$1m deal for thermal protection in electric aircraft
Kulr in the US has signed a $1m deal with H55 in Switzerland for thermal protection material for electric aircraft.
Swiss developer H55 will use the Kulr Thermal Runaway Shield (TRS) in its electric aircraft propulsion systems for companies such as Pratt & Whitney and CAE, with shipments of the material starting this quarter.
Embedding TRS into H55’s Electrical Propulsion System (EPS) is critical for aligning with the European Union Aviation Safety Agency (EASA) safety protocols. The TRS enables systems that adhere to stringent safety measures while retaining efficiency and energy density. EASA recently approved the H55 EPS solution, paving the way for the critical compliance demonstration phase of their certification programme.
According to a recent forecast, the global hybrid electric aircraft market is estimated to grow from $1.2bn in 2023 to $13.2 billion by 2030, at a CAGR of 41.6% from 2023 to 2030.
“Working with H55 epitomizes our commitment to setting new standards for safety in electric aviation. With H55, we reinforce our role in addressing the escalating compliance requisites from regulatory bodies such as EASA and the FAA. Our goal is to ensure our technology not only fulfills but also anticipates the evolving safety needs of the electric aviation sector,” said Michael Mo, CEO of Kulr.
“Tightening the relationship with Kulr has marked a transformative step for us. The TRS technology has enabled us to push the safety norms and position H55 as a global leader. We are equipped to offer products that defy the rigorous requirements of EASA while preserving the high calibre and compactness our clients rely on,” said Martin Larose, CEO of H55.
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