What’s up everyone, the markets are back on their roller coaster ride
but we are still seeing investors getting excited about the ev battery storage sector,
which we have been covering a lot recently. So I have big news updates on 2 of our top
conviction ev battery storage stocks KULR & FREY which are rapidly owning this space.
Investors are beginning to jumpstart battery funding to plug the clean energy gap
as accelerating demand for electrical storage has generated a wave of large-scale ‘gigafactory’
projects. The forecasts of battery demand are prompting the upsurge in the construction of
large-scale gigafactories, with so many gigafactories in the pipeline. Investment
is also pouring in to energy storage companies so much that
in the first nine months of 2021, these companies raised $5.5bn in venture capital
across 59 deals — up from $1.2bn across 91 deals in the same period of 2020. So if you
want to follow the institutional money, you want to make sure you watch this video till the end,
so you don’t miss out on why these two stocks are leading in this space.
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That said, let’s hit the road with our first banger on the list for today is KULR Technology
Group Inc (KULR) which is down on the day by 9% since we recently called it early in December
at $2.80 and it is now sitting at $2.44 with market cap of $255mn. Its share price is down 14%
on the month but with its pipeline of news, I feel KULR could be shifting
into deep value territory here, when you hear what analysts have to say about it.
KULR recently ANNOUNCED LITHIUM-ION BATTERY SAFETY SOLUTIONS FOR MARITIME PASSENGER INDUSTRY.
They announced the release of a passive propagation resistant (“PPR”) solution
in its KULR-Tech Safe Case product family for maritime lithium-ion battery safety. The PPR
solution is critical for the upcoming United States Coast Guard’s new safety requirements
for the passenger vessel industry, and provides additional battery safety options for the cargo,
fishing, and cruise verticals. The Company’s solution prevents cell to cell thermal runaway
propagation and prevents heat, fire, and explosion from exiting the KULR-Tech Safe Case enclosure.
The KULR-Tech Safe Case, based upon successful space-designed solutions for NASA, has been used
on the International Space Station for safely storing laptop lithium-ion batteries since 2019.
And the KULR-Tech Safe Case is one of the Company’s recent product lines
tailored for the commercial lithium-ion battery markets.
By way of this NASA-proven Thermal Runaway Shield technology, KULR is the only company in the world
with a product approved by the United States Department of Transportation for storage and
transport of lithium-ion batteries, that can manage up to a capacity of 2.1 kWh
for recycled, prototype and DDR (damaged, defective and recall) batteries. The Company
looks forward to providing important news about product development partnerships throughout 2022.
KULR CEO Michael Mo commented that they are proud to provide their space-proven thermal solutions
for the maritime passenger industry, with the aligned goal of helping provide a safer and
greener environment for everyone,” They said “The KULR-Tech Safe Case solution may be the
best possible defense against thermal runaway propagation. And they are dedicated to promoting
the interests and well-being of passenger vessel owners and operators, while promoting safety and
a secure maritime operating environment for passengers, crews and the public at-large.”
When asked if KULR is a Good Value stock? Analysts said that the KULR stock is up
100.78% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy.
And according to InvestorsObserver’s proprietary ranking system, KULR has
a score of 76 out of a possible 100. In addition to the average rating from Wall Street analysts,
KULR stock has a mean target price of $5.33. This means analysts expect the stock to add 105.91%
over the next 12 months which is a decent upside from current levels.
Next up to our number 2 stock which is FREYR Battery SA (FREY) which hasn’t
been an exception to the recently market choppiness but it is bouncing back strong,
on the back of a big recent announcement being up 10% on the day with a market cap
of $1.1bn. It is down 14.5% on the month having reached highs of $11.88
but given their outlook and what they’ve got in the tank, I feel the future is bright for Freyr.
Following the formation of 50/50 U.S. joint venture with Koch Strategic Platforms (“KSP”) to
advance next-generation battery cells in the U.S., Gigafactories 1 and 2 planned for 2023,
FREYR was Awarded 31 GWh Inaugural Offtake Agreement with a Leading Global energy
storage systems Provider. They’ve since been building on that with some strong collaboration.
Honeywell and FREYR collaborated to deploy Energy Storage Solutions
via Next-Generation battery cells. They announced that they have signed an agreement where,
Frey will leverage Honeywell’s leading technology offerings, including integrated automation,
field instrumentation and security integration solutions in their manufacturing process.
As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR
from 2023 through 2030 for a multitude of energy storage systems applications.
Through the agreement, Honeywell and FREYR intend to provide smart energy storage solutions
to address the needs of a wide range of commercial and industrial customers alike.
FREYR’s CEO Tom Einar Jensen, commented that Battery storage will play a crucial role
as organizations transition to clean power generation.
“Honeywell is an ideal partner with world class teams, technology and industrial
expertise and their shared commitment to decarbonizing the global energy systems sector
will serve as the foundation for their continued work together. Today’s announcement is also an
important milestone as they advance to a potential first half 2022 Final Investment
Decision (“FID”) on our first Gigafactory in Mo i Rana, Norway, which is all shaping up nicely.
FREYR entered a Joint Venture and with Aleees to Pursue LFP Cathode Manufacturing.
And with Aleees, a producer of lithium iron phosphate (“LFP”) cathode materials
for batteries, they signed a Head of Terms agreement to pursue a Joint
Venture (“JV”) with the ambition to establish an LFP cathode plant in the Nordic region.
The joint venture partners will seek to commence production in 2024, coinciding
with the anticipated ramp-up of operations from FREYR’s first Gigafactory in Mo i Rana, Norway.
The formation of the JV will seek to combine Aleees’ 17 years of experience
in LFP cathode production with FREYR’s strategy of manufacturing decarbonized battery cells at scale
and the FREYR team’s extensive experience in conducting and constructing
complex technical projects in the Nordic region.
The partners will focus on the following priorities, to drive value
in accordance with FREYR’s core strategic tenets of speed, scale, and sustainability:
The proposed facility should be the world’s first giga scale LFP cathode plant outside mainland
China. The JV partners plan to develop an initial 10,000 tonnes of LFP cathode material per year in
the Nordic region by 2024, which is estimated to be sufficient to supply FREYR’s first Gigafactory.
The JV’s secondary ambition is to quickly expand to at least 30,000 tonnes by 2025
using Aleees’ modular LFP plant design.
Freyr’s CEO Tom Einar Jensen, added that “This agreement with Aleees, which calls for the
construction of the first giga scale LFP cathode plant outside mainland China, is another important
step on their journey to localize and decarbonize battery cell production and their supply chains in
the Nordic region, and FREYR and Aleees intend to establish the plant as part of a broader localized
supply chain strategy that will leverage the abundance of cost-advantaged, renewable energy
in the Nordics and the growing availability of raw materials produced in the region.
So some very very interesting and mindblowing prospects ahead for these stocks
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top
stocks in the comments section below and what other stocks are catching your eyes lately.
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