KULR Stock Gains 7% After Licensing Deal for Nuclear Technology in Japan

🗝️ Key Points

• Following the company's announcement of a license deal to develop carbon fiber cathode applications for nuclear reactor systems in Japan, KULR Technology Group (KULR, Financials) climbed 7.5% to $2.38 as of 2:16 p.m.
• Eastern Time on Tuesday.The partnership focuses on small modular reactors and laser-based nuclear fusion technologies using KULR's carbon fiber-based materials.
• The claim is that the technique seeks to guarantee structural stability in nuclear energy applications, increase heat dissipation, and improve safety.KULR said as an alternative to conventional techniques, laser-based fusion devices start fusion reactions using high-powered lasers.

Following the company’s announcement of a license deal to develop carbon fiber cathode applications for nuclear reactor systems in Japan, KULR Technology Group (KULR, Financials) climbed 7.5% to $2.38 as of 2:16 p.m. Eastern Time on Tuesday.

The partnership focuses on small modular reactors and laser-based nuclear fusion technologies using KULR’s carbon fiber-based materials. The claim is that the technique seeks to guarantee structural stability in nuclear energy applications, increase heat dissipation, and improve safety.

KULR said as an alternative to conventional techniques, laser-based fusion devices start fusion reactions using high-powered lasers. Modular and scalable, SMRs are meant to satisfy energy needs with little environmental effect, the business stated.

KULR expertise Group CEO Michael Mo said this license sale expands the company’s carbon fiber expertise into nuclear energy. He said that the partnership would advance nuclear reactor cathode and thermal interface materials.

The firm underlined the worldwide need for power, which the U.S. Department of Energy estimates will increase by 75% by 2050. It also included information from Goldman Sachs, pointing out that artificial intelligence-powered applications might treble data center energy usage, which at 1-2% of world consumption now represents.

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