Thursday, February 20, 2020

USA, California: Salton Sea Geothermal-Lithium Project Company Gets Large Investment from Bill Gates' Fund

Bill Gates-backed fund leads $20m investment into lithium start-up (Financial Times)

Lilac Solutions has developed a new ion exchange technology that is fundamentally different from other lithium recovery technologies that have been deployed around the Salton Sea.

The Bill Gates-backed Breakthrough Energy Ventures fund has led a $20m investment into a start-up promising a more efficient way to extract lithium for batteries.

Oakland-based Lilac Solutions says its ion exchange technology will enable a “massive increase in lithium supply needed for electric vehicles” from brine-based deposits.

Lilac is working with a company called Controlled Thermal Resources on extracting lithium from geothermal brines in the Salton Sea in California, Dave Snydacker, chief executive of Lilac Solutions, said.

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