KULR Signs 5-Year Battery Supply Agreement with Caban Energy, Estimated Revenue of $30M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
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KULR Technology Group was awarded a five-year preferred battery supply agreement from Caban Energy. The agreement, generating an estimated $30M in total revenue to KULR starting 2026, further reinforces KULR's strategy to deliver mission-critical energy-storage technologies across digital infrastructure, communications, aerospace, and defense markets, while expanding U.S.-based manufacturing capacity to support growing customer demand. As part of the agreement, the Company took over Caban's Plano, Texas-based manufacturing assets, strengthening KULR's domestic production footprint and accelerating its expansion into communications, fiber, and data-center energy-storage markets across the United States.
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About KULR
KULR Technology Group, Inc. is a Bitcoin+ Treasury company that builds a portfolio of technology businesses ranging from high-performance energy systems to artificial intelligence (AI) robotics. It delivers energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. Its offering allows delivery of commercial-off-the-shelf and custom energy storage systems. Its segments include Energy Management Platform and Mining of Digital Assets. Its products and solutions include KULR ONE Space Batteries, KULR ONE Air Batteries, Battery Solutions, Thermal Solutions, Testing Solutions and Xero Vibe Fan. It also specializes in the industrial robotics and AI sectors through the distribution of the Exia exoskeleton systems. The Exia is a wearable exoskeleton designed to reduce strain and prevent injuries, especially in the lower back.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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KULR Technology Group Secures 5-Year Battery Supply Agreement with Caban Energy, Expected Revenue of $30 Million
- Strategic Partnership: KULR's five-year battery supply agreement with Caban Energy is expected to generate approximately $30 million in total revenue starting in 2026, marking a significant move into the renewable energy sector.
- Control of Manufacturing Assets: Under the agreement, KULR will take control of Caban's manufacturing assets in Plano, Texas, which not only strengthens its U.S. manufacturing capabilities but also accelerates expansion into the communications and data center energy storage markets.
- Alignment with Market Demand: The agreement aligns with the growing demand for high-performance energy storage systems designed to support backup power for critical network operations, further solidifying KULR's market position in digital infrastructure.
- Strong Stock Performance: KULR shares rose 19.71% to $4.13 on Wednesday, reflecting strong short-term market momentum, with a Benzinga Edge momentum score of 83/100 indicating outperformance relative to the broader market.
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