The New Face of Batteries: How One Founder Extracts 3X More Lithium Than Conventional Methods | Entrepreneur
Briefly

Lithium powers electric vehicles, smartphones, and renewable energy, serving as a foundation for the modern energy economy. Demand is projected to increase significantly, leading to a race for supply among governments and corporations. Teague Egan, founder of EnergyX, developed innovative extraction technology that enhances lithium recovery. EnergyX has received significant investments from major companies like General Motors and is set to acquire extensive lithium brine assets in Chile. These assets are projected to generate substantial annual revenue once operational, reflecting the growing importance of lithium in the energy market.
Lithium is the foundation of the modern energy economy, powering electric vehicles, smartphones, and renewable infrastructure, and is critical for the nuclear energy revolution.
Teague Egan, founder of EnergyX, has created extraction technology that can recover up to 300% more lithium than traditional methods.
EnergyX has been backed by General Motors in a $50M investment and has secured one of the largest lithium brine assets in the Americas.
A recent study projected EnergyX's site in Chile's Lithium Triangle could generate more than $1.1 billion annually at projected market prices.
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