KULR Space Proven Technology Reshaping Batteries of Tomorrow – MENAFN.COM

KULR Space Proven Technology Reshaping Batteries of Tomorrow – MENAFN.COM

As the globe continues to place emphasis on humanitarian efforts towards the development of innovative, sustainable green energy, lithium-ion batteries have emerged as a primary solution to the way energy is stored and used. When considering the significance that batteries hold on current society, one mustn't look far to understand that almost every single aspect of our daily lives is run by a battery. From smartphones to electric cars, computers to the International Space Station, lithium-ion batteries have allowed technology to exist in new and exciting ways that benefit both civilization and the future of our planet. Lithium-ion batteries have surged in popularity due to its outstanding ability to increase energy density while decreasing overall size and weight, allowing electrical devices to operate at a higher level of efficiency while being more compact and user-friendly. The energy density of traditional lead acid batteries can range anywhere from 30-50 watt-hour per kilogram, whereas the energy density of a lithium-ion battery ranges between 50-260 watt hour per kilogram. With continuous technological advancements being made in combination with a tremendous increase in demand, the global lithium-ion battery market is expected to reach in excess of $116 billion USD by 2030, of which over