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Sep 30, 2024

EnergyX raises another $50 million, opens new production facility in Austin, Texas

Posted by in category: energy

The company said its technology can recover 300% more lithium than conventional methods. Traditional extraction typically yields 30% to 40% of lithium from brine, while EnergyX said its DLE achieves a +90% extraction rate.

The technology has raised over $110 million in total funding, backed by investors including General Motors, Eni and POSCO.

With two Tier 1 projects underway, Black Giant in Chile is estimated to produce 40,000 tonnes of lithium per year, while Project Lonestar in the US is estimated at 25,000 tonnes.

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