Lithium and battery expertise startup Power Exploration Applied sciences (EnergyX) has introduced funding of $450 million from funding agency International Rising Markets. The proceeds will probably be used to additional the corporate’s commercialization efforts.
EnergyX provides a proprietary Lithium Ion Transport and Separation (LiTAS) expertise that makes use of membranes, membrane modules and electrodialysis items for lithium manufacturing.
“EnergyX accomplished an lively tender course of with Bolivia’s lithium firm YLB, the place one in all its LiTAS pilot vegetation operated from early 2022, rendering promising outcomes,” EnergyX says. “Though YLB initially elected to maneuver in a unique path for that particular tender, EnergyX nonetheless believes there are totally different alternatives and angles to work with YLB offering providers to their lithium trade.”
EnergyX additionally has plans for its Stable State Lithium Metallic Battery (SoLiS). “EnergyX additionally just lately signed an settlement with MOBI LATAM, a Bolivian electrical micro-mobility startup to construct battery swap stations utilizing EnergyX’s SoLiS expertise,” says the corporate.