KULR Technology (NYSE: KULR) stock surged nearly 10% during regular trading on Tuesday after the company secured a $6.7 million grant from the Texas Space Commission. The funding is part of a broader $26 million initiative to advance space exploration and technology in Texas.
The grant will support KULR’s involvement in an ambitious program to develop cold-temperature lithium-ion battery solutions for upcoming Lunar and Martian missions. The initiative is being carried out in close collaboration with NASA Johnson Space Center (JSC) and South 8 Technologies, aiming to deliver scalable, space-rated battery technology essential for the next generation of space exploration.
“This award underscores KULR’s commitment to powering the next era of space exploration with safe, high-performance, and environmentally adaptive KULR ONE Space platform,” said Michael Mo, CEO of KULR Technology Group. “Working alongside visionary partners at NASA JSC and South 8, we’re proud to anchor this Texas-led effort to develop scalable, space-rated battery technology that advances national objectives and commercial innovation.”
As part of the program, KULR will manage the design, testing, and production of lithium-ion cells that use liquefied gas (LiGas) electrolyte developed by South 8 Technologies. These cells will operate at temperatures as low as -60°C, making them ideal for the extreme environments found on the Moon and Mars. They will be integrated into the KULR ONE Space platform, specifically designed for space missions.
KULR’s Webster, TX facility, located just minutes from NASA Johnson Space Center, will serve as the engineering and test hub for the project. The facility will conduct advanced battery safety testing and performance validation to ensure the technology meets the rigorous demands of space exploration. The project supports NASA’s Artemis objectives by reducing heater energy requirements, improving safety margins, and enabling longer-duration operations in deep space environments.
KULR Technology (NYSE: KULR) stock is up by 4.03%, trading at $1.29 pre-market today, and has gained 203.92% over the past year.
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