Still To Be Determined 254: Unlocking the Lithium Supply Chain - Teague Egan Interview
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Feb 12, 2025 Teague Egan, Founder and CEO of EnergyX, discusses innovative direct lithium extraction technology aimed at enhancing environmental sustainability. He shares the evolution of EnergyX into a resource owner and producer, focusing on new projects and strategic partnerships, including a significant investment from GM. Egan also details a unique crowdfunding initiative empowering individual investors, and explores the impact of the Inflation Reduction Act on lithium mining. He lays out ambitious goals for commercial lithium production by 2028 while offering insights for aspiring entrepreneurs in the sustainable tech space.
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Direct Lithium Extraction (DLE)
- EnergyX focuses on Direct Lithium Extraction (DLE), a more efficient and environmentally friendly method.
- DLE filters lithium from brine, eliminating the need for large, impactful evaporation ponds.
DLE's Small Footprint
- DLE has a smaller environmental footprint compared to traditional brine ponds.
- DLE plants are significantly smaller, covering only a few acres versus many square miles.
DLE's Reduced Environmental Impact
- DLE minimizes environmental impact through reduced land use and water consumption.
- The process extracts lithium and re-injects the brine, preserving water resources for local communities.