There are mainly 3 components which dissipate the heat:
- motor
- ESC
- wires
- reduce the thinnest wires (ESC to motor) to a minimum
- increase wire diameter from battery to ESC to a maximum
- have the ESC cooled externally
- have the motor cooled externally
I also installed some additional propeller blades to cover the center of the 40" propeller.
The cooling of the motor was really bad before, as the direct driven motor does not get a good air flow from the 30" or 40" propeller.
With the additional 2 small blades (about 10", from a helicopter), I cover just the center of the propeller. Looks cool (and it is) and should give 500g more of thrust :-)
You can see the ESC (red circle) and the additional blades (green circle). The propeller is still well balanced after the change.