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Energy Storage

Lilac Solutions raises funds for new lithium extraction method

by Michael McCoy
March 7, 2020 | APPEARED IN VOLUME 98, ISSUE 9

 

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Credit: Lilac Solutions
Lilac founder David Snydacker (right) and other executives at the firm's Oakland, California, facility

Lilac Solutions has raised $20 million in series A funding from investors including Breakthrough Energy Ventures and the Engine. The Oakland, California–based firm is commercializing an ion-exchange technology for extracting lithium from brine for use in making lithium-ion batteries. The current process requires large and expensive evaporation ponds. Lilac says it has projects under development across the US and South America.

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