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Energy Storage

Lilac Solutions raises funds for new lithium extraction method

by Michael McCoy
March 7, 2020 | A version of this story appeared in Volume 98, Issue 9
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Most Popular in Energy

 

A photo of three men in a factory.
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.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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