Menu

Post image 1
Post image 2
1 / 2
0

The World Needs More Lithium. This Company Cracked the Code to Better Extraction, and They’re Quickly Scaling Into Commercial Production.

Benzinga·Benzinga Contributors·18 days ago
#D8wA9HK4
Reading 0:00
15s threshold

What do electric vehicles, energy storage systems, and your smartphone have in common? All of their batteries use lithium, a naturally-occurring metal that’s seeing growing demand from manufacturers around the world.  Unlike other natural resources, the challenge in meeting this multi-billion dollar demand isn’t finding enough of it —it’s the 16th most-common element found in the Earth’s crust—but the extraction process. Traditional methods take up to 18 months and only recover 30% of lithium found in salt lakes or other minerals. EnergyX not only developed a better extraction process that recovers three-time the amount of lithium in a fraction of the time, they’ve also partnered with top industry leaders to put them in a position to become a global leader in the energy storage market, expected to reach $546B by 2035.  They’re backed by General Motors, and recently received a $5 million grant from the U.S. Department of Energy to extract lithium from geothermal brines.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More