- Press Release
Lilac Solutions Selected by U.S. Department of Energy for $50 Million Award to Unlock U.S. Lithium Production
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New lithium extraction technology is essential for solving the lithium supply crisis and meeting EV demand. However, technologies vary widely in performance and reliability. Lilac is leading the industry with rigorous piloting and operations
Read more >“Lilac Solutions announced the final close of its Series B financing. New investors in the round include SK Materials, BMW i Ventures, and Presidio Ventures (a Sumitomo Corporation Group Company)“
Read more >Lithium Shortage causing bottleneck in energy transition
Read more >“The financing was led by Lowercarbon Capital and funds and accounts advised by T. Rowe Price Associates, Inc. Lilac will use the new funds to ramp production of the company’s unique ion exchange beads, expand its teams of engineers and field operators, and deploy the technology globally.“
Read more >“Under the agreement, Lilac Solutions will contribute technology, engineering teams, and an on-site demonstration plant, earning in to a maximum 25 percent stake in Lake’s Kachi project based on performance.“
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