KULR Technology Group has confirmed a five‑year preferred battery supply agreement with Caban Energy, a renewable‑energy technology company based in Miami.
The partnership is expected to generate around $30 million in revenue for KULR from 2026 and supports the company’s wider strategy to deliver high‑reliability energy‑storage systems across digital infrastructure, aerospace, defence and communications markets. It also marks a further step in strengthening its US manufacturing base to meet rising customer demand.
The company’s move deeper into lithium‑based battery solutions for digital infrastructure and telecoms reflects the growing importance of dependable energy storage in maintaining critical network operations. In telecom settings, batteries act as the first safeguard against power disruption, helping to maintain service continuity, reduce outages, and support emergency communications. By adding telecom‑specific battery technologies to its offering, KULR is positioning itself to meet the needs of operators rolling out 5G networks and planning long‑term capacity growth.
A key element of the agreement includes KULR taking over Caban’s manufacturing assets in Plano, Texas. This acquisition expands KULR’s domestic production capabilities and accelerates its reach into communications, fiber and data‑centre energy‑storage markets across the US.
“This supplier award and the addition of manufacturing assets are timely and important steps as we continue to scale into fast‑growing global markets,” said Michael Mo, chief executive officer of KULR Technology Group. “By centralising and integrating these capabilities into our US manufacturing operations, we expect to increase development and production throughput and deliver high‑reliability energy systems at the scale required by our customers.”
