Join daily news updates from CleanTechnica on e-mail. Or follow us on Google News!
AUSTIN, Texas — Power Exploration Applied sciences Inc. (EnergyX) has introduced a significant lithium challenge in North America, Mission Lonestar Lithium. The challenge goals to solidify EnergyX’s place as a pacesetter within the world vitality transition and bid to assist safe the US battery provide chain.
That is the second main lithium challenge announcement for EnergyX, who in 2023 acquired 90,000 acres of lithium mining concessions in Chile, the second largest lithium producing nation on the earth, and launched Project Black Giant. In the identical yr, the US Division of Power chosen EnergyX for a $5 million grant, with a $5 million firm match, to construct an illustration plant to supply lithium hydroxide from geothermal brines in the USA. This plant units the muse for Mission Lonestar Lithium.
Mission Lonestar Lithium, positioned within the “Ark-La-Tex” area, can have a goal lithium manufacturing of 5,000 tons/yr in Part 1, and 25,000 tons/yr in Part 2. At present, the biggest energetic lithium plant within the US produces 5,000 tons/yr, underscoring the huge potential of Mission Lonestar to ramp up US lithium manufacturing. Earlier in 2023, EnergyX closed its Sequence B financing from strategic institutional companions together with Common Motors and POSCO, who’ve first rights to parts of EnergyX’s lithium manufacturing offtake.
As EnergyX has been steadily transferring in direction of commercialization, the corporate has additionally partnered with world-renowned Engineering, Procurement and Development (EPC) Accomplice, Kiewet, to undertake the preliminary entrance finish engineering plans of Mission Lonestar, and to assist improve the scalability and effectivity of EnergyX’s suite of LiTAS™ DLE lithium applied sciences.
EnergyX CEO Teague Egan commented on the challenge, saying “Project Lonestar Lithium will take us one step closer to securing the US battery supply chain.” Teague continued, “This has been a long time in the making, and we still have a long way to go, but it is crucial that US-based companies really focus on developing domestic resources to reduce our reliance on external, offshore suppliers for critical elements like lithium. With incredible government and project partner support, we are excited as Project Lonestar takes shape.”
About EnergyX
Based in 2018, EnergyX is targeted on offering environment friendly, sustainable options to challenges going through world lithium provide chains. From the uncooked battery supplies extraction course of to refining, and the manufacturing of subsequent technology batteries, EnergyX is innovating from lithium brine to battery. The corporate has filed practically 100 patents thus far, and is creating its proprietary LiTAS™ suite of DLE applied sciences to reply to the challenges confronted by lithium producers, together with vitality effectivity, water conservation, extraction time, and sustainability.
Information courtesy of EnergyX
Have a tip for CleanTechnica? Need to promote? Need to counsel a visitor for our CleanTech Discuss podcast? Contact us here.
Newest CleanTechnica.TV Movies
CleanTechnica makes use of affiliate hyperlinks. See our coverage here.
