Cleantech and #ClimateChange #Podcast - Ballard Power Systems (NASDAQ: $BLDP) (TSX: $BLDP.TO) #Stock Pops on plan to reduce the costs and scale production capacity of next generation #graphite bipolar plates



 

 

 

#Cleantech and #ClimateChange #Podcast - Ballard Power Systems (NASDAQ: $BLDP) (TSX: $BLDP.TO) #Stock Pops on plan to reduce the costs and scale production capacity of next generation #graphite bipolar plates

 

#FuelCell/#Hydrogen #stocks to Watch (NASDAQ: $PLUG) (NASDAQ: $FCEL)

 

Vancouver, Kelowna, Delta, BC ,June 13, 2023- Investorideas.com, a global news source and leading investor resource covering cleantech stocks issues a new edition of the Cleantech and Climate Change Podcast     

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/061323-Cleantech.mp3

 

Read this in full at https://www.investorideas.com/news/2023/cleantech-podcasts/06131BLDP-PLUG-FCEL.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Fuel cell stock Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) had a great day in the market yesterday gaining over 14 % on news of its plan  to materially reduce the costs and scale production capacity of next generation, proprietary graphite bipolar plates, including the introduction of disruptive manufacturing technology.

 

According to the news ,” This project is the logical progression after Ballard completed two important milestones – the development of next generation, thin flexible graphite bipolar plates, and an expansion of membrane electrode assembly (MEA) manufacturing capacity in Canada as part of Ballard's "3 by 3" stack cost reduction program. Bipolar plates are the next largest cost item in a fuel cell stack after MEAs, and Ballard expects the implementation of this project, including next generation plate manufacturing processes and the introduction of new lower cost material suppliers, to result in cost savings of up to 70%, following commissioning expected in late 2025.

 

Ballard's next generation, thin flexible graphite bipolar plates significantly reduce plate materials while enabling high power density stacks, which are critical for certain market applications. Graphite bipolar plates are the optimal choice for Ballard's heavy-duty mobility markets as they offer long durability, re-usability at stack end-of-life, and high power density, while also offering the lowest plate cost at current and scaled volumes.

 

Beyond product cost savings, the project will increase Ballard's plate manufacturing capacity by approximately 10 times while significantly improving graphite and resin material yield and reducing production takt times. Ballard has also developed several novel manufacturing processes that enable full automation of the bipolar plate production processes, resulting in substantially improved quality throughput, reduced energy demand, and the elimination of water consumption from plate manufacturing. These innovations are expected to be replicable in any future expansion of Ballard's global bipolar plate production footprint.”

 

Riding the sector wave, FuelCell Energy, Inc. (NASDAQ:FCEL) closed at $2.6000, up $0.2700, gaining 11.59%. Plug Power Inc. (NASDAQ: PLUG) closed at $10.37, up $1.20, jumping  13.09%.

 

Visit Investorideas list of hydrogen and fuel cell stocks

https://www.investorideas.com/FCCN/Stock_List.asp

 

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


If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Amazon, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, and most audio platforms available.

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

 

Disclaimer/Disclosure: Investorideas.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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure 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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411 



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#Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech @Amerresources @canoo @LucidMotors

#Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech  @Amerresources @canoo @LucidMotors

 

Vancouver, Kelowna, Delta, BC – June 13, 2023  - Investorideas.com, a leading investor news resource covering defense, energy and battery stocks releases a news report on the evolution of  safer and more efficient battery options featuring KULR Technology Group, Inc(NYSE:KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy.

 

Read this article, featuring KULR in full at: https://www.investorideas.com/news/2023/defense/06131Battery-Innovators.asp

 

According to a June 5th post on the Department of Defense website, “Deputy Defense Secretary Kathleen H. Hicks has made clear a healthy battery supply chain is essential for military capabilities and national security — and when it comes to batteries, "America needs to lead the world." Batteries are a vital and dynamic sector at the center of national efforts to deliver effective battlefield operations, secure critical defense supply chains and ensure America's clean energy future. The Defense Department depends on batteries to communicate, operate autonomous vehicles, power directed energy weapons and electrify warfighting platforms.”

 

KULR Technology Group, Inc. (NYSE: KULR), with a long history in defense, issued a shareholder letter last week with Chief Executive Officer Michael Mo sharing key milestones and insight into the Company’s future in the battery market.

 

Excerpts: “It is a privilege to write to you as the CEO of KULR Technology Group .Over the last two years, we have worked very hard to transform KULR from a niche component supplier to NASA and the Department of Defense, to a company with multiple energy management platforms powering the electrification economy.”

 

“In 2Q 2023, we signed contracts with customers representing more revenue than we have signed in any quarter since our founding. KULR has also laid the foundation, with new products, an expanding customer base, and growing customer demand for continued significant growth. Our demanding customers continue to validate the competitive advantages of our product suite.”

 

“At CES this past January, we launched our KULR ONE Platform, which includes the KULR ONE Design Solutions ("K1DS") platform and KULR ONE battery module. K1DS consists of both products and services. On the services side, we work with clients to design, test, prototype, and achieve necessary certifications in order to bring their products to market.”

 

“With respect to K1DS, our goal is to shorten the cycle time from initial design to readiness for manufacturing for production to under one year. As more customers come to us at the initial stages of their battery design/development cycle, we can reduce timelines by utilizing K1DS. We believe that we are achieving this with the US Army battery pack, having already started the design phase in April 2023, and being on schedule to achieve manufacturing readiness by April 2024.”

 

“We recently announced receiving a $1.13 million contract from the US Army to develop a safe, high-energy battery storage platform using next generation silicon anode lithium-ion cells. We also recently received an order from the US military to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.”

 

From the May 4th news: "We are proud to support military operational readiness with advanced next-generation energy storage platforms," said KULR CEO Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled leading aerospace, electronics, and energy storage manufactures to develop lighter, safer, and more thermally efficient products. Now, by developing next generation high-energy silicon anode battery packs into smaller and lighter power sources for deployed applications, we can implement measures that enhance the capabilities and resilience of soldiers in the field. We are very excited to help solve the difficult problems facing operational preparedness for the U.S. Armed Forces and its allies.”

 

Shareholder letter continued: “Another question, I am asked often is around the size of the market and KULR’s potential within it. McKinsey estimates the global lithium battery market to be approximately $400 billion by 2030. KULR operates within the approximately $200 billion portion of the market that includes battery cells, battery packs, and recycling. Some estimates have the battery recycling market alone to reach approximately $23 billion by 2030. “

 

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, recently announced that it has signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

 

From the news: American Lithium Energy ships the world's highest energy density silicon-based lithium-ion batteries with industry best safety and zero-volt stability. ALE's patented technologies eliminate the need for trade-offs between energy density, lifecycle, and safety, and ALE's products are able to deliver all three benefits. ALE's patented lithium battery safety technologies generate extremely high-power, high-energy-density lithium cells. ALE's customers include: Department of Defense, Department of Energy, and several US defense primes for over several years.

 

In February, The Defense Innovation Unit awarded Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, a contract to supply battery modules for analysis and demonstration. This award supports the U.S. Department of Defense focus to incorporate scalable and adaptable capabilities in tactical environments.

 

From the news: “We are proud to be selected by the DoD and to contribute to our country's global defense technology leadership.”

 

From the news: "We are very proud to be selected by the Department of Defense and to contribute to our country's global defense technology leadership. This award is another example of our focus and commitment to innovation. We've worked hard and continue to develop our patented technologies and ability to deliver flexible, on demand energy solutions that are multi-purpose capable, to serve America's interests and its allies around the world," said Tony Aquila, Chairman & CEO at Canoo.  

 

From the news: Canoo's proprietary battery system is modular to support different vehicle configurations and engineered to provide industry leading energy density. The system is designed to be flexible and compatible with cells from leading battery providers and engineered to evolve with changes in cell size and chemistry as the industry matures, scales and reduces costs.


According to 
Torquenews, “ Lucid  (NASDAQ:LCID) will develop battery modules for the Department of Defense to test towards the electrification of military platforms along with Canoo, GM Defense and two other companies that are yet to be named.

 

Continued: The contracts charge Lucid and Canoo with developing batteries that can be standardized across a range of military applications. In return, the companies will receive research funding and the revenue that comes with having one of the world's largest militaries as a customer.

 

Continued: Lucid's Role The contracts aim to reduce or eliminate barriers standing between the commercial sector and the military. Lucid is tasked with developing a version of its high-voltage battery systems specifically for EV tactical military vehicles

 

The opportunity is laid out in a June 5th post on the Department of Defense website. “Budget and strategy are also aligned in this critical mission. The President's recently released FY 2024 defense budget request makes critical investments into revitalizing the defense industrial base, driving innovation, and building enduring advantages. The budget request invests approximately $6 billion in fostering industrial base resilience, including long-term investments in five defense-critical sectors in alignment with E.O.14017, including $125 million in battery and energy storage.”

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - 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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 

 

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Monday, June 12, 2023

The #Defense Industry’s Role in the #Battery #Market and the Innovators to Watch (NYSE: $KULR) (NASDAQ:$AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech @Amerresources @canoo @LucidMotors

 

The #Defense Industry’s Role in the #Battery #Market and the Innovators to Watch (NYSE: $KULR) (NASDAQ:$AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech  @Amerresources @canoo @LucidMotors

 


Vancouver, Kelowna, Delta, BC – June 12, 2023  - Investorideas.com, a leading investor news resource covering defense, energy and battery stocks releases a news report on the evolution of  safer and more efficient battery options featuring KULR Technology Group, Inc(NYSE:KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy.

 

Read this article, featuring KULR in full at: https://www.investorideas.com/news/2023/defense/06121Battery-Market.asp

 

According to a June 5th post on the Department of Defense website, “Deputy Defense Secretary Kathleen H. Hicks has made clear a healthy battery supply chain is essential for military capabilities and national security — and when it comes to batteries, "America needs to lead the world." Batteries are a vital and dynamic sector at the center of national efforts to deliver effective battlefield operations, secure critical defense supply chains and ensure America's clean energy future. The Defense Department depends on batteries to communicate, operate autonomous vehicles, power directed energy weapons and electrify warfighting platforms.”

 

KULR Technology Group, Inc. (NYSE: KULR), with a long history in defense, issued a shareholder letter last week with Chief Executive Officer Michael Mo sharing key milestones and insight into the Company’s future in the battery market.

 

Excerpts: “It is a privilege to write to you as the CEO of KULR Technology Group .Over the last two years, we have worked very hard to transform KULR from a niche component supplier to NASA and the Department of Defense, to a company with multiple energy management platforms powering the electrification economy.”

 

“In 2Q 2023, we signed contracts with customers representing more revenue than we have signed in any quarter since our founding. KULR has also laid the foundation, with new products, an expanding customer base, and growing customer demand for continued significant growth.

Our demanding customers continue to validate the competitive advantages of our product suite.”

 

“At CES this past January, we launched our KULR ONE Platform, which includes the KULR ONE

Design Solutions ("K1DS") platform and KULR ONE battery module. K1DS consists of both products and services. On the services side, we work with clients to design, test, prototype, and achieve necessary certifications in order to bring their products to market.”

 

“With respect to K1DS, our goal is to shorten the cycle time from initial design to readiness for manufacturing for production to under one year. As more customers come to us at the initial stages of their battery design/development cycle, we can reduce timelines by utilizing K1DS.

We believe that we are achieving this with the US Army battery pack, having already started the design phase in April 2023, and being on schedule to achieve manufacturing readiness by April 2024.”

 

“We recently announced receiving a $1.13 million contract from the US Army to develop a safe, high-energy battery storage platform using next generation silicon anode lithium-ion cells. We also recently received an order from the US military to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.”

 

From the May 4th news: "We are proud to support military operational readiness with advanced next-generation energy storage platforms," said KULR CEO Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled leading aerospace, electronics, and energy storage manufactures to develop lighter, safer, and more thermally efficient products. Now, by developing next generation high-energy silicon anode battery packs into smaller and lighter power sources for deployed applications, we can implement measures that enhance the capabilities and resilience of soldiers in the field. We are very excited to help solve the difficult problems facing operational preparedness for the U.S. Armed Forces and its allies.”

 

Shareholder letter continued: “Another question, I am asked often is around the size of the market and KULR’s potential within it. McKinsey estimates the global lithium battery market to be approximately $400 billion by 2030. KULR operates within the approximately $200 billion portion of the market that includes battery cells, battery packs, and recycling. Some estimates have the battery recycling market alone to reach approximately $23 billion by 2030. “

 

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, recently announced that it has signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

 

From the news: American Lithium Energy ships the world's highest energy density silicon-based lithium-ion batteries with industry best safety and zero-volt stability. ALE's patented technologies eliminate the need for trade-offs between energy density, lifecycle, and safety, and ALE's products are able to deliver all three benefits. ALE's patented lithium battery safety technologies generate extremely high-power, high-energy-density lithium cells. ALE's customers include: Department of Defense, Department of Energy, and several US defense primes for over several years.

 

In February, The Defense Innovation Unit awarded Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, a contract to supply battery modules for analysis and demonstration. This award supports the U.S. Department of Defense focus to incorporate scalable and adaptable capabilities in tactical environments.

 

From the news: “We are proud to be selected by the DoD and to contribute to our country's global defense technology leadership.”

 

From the news: "We are very proud to be selected by the Department of Defense and to contribute to our country's global defense technology leadership. This award is another example of our focus and commitment to innovation. We've worked hard and continue to develop our patented technologies and ability to deliver flexible, on demand energy solutions that are multi-purpose capable, to serve America's interests and its allies around the world," said Tony Aquila, Chairman & CEO at Canoo.  

 

From the news: Canoo's proprietary battery system is modular to support different vehicle configurations and engineered to provide industry leading energy density. The system is designed to be flexible and compatible with cells from leading battery providers and engineered to evolve with changes in cell size and chemistry as the industry matures, scales and reduces costs.


According to 
Torquenews, “ Lucid  (NASDAQ:LCID) will develop battery modules for the Department of Defense to test towards the electrification of military platforms along with Canoo, GM Defense and two other companies that are yet to be named.

 

Continued: The contracts charge Lucid and Canoo with developing batteries that can be standardized across a range of military applications. In return, the companies will receive research funding and the revenue that comes with having one of the world's largest militaries as a customer.

 

Continued: Lucid's Role The contracts aim to reduce or eliminate barriers standing between the commercial sector and the military. Lucid is tasked with developing a version of its high-voltage battery systems specifically for EV tactical military vehicles

 

The opportunity is laid out in a June 5th post on the Department of Defense website. “Budget and strategy are also aligned in this critical mission. The President's recently released FY 2024 defense budget request makes critical investments into revitalizing the defense industrial base, driving innovation, and building enduring advantages. The budget request invests approximately $6 billion in fostering industrial base resilience, including long-term investments in five defense-critical sectors in alignment with E.O.14017, including $125 million in battery and energy storage.”

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - 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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 



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