This company claims it can recycle 99% of lithium in car batteries

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The world is moving towards renewable and clean energy sources to have a green environment. This is supported by the advent of electric vehicles in the industry. However, there is also a complicated situation in this area. The batteries used in these electric vehicles have lithium which allows for not very clean lithium mining practices. It was called the Clean Electric Vehicle Paradox.

Engineers who wish to integrate environmentally friendly operations into the system are looking for alternative methods to manufacture the batteries. It was announced this week by Lilac Solutions, a lithium mining technology company, that it has secured $ 150 million in funding raised as Series B funding for a new technology that will be able to accelerate the recovery of carbon. lithium and make it more environmentally friendly.

“Electric vehicles are a low carbon success story, but the lithium raw materials needed for batteries have become a serious bottleneck,” said Dave Snydacker, CEO of Lilac Solutions, in a statement. “The lithium industry is plagued by technical and environmental problems that threaten the energy transition. Lilac’s technology solves these problems and will finally allow lithium production on the scale required by the energy transition.

This technology dramatically reduces the use of land and freshwater for extracting lithium from continental brines and its investors claim the product is 10,000 times faster than the competition. Plus, one of the most fascinating aspects is that it allows the brine to return underground once the lithium is extracted. This reduces negative environmental damage. Current methods of extracting lithium from evaporation ponds do a lot of damage.

Lithium Recovery Tech with 99% Efficiency Brings Company $ 150 Million in Funding

It was stated by CNBC that CEO and founder of Lilac Solutions, Dave Snydacker, said the new technology can extract as much lithium from a one-acre system as the traditional method from a 10,000-acre facility with an evaporation basin.

The timing of the technology is consistent with Biden’s new strategy of having half of auto sales by 2030 in the electric vehicle sector. He has set ambitious goals for the country.


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