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☆ Posco-backed group invests in lithium technology startup EnergyX
▼ + stars: | 2023-10-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.

Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South

☆ Part of the secret to Austin's thriving clean-tech startup scene: mentorship
▼ + stars: | 2023-06-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Austin, Texas, is home to a number of clean-tech startups. Austin's clean-tech scene isn't only composed of household names. But why do so many clean tech companies call Austin home? That's poised to help clean-tech companies, according to recruiters, venture capitalists, and those who have shifted to working for green companies. Taylor, who's lived in Austin for 38 years, has been part of the Austin startup scene since 1991.

Persons: —, Rebecca Taylor, Taylor, Austin, HolonIQ, Teague Egan, Larry Fink, Egan, Elon Musk, There's, who's, It's Organizations: Service, Austin Technology, ATI, University of Texas, Motors, EV, Blackrock, Giga, Southwest Festival, Computing, Dell, Apple, Microsoft Locations: Austin, Texas, Washington, Tesla, California, Giga Texas, Round, Taylor

☆ How new lithium extraction technology could help us meet electric vehicle targets
▼ + stars: | 2023-06-05 | by ( Katie Brigham | ) www.cnbc.com time to read: +6 min

Today, most lithium brine mining takes place in the Salar de Atacama, an expansive salt flat in northern Chile that contains the highest quality lithium brine in the world. EnergyXDoing things differentlyIn a world before electric vehicles, traditional methods of brine mining and hard rock mining more than sufficed to meet global lithium demand. It's the brine resources that are large enough to electrify the vehicle industry," Snydacker said. Lilac Solutions is developing a direct lithium extraction facility in Argentina in partnership with Australian lithium company Lake Resources. Lilac Solutions

Persons: Dave Snydacker, DLE, Amit Patwardhan, Robert Mintak, there's, Snydacker, EnergyX, It's Organizations: Lilac Solutions, Solutions, Bay, Resources Locations: Salar, Atacama, Chile, Arkansas, Salt, Argentina, Bolivia, California , Utah, China, Australian

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow new lithium extraction tech could help meet EV targetsA suite of new, but largely unproven, technologies known as direct lithium extraction could revolutionize lithium mining from brine, making it more efficient and sustainable and eliminating the need for large evaporation ponds. A number of companies including EnergyX, Lilac Solutions, and Standard Lithium are entering the DLE market and getting ready for commercial implementation across South America and the U.S., while automakers like BMW, GM and Ford are investing.

Organizations: EV, Solutions, South, BMW, GM, Ford Locations: South America, U.S

Many DLE technologies use lots of potable water and electricity. SQM (SQMA.SN) and Albemarle Corp (ALB.N), Chile's two existing lithium producers, use evaporation ponds to produce the metal. Livent Corp (LTHM.N) uses a variation of DLE technology in Argentina alongside evaporation ponds. Lake Resources is working with Bill Gates-backed Lilac Solutions Inc to deploy Lilac's DLE technology in Argentina. In Chile, DLE companies see a business opportunity despite the nationalization plans given that Boric's new state lithium company is expected to need technical support.

[1/2] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Many teem with lithium, calcium and other minerals, and DLE technologies aim to separate out the lithium and leave the rest. LITHIUM METAL FROM BRINEEnergyX has said its technology can make lithium metal directly from brine, a tantalizing prospect for GM that could let the automaker bypass lithium refining, which is widely seen as a key supply chain bottleneck. The EnergyX investment comes after GM in January agreed to pay $650 million to become the largest shareholder in Lithium Americas Corp (LAC.TO), which is developing the Thacker Pass clay lithium project in Nevada. "This GM investment will completely change the trajectory of EnergyX," said Teague Egan, the startup company's founder and chief executive.

☆ General Motors will lead a $50 million funding round for lithium extraction startup EnergyX
▼ + stars: | 2023-04-11 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

EnergyX demonstrated its technology with a pilot plant in South America's "Lithium Triangle," an area of salt flats covering parts of Argentina, Bolivia and Chile that contains over half of the world's known lithium reserves. General Motors said Tuesday its venture capital arm will lead a $50 million financing round for EnergyX, a Texas-based startup developing a more efficient method to extract and process lithium from salt flats. The process is relatively cheap, but it only recovers 30% to 40% of the total lithium – while using huge amounts of water and land. EnergyX plans to use the new funding to build five larger demonstration plants in North and South America. For GM, a key priority is to unlock a North American supply of lithium, which isn't cost-competitive with global supplies using current extraction methods.

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