Putting Out those Battery Fires

Lithium-ion batteries are the future of energy

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Putting Out those Battery Fires

Over the last decade, a surge in lithium-ion battery production has led to a decline in prices. This advancement makes electric vehicles and energy storage commercially viable for the first time in history!

One aspect of these innovative batteries seldom discussed is the susceptibility to overheating that leads to fires and explosions. In order for battery technology to advance, safety will be an integral component.

This company is a pioneer in thermal (cooling) management technology. Its ultra-lightweight and flexible product lines can be used in most power or electronic configurations to combat safety risks.

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The lithium-ion battery space is a multi-billion dollar arena that the world heavily relies on for laptops, phones, electric vehicles, and space technology. According to Grandview Research, the global lithium battery market size was valued at 323.9 billion in 2019. It is expected to grow at a compounded annual growth rate of 13% through 2027.

By mitigating the threats of fire and explosion, this company is well-positioned to capitalize on significant market opportunities. It offers thermal management solutions for electric vehicles, cloud computing, 5G communication technologies, and energy storage. 

In October the Consumer Product Safety Commission reported that the company’s design solutions could stop fires and explosions of lithium-ion battery packs.

Who uses it? This company has been in a long-standing collaboration with NASA. It has more than 30 contracts with the agency and also has dealt with the Department of Transportation, U.S. Air Force, and other government agencies. 

The company’s thermal management products provided protection to vital components in NASA’s Perseverance Rover! If this company can be trusted to protect a multi-billion dollar space project, its chances for business success on earth are good!

The company is positioned to maximize multiple revenue-generating opportunities through a diversified product mix. 

Lithium-ion batteries are the future of energy. The security around the risk of fire and explosion is a priority for the industry. The products this company is developing are not luxury items, but a necessity for the advancement of this technology.

To find out more about the company and its exciting line of products, click here


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Dear Wallstreet

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