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Wednesday, August 28, 2024

Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Releases New Investor Presentation; @KULRTech

Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Releases New Investor Presentation; @KULRTech

 


HOUSTON, TX, August 28, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today unveiled a new investor presentation on its website at www.kulrtechnology.com. This new presentation provides an overview of the Company and features refreshed and updated information, including:

 

·        Updated list of customers and partners

·        Overview of the Company’s core engineering technology domains with an emphasis on diversified product and service offerings for its various market opportunities

·        Information on KULR's customer engagement model

·        Financial updates and recent operational progress

 

The investor presentation is accessible through the “Presentations” section on KULR’s website.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2024/08281KULR-New-Investor-Presentation.asp

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether because of new information, future events or otherwise.

 

Investor Relations:

KULR Technology Group, Inc.

Phone: 858-866-8478 x 847

Email: ir@kulrtechnology.com

 

KULR Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on Investorideas.com

 

More info on KULR at Investorideas.com Visit: https://www.investorideas.com/CO/KULR/

 

Disclaimer/Disclosure: Disclosure: (NYSE: KULR) is a paid featured company on Investorideas.com effective July 2024 for 3 months. lInvestorideas.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. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. 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/

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Breaking Solar News - SinglePoint (CBOE: $SING) Subsidiary Boston Solar Completes Commercial Solar Installation for Boston Charter School; @_Singlepoint_ @BostonSolarCo

Breaking Solar News - SinglePoint (CBOE: $SING) Subsidiary Boston Solar Completes Commercial Solar Installation for Boston Charter School; @_Singlepoint_ @BostonSolarCo

 

Installation reduces reliance on grid energy and lowers operational costs

 




Boston, Massachusetts - August 28, 2024 (Investorideas.com Newswire) SinglePoint Inc. (CBOE:SING), a leading provider in the renewable energy sector announces subsidiary Boston Solar has completed a significant solar energy project for Excel Academy Charter School's East Boston Campus.

 

The project features two rooftop-mounted systems with a combined capacity of 107.67 kW DC, expected to generate 118,984 kWh in the first year alone. This installation will appreciably reduce the school's reliance on grid energy, strengthening its sustainability efforts while lowering operational costs.

 

Singlepoint CEO, Wil Ralston, commented, "By adopting renewable energy, Excel Academy is taking a proactive step in supporting environmental responsibility, while triggering new solar interest from additional educational institutions in the region. We are grateful for Boston Solar's ascending competitive position as we continue to strengthen our commitment to building long-term shareholder value."

 

Boston Solar President, Michael Morlino, added, "This initiative exemplifies our dedication to supporting local educational institutions in achieving their sustainability objectives while reducing operational costs. When schools can lower their expenses, they can reallocate additional resources to delivering the high-quality education every student deserves."

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of SinglePoint Inc.

 

Read this news, featuring SING in full at https://www.investorideas.com/news/2024/08281SING-Commercial-Solar-Installation-Boston-Charter-School.asp

 

Excel Academy Charter School, founded in 2003, is dedicated to providing a high-quality education to students from East Boston, Chelsea, and nearby communities through an open public lottery. The East Boston campus serves a predominantly low-income and Latinx student body, working to overcome social and educational barriers. By investing in solar energy, Excel Academy not only advances its mission of preparing students for success in high school, college, and beyond but also demonstrates a commitment to creating a more sustainable and equitable future for its community.

 

About Boston Solar

Boston Solar is a subsidiary of SinglePoint Inc. (CBOE: SING). Since its founding in 2011, Boston Solar has installed more than 6,000 residential and commercial solar arrays, powering thousands of homes and businesses in New England, primarily in Massachusetts. The mission of Boston Solar is to provide superior clean energy products, exceptional customer service, and the highest-quality artistry in residential and commercial installations.

 

Boston Solar has accumulated several distinctions of recognition of the company's outstanding triumphs:

  • Honored with Guildmaster Award from GuildQuality, the award acknowledged how Boston Solar demonstrated exceptional customer service within the residential construction industry.
  • Named a Top Solar Contractor by Solar Power World magazine for five consecutive years.
  • Recognized by the Boston Business Journal's "Largest Clean Energy Companies in Massachusetts" list.

 

Boston Solar is a Solar Energy Business Association of New England (SEBANE) member. The company is headquartered at 12 Gill St. Suite - 5650 Woburn, MA 01801. Learn more at: www.bostonsolar.us

 

About SinglePoint Inc.

SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com).

 

Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464

 

Forward-Looking Statements

This news release includes "forward-looking statements". These statements are based upon the current beliefs and expectations of SinglePoint's management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

 

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, the use of proceeds, anticipated growth and future expansion, are forward-looking statements that involve risks and uncertainties.

 

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

SinglePoint (CBOE:SING) is a featured cleantech stock on Investorideas.com

 

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/

 

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Disclaimer/Disclosure: SinglePoint Inc. (CBOE: SING) is a paid featured solar stock on Investor Ideas. More info: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. Contact management and IR of each company directly regarding specific questions. 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

 


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Thursday, August 22, 2024

SinglePoint Inc. a Home-run in Solar - Cleantech Podcast Talks to CEO of SinglePoint Inc. (CBOE: $SING) about Recent News and Developments in Solar; @_Singlepoint_



 

SinglePoint Inc. a Home-run in Solar - Cleantech Podcast Talks to CEO of SinglePoint Inc. (CBOE: $SING) about Recent News and Developments in Solar; @_Singlepoint_

 

August 22, 2024- Investorideas.com, a global news source and leading investor resource covering cleantech stocks issues a new edition of the Cleantech and Climate Change Podcast.   

 

Cali Van Zant talks to Mr. William Ralston, CEO of SinglePoint Inc. (CBOE: SING) about recent news and developments in the company and opportunities in the solar and air purification sectors.

 

Listen to the Podcast:

https://www.spreaker.com/episode/singlepoint-inc-a-home-run-in-solar-interview-with-cboe-sing--61109725

 

Watch the Video on YouTube:



https://youtu.be/K8oiUj9PrVE

 

Listen to the cleantech and climate change podcast on Spotify

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of SinglePoint Inc.

 

Read this news featuring SING in full at https://www.investorideas.com/news/2024/cleantech-podcasts/08221SinglePoint-SING.asp

 


About SinglePoint Inc.

SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com).

 

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

 

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Disclaimer/Disclosure: SinglePoint Inc (CBOE: SING) is a paid for featured company on Investorideas.com 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. Contact management and IR of each company directly regarding specific questions. 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/

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Wednesday, August 21, 2024

Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Changes Designation of Principal Executive Office to Texas, Announces Leadership Transition; @KULRTech

Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Changes Designation of Principal Executive Office to Texas, Announces Leadership Transition; @KULRTech

 

 

SAN DIEGO,CA - August 21, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, announced today the mutually agreed upon resignation of Keith Cochran as President and Chief Operating Officer, effective August 20, 2024. KULR has re-allocated the oversight of its day-to-day operations among its executive level management, headed by Chief Executive Officer, Michael Mo.

 

"On behalf of the Board and rest of the Company, I want to thank Keith for his years of service to the Company," said Michael Mo. "We are appreciative of Keith's expertise and leadership throughout his tenure as President and Chief Operating Officer and wish him well in his future endeavors."

 

KULR's Board believes the new leadership structure fully aligns with the Company's accelerated strategic shift to Webster, Texas, which the Company has designated as its principal executive office. While Webster is already the Company's largest office, its San Diego location will continue to be a critical innovation hub.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2024/08211KULR-Leadership-Transition.asp

 

About KULR Technology Group, Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit 
www.kulrtechnology.com.

 

Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether because of new information, future events or otherwise.

 

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

 

KULR Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on Investorideas.com

 

More info on KULR at Investorideas.com Visit: https://www.investorideas.com/CO/KULR/

 

Disclaimer/Disclosure: Disclosure: (NYSE: KULR) is a paid featured company on Investorideas.com effective July 2024 for 3 months. lInvestorideas.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. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. 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/

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Stocks to Watch for the Electric Aviation Revolution; (NYSE American: $KULR) (NYSE: $TXT) (NYSE: $GE) (NASDAQ: $LILM)

Stocks to Watch for the Electric Aviation Revolution; (NYSE American: $KULR) (NYSE: $TXT) (NYSE: $GE) (NASDAQ: $LILM)

 

Other Stocks Mentioned: (NYSE: $OKLO) (NYSE: $AMPX) (NYSE: $CAE) (NASDAQ: $META) (NASDAQ: $NVDA) (NASDAQ: $NNE)

 


August 21, 2024 - Investorideas.com, a go-to investing platform covering renewable energy stocks releases a snapshot on recent news and developments in electric aviation, featuring KULR Technology Group, Inc (NYSE American:KULR), a global leader in safe and high-performance energy storage solutions.

 

According to ReportPrime.com, “The Aircraft Electrification market faces several challenges that could hinder its growth, including high development and certification costs, limited battery technology, and insufficient charging infrastructure. Additionally, regulatory hurdles and concerns over the safety and reliability of electric systems in aviation play significant roles. However, there are promising growth areas and emerging opportunities in this sector. Advances in battery technologies, such as solid-state batteries and hybrid-electric systems, could enhance aircraft performance and range. The demand for greener aviation solutions, driven by environmental regulations and public scrutiny, is also fostering innovation.”

 

KULR Technology Group, Inc (NYSE American:KULR) has been advancing battery safety and performance in multiple markets for years and now has its eye on addressing this critical issue in the electric aviation market.

 

KULR just announced it has been selected for a pivotal battery pack reference design project by Amprius Technologies (NYSE:AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform. The final reference design will provide Amprius’ customers with a solution to address thermal runaway at the battery pack level that leverages KULR’s advanced energy management platform, KULR ONE Design Solutions, with Amprius’ high-energy Silicon Anode pouch cells to meet the rigorous thermal qualification standards set by the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA), ensuring the highest levels of safety and performance. This partnership is set to push the boundaries of next-generation battery technology, with a focus on the burgeoning advanced air mobility (AAM) market.

 

The integration of all lithium-ion battery technology into Advanced Air Mobility (AAM) presents significant challenges, particularly due to the risks of cell thermal runaway. To address these concerns, the FAA and EASA have established stringent design regulations to mitigate the risks associated with using lithium-ion battery packs in electric manned applications. The partnership between Amprius and KULR is designed to meet these strict safety standards and accelerate the adoption of Amprius’ high-performance cells in the AAM sector, where their technology is uniquely positioned to excel.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.

 

Read this article featuring KULR in full at https://www.investorideas.com/news/2024/renewable-energy/08211Electric-Aviation.asp

 

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."

 

A Comprehensive Approach to Design and Testing
The project will be executed in four phases, beginning with extensive data collection and design concept delivery. Subsequent phases will include detailed thermal modeling, propagation prevention response (PPR) design, and rigorous testing to ensure compliance with the highest safety standards. This systematic approach will enable the development of a robust and scalable battery solution tailored to the needs of various applications within the e-aviation sector and beyond.

 

A Commitment to Market Expansion
This collaboration underscores KULR and Amprius' commitment to expanding into growing markets by providing innovative solutions that address the critical needs of safety and performance in energy-dense battery systems. The partnership is poised to play a pivotal role in the evolution of battery technology, particularly in the electric aviation market, where the demand for lightweight, high-performance energy storage solutions is rapidly increasing.

 

Precision Business Insights estimates the global electric aircraft market to reach USD $13.55 billion by 2030, growing at a CAGR of 7.62% during the forecast period of 2024 to 2030.

 

KULR previously announced other contracts in the electric aviation industry. In April, KULR unveiled a commitment exceeding $1 million with H55 Inc. (“H55”), a pioneer and global leader in electric propulsion. H55 will employ KULR’s unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc. (NYSE:CAE). According to the agreement, the initial delivery phase began in Q1 2024. Embedding KULR’s TRS into H55’s Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols. H55 harnesses KULR’s innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density. EASA recently approved the H55 EPS solution, paving the way for the critical compliance demonstration phase of their certification program (https://h55.ch/news/).

 

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 During their recent earnings call, KULR's CEO talked about 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.

 

Pipistrel, a Textron Inc. (NYSE:TXT) company, announced earlier this year that the Federal Aviation Administration (FAA) has granted a light-sport aircraft (LSA) airworthiness exemption for the Pipistrel Velis Electro, opening up flight training in an electric aircraft within the United States.

 

The FAA exemption allows US flight schools to use the electric aircraft within their flight training programs. The Velis Electro offers a lower-cost and more sustainable learning platform for student pilots to acquire flying skills and go from zero flight experience to eventually flying solo, while giving them early experience on next-generation power systems.

 

Kriya Shortt, President and CEO of Textron’s eAviation segment says, “This is a great day for flight training organizations and aspiring pilots. With this exemption, the cost-barrier to pursuing primary flight training can be substantially reduced. We are thankful to the FAA for its support in bringing more opportunities for electric aviation to the United States.”


Addressing the need for better battery technology 
in a recent KMUW article, Textron said, "Battery technology needs to continue to mature because … there is a weight component to that," said Textron eAviation's Shortt. "And we do have to be able to have a useful load that makes … commercial viability of the product.

 

"So not only do you have to be able to carry what you need to carry, or want to carry, and go the duration that you want to because you can't just pull over to the side of the road and charge."

 

Continued: Current battery capacity limits how far electric aircraft can fly and how much they can carry. Pipistrel, which has about 300 employees at facilities in Slovenia and Italy, makes the Velus, a two-seat electric plane. But its range is only about 50 minutes between charges.

 

GE Aerospace (NYSE:GE) said in news in June that they are developing a hybrid electric demonstrator engine with NASA that will embed electric motor/generators in a high-bypass commercial turbofan to supplement power during different phases of operation.

 

This includes modifying a Passport engine with hybrid electric components for testing through NASA’s Hybrid Thermally Efficient Core (HyTEC) project. It’s one of several efforts GE Aerospace has underway to mature technologies for more electric aircraft engines and is being advanced as part of the CFM International Revolutionary Innovation for Sustainable Engines (RISE)* program.

 

Continued: Embedded electric motor/generators will optimize engine performance by creating a system that can work with or without energy storage like batteries. This could help accelerate the introduction of hybrid electric technologies for commercial aviation prior to energy storage solutions being fully matured.

 

“Together with NASA, GE Aerospace is doing critical research and development that could help make hybrid electric commercial flight possible,” said Arjan Hegeman, General Manager of Future of Flight Technologies at GE Aerospace.

 

Initial component-level testing of electric motor/generators and power electronics has been completed for the HyTEC Turbofan Engine Power Extraction Demonstration. Systems testing took place at GE Aerospace’s EPISCenter in Dayton, Ohio. Additionally, a baseline test of the Passport engine to characterize performance before hybrid electric components are added was completed at the company’s Peebles Test Operation, also in Ohio.

 

Results of the hybrid electric component and baseline engine tests are being used to evaluate and update models in preparation for a ground test.

 

“We’re advancing state-of-the-art propulsion systems for next generation commercial aircraft with an important aim — to drive industry efforts to improve efficiency and reduce emissions compared to today’s aircraft engines,” Hegeman said.

 

NASA recently awarded GE Aerospace a contract for Phase 2 of the HyTEC project to continue developing technologies for an aircraft engine core demonstrator test later this decade. Phase 2 builds on work completed in Phase 1 of HyTEC for high-pressure compressor and high-pressure turbine advanced aerodynamics, as well as the combustor.

 

Looking at the future demand and possibilities of electric aviation, “A landmark international survey has revealed the scale of pent up demand for clean aviation, with 65 per cent of consumers across the four countries calling for change.”

 

Continued: In a unique poll of 4,000 people across the US, UK, France, and Germany, two-thirds (65%) of consumers said that it is time for air travel to become sustainable.

 

The figures, unveiled by Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), also reflect wide excitement about the prospect of new forms of transport.

 

Polled on a series of innovative travel methods, 60% said they would try electric aviation, while 61% specifically said they would like to try eVTOL aircraft such as the Lilium Jet, with demand strongest in Germany (64%).

 

The research also revealed widespread concern over the impact on traditional aviation – 73% said they were concerned about its contribution to pollution, with the proportion highest in Germany (76%), and similarly backed by two-thirds (67%) of consumers in the US.

 

Revolutions in traditional markets represent opportunity for investors willing to bet on innovation. As KULR Technology Group, Inc (NYSE American: KULRpointed out in its recent news, “the global electric aircraft market to reach USD $13.55 billion by 2030, growing at a CAGR of 7.62% during the forecast period of 2024 to 2030.”

 

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