Wednesday, March 19, 2014

Technology:

Geothermal and Lithium Production, Perfect Together (Sustainable Business.com)

Electric car manufacturer Tesla's Gigafactory is already spurring a new business that's vying to supply it.

A startup company called Simbol Materials is in the final stages of raising funds for a factory that would open in 2017 - the same year as Tesla's world's largest battery plant.

Simbol's California plant - which breaks ground this summer - would be the first to create lithium by extracting it from geothermal power plant waste. The company is partnering with geothermal power producers in a mecca for that kind of energy - Southern California's Imperial  Valley.

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