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The US Department of Energy released an analysis estimating how much lithium is under the Salton Sea. Salton Sea has the potential to produce an estimated 375 million lithium batteries for electric vehicles — more than the total number of vehicles currently on US roads, according to the analysis commissioned by the Department of Energy. It's the most comprehensive analysis to date quantifying the domestic lithium resources in California's Salton Sea region. AdvertisementIf the Salton Sea lithium can be extracted, it could give the US the ability to produce domestically sourced lithium, ending the nation's dependence on rival countries for a supply of the metal. AdvertisementThe state of California is also leaning into the development of lithium extraction in the Salton Sea.
Persons: DOE's Lawrence, Biden's, Jeff Marootian, George Rose, Gavin Newsom, Thacker Organizations: US Department of Energy, Service, Department of Energy, DOE's Lawrence Berkeley National Laboratory, Berkshire Hathaway Energy, DOE, California State, California Gov, US Fish and Wildlife Service Locations: Nevada's Thacker, Salton, Niland , California, California, Saudi Arabia, Nevada, In Nevada, Esmeralda County
Battery recycling company Li-Cycle said Monday it's secured a conditional $375 million loan from the Department of Energy to develop a recycling facility for key battery materials near Rochester, New York. The Rochester facility will significantly expand Li-Cycle's reach. "I think of course we need both primary, meaning mine sources, and secondary…every unit counts of lithium, nickel, cobalt. I think with the overlay of the IRA and the overlay of the corporate targets around sourcing for these materials, recycling is going to be very important." Li-Cycle said it expects the loan to close during the second quarter, with the company planning to initiate commissioning of the Rochester facility late this year.
Lithium company Ioneer said Friday that it's secured a conditional commitment for a loan of up to $700 million from the Department of Energy as the U.S. seeks to develop new supply chains for materials that are critical to the energy transition. Ioneer is developing the Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada. When fully operational, the site will produce enough lithium for 400,000 electric vehicles, the company said, while also producing boron. Ioneer's loan from the Department of Energy hinges on several conditions, including that the company receives all of the necessary permits. If approved, the loan, made under the Department of Energy's Advanced Technology Vehicles Manufacturing program, will be for Ioneer's on-site lithium processing facility.
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