Entrepreneurs for Impact #196: Teague Egan, CEO of EnergyX — $100M for Lithium Extraction Technology. Founding the Company with $10,000. Learning from the Elon Musk Biography. Living to 140 Years Old.
EnergyX is a direct lithium extraction company with $100M of investment, including about $50M from retail investors. Its 100 team members are advancing its new membrane, solvent, and adsorbents to boost the efficiency of extracting lithium from underground salt water.
Teague is a serial entrepreneur whose first success was launching a record label at age 20 and taking an artist to #1 in the iTunes hip hop charts. (That’s a first for a guest on the EFI podcast!)
In this episode, you’ll learn these four important takeaways and much more.
- The severe limitations of conventional lithium mining, such as 35% extraction efficiency and an 18-month wait time
- Why they are building two lithium extraction plants at the same time
- How he acquired the company’s foundational technology for $10,000
- Why he believes humans will live to be 140 years old in the near future
🔗 PODCAST SHOW LINKS:
Teague - https://www.linkedin.com/in/teagueegan
EnergyX - https://energyx.com
Elon Musk biography - https://shorturl.at/DkNYU
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Dr. Chris Wedding is the founder of EFI (climate CEO peer groups), cofounder of Terraset (carbon removal), Senior Advisor at Javelin Capital (investment banking), Board member at World Tree (regenerative forestry), Board Advisor at DG Matrix (next-gen power electronics), Duke & UNC professor, ex-private equity investor, ex-investment banker, occasional monk, father of three, 2x ax-throwing champ (huh?), Time Magazine Person of the Year in 2006 (Google it), and super humble guy (as evidenced by this long bio).