up and running

Houston company's commercial direct lithium extraction plant goes live

The newly launched plant will process brine produced from lithium-containing waste-magnesium salts. Photo via ibatterymetals.com

A Houston company has launched operations with what it's calling the world’s first commercial modular direct-lithium extraction plant.

International Battery Metals has reported that its new plant — just outside Salt Lake City, Utah, and co-located with US Magnesium LLC — is up and running. The plant, originally announced earlier this year, will process brine produced from lithium-containing waste-magnesium salts. The resulting lithium chloride product will provide feedstock for high-purity lithium carbonate generated by US Magnesium.

"This achievement is momentous for IBAT and a harbinger for an industry-transformation to significantly boost lithium production on a more cost-effective and sustainable basis, clearing a path for supplies of lower-priced, high-quality lithium for EV batteries and large-scale grid backup battery installations," John Burba, founder and CTO of IBAT, says in a news release. "This kicks off a U.S. lithium production renaissance and creates the potential for a sea change in global lithium supplies."

According to the company, IBAT is expected to expand production by installing additional columns on the same DLE modular platform with a goal of increasing capacity.

IBAT's patented technology is low cost, scalable, and sustainable. It reports that it's the only system that delivers a 97 percent extraction rate for lithium chloride from brine water, with up to 98 percent of water recycled and with minimal use of chemicals.

Under its agreement with US Magnesium, IBAT will receive royalties on lithium sales, as well as payments for equipment operations based on lithium prices and performance.

Earlier this summer, IBAT named Iris Jancik as the company's CEO. She will focus on expanding commercial deployment of IBAT's patented modular direct lithium extraction (DLE) plants, and begin in the role in mid-August.

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A View From HETI

Catalyze has secured an $85 million tax equity investment to support the construction and completion of 75 megawatts of solar projects nationwide in 2025. Photo courtesy of Catalyze

Houston-based Catalyze, a developer of independent power systems, announced it has secured an $85 million tax equity investment from RBC Community Investments.

“RBC’s investment in this portfolio demonstrates our commitment to advancing clean energy solutions within local communities,” Jonathan Cheng, managing director at RBC, said in a news release. “We are excited to partner with Catalyze on the strategic deployment of these and future projects.”

The financing will go toward the construction and completion of 75 megawatts of commercial and industrial solar projects nationwide in 2025. Catalyze’s current generation portfolio now totals 300 megawatts of projects in operations and construction.

The transaction will help Catalyze’s existing relationship with RBC, which demonstrates a commitment to advancing renewable energy solutions at scale.

“RBC is a valued financing partner, and we are pleased to further expand our relationship with this latest investment,” Jared Haines, CEO of Catalyze, said in a news release. “This financing enables us to further our mission to bring scalable distributed generation projects to businesses and communities nationwide.”

Catalyze also has other private equity sponsors in EnCap Investments and Actis.

Last May, Catalyze announced that it secured $100 million in financing from NY Green Bank to support a 79-megawatt portfolio of community distributed generation solar projects across New York state.

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