New CEO officially takes helm of growing Houston batteries co.

ready to lead

Announced earlier this summer as incoming CEO of International Battery Metals, Iris Jancik has officially started her new job. Photo courtesy of IBAT

A Houston batteries company officially has a new CEO.

Originally announced as incoming CEO earlier this summer, Iris Jancik has taken the helm of International Battery Metals Ltd., a Houston and Vancouver-based developer of patented modular direct lithium extraction (DLE) plants.

She takes on the new role following IBAT's July announcement that it achieved the "first lithium from the only modular DLE operation in the world and the first commercial DLE operation in North America," according to the company. The milestone was achieved at IBAT's facility outside Salt Lake City, Utah, a plant co-located at the operations of US Magnesium.

With IBAT achieving its first commercial operations, Jancik will focus on its continued conversations with large industrial companies — automakers, oil and gas companies, and more — to expand prospects and stakeholders.

"The timing of IBAT's breakthrough technology is ideal given soaring demand for lithium batteries to power EVs and energy storage. I look forward to accelerating our growth as we expand commercially to meeting this demand with an unmatched lithium extraction technology that can be cost-effectively and quickly deployed, sustainably operated to respect water resources, and easily scalable in a variety of brine resources," Jancik says in a news release. "I can think of no one better to partner with on this journey than our chief technology officer, founder and DLE pioneer, John Burba."

Garry Flowers, who joined IBAT as president in July 2022 before being named CEO in December of the same year, preceded Jancik as CEO. Prior to joining IBAT, Jancik served as CEO of IDE Americas. She holds an MBA in international business from Texas A&M University.

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

Houston company's commercial direct lithium extraction plant goes live

up and running

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.

International Battery Metals announced the appointment of Iris Jancik as CEO. Photo via IBAT

New CEO named to batteries co., to build out direct lithium extraction operations globally

at the helm

A Houston- and Vancouver-based battery materials company has named a new CEO, effective later this summer.

International Battery Metals (IBAT) announced the appointment of Iris Jancik as 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.

Currently, IBAT is commissioning the DLE plant with an initial design capacity of 5,000 metric tons a year. The plant expects to begin lithium production in June. The plant will process brine produced from lithium-containing waste-magnesium salts, and the lithium chloride product will provide feed for high-purity lithium carbonate production by US Mag.

The plant is the first commercial DLE plant in North America and the first modular DLE plant in the world. IBAT also recently announced the installation of its first commercial lithium production plant, which is co-located at US Magnesium's (US Mag) operations outside Salt Lake City, Utah.

Jancik served as CEO of IDE Americas, a subsidiary of IDE Technologies, which is a global desalination and water treatment solutions company prior to joining IBAT. She holds an M.B.A. in international business from Texas A&M University, and brings expertise as an engineer with extensive global contracting and management experience.

"Iris brings deep expertise in water infrastructure, which is core to our DLE water-recycling process, and the requisite global commercial chops to build on IBAT's momentum," John Burba, CTO and director of International Battery Metals, says in a news release. "I expect IBAT to take on new frontiers for growth with Iris at the helm and look forward to collaborating with her."

Jancik will be taking over for the person credited with accelerating IBAT's technology to its first commercial phase , Garry Flowers, who joined IBAT for a two-year period, starting as president in July 2022 and then named CEO in December 2022.

According to IBAT, IBAT's modular lithium extraction plant has been independently verified to extract more than 97% lithium from brine. Lithium production is rising to reach approximately 180,000 metric tons in 2023 with approximately 22,000 metric tons coming from an established DLE project in Argentina.

"IBAT's proprietary commercialized DLE technology is proven, ready to push-start a US lithium industry, and revolutionize global production, making this a prime time to join the organization," Jancik adds. "Burgeoning battery demand requires a wholesale change in how lithium is produced, and IBAT delivers the right combination of efficiency, sustainability and scalability to reach new heights.”

Standard Lithium retaining operatorship, while Equinor will support through its core competencies, like subsurface and project execution capabilities. Photo via Equinor.com

Equinor makes big investment into lithium projects in Arkansas, East Texas

eyes on LI

A Norwegian international energy company has entered into a deal to take a 45-percent share in two lithium project companies in Southwest Arkansas and East Texas.

Equinor, which has its U.S. headquarters in Houston, has reached an agreement with Vancouver, Canada-based Standard Lithium Ltd. to make the acquisition. Standard Lithium retaining operatorship, while Equinor will support through its core competencies, like subsurface and project execution capabilities.

“Sustainably produced lithium can be an enabler in the energy transition, and we believe it can become an attractive business. This investment is an option with limited upfront financial commitment. We can utilise core technologies from oil and gas in a complementary partnership to mature these projects towards a possible final investment decision,” says Morten Halleraker, senior vice president for New Business and Investments in Technology, Digital and Innovation at Equinor, in a news release.

Standard Lithium retains the other 55 percent of the projects. Per the deal, will pay $30 million in past costs net to the acquired interest. The company also agreed to carry Standard Lithium's capex of $33 million "to progress the assets towards a possible final investment decision," per the release. Additionally, Equinor will make milestone payments of up to $70 million in aggregate to Standard Lithium should a final investment decision be taken.

Lithium is regarded as important to the energy transition due to its use in battery storage, including in electric vehicles. Direct Lithium Extraction, or DLE, produces the mineral from subsurface reservoirs. New technologies have the potential to improve this production method while lowering the environmental footprint.

Earlier this month, Houston-based International Battery Metals, whose technology offers an eco-friendly way to extract lithium compounds from brine, announced that it's installing what it’s billing as the world’s first commercial modular direct-lithium extraction plant located at US Magnesium’s operations outside Salt Lake City. The plant is expected to go online later this year.

The plant, expected to go online later this year, will process brine produced from lithium-containing waste-magnesium salts. Photo via ibatterymetals.com

Houston company plans to install the first commercial direct lithium extraction plant in the US

coming soon

Houston-based International Battery Metals, whose technology offers an eco-friendly way to extract lithium compounds from brine, is installing what it’s billing as the world’s first commercial modular direct-lithium extraction plant.

The mobile facility is located at US Magnesium’s operations outside Salt Lake City. The plant, expected to go online later 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.

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

IBAT says its patented technology is 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.

“Commercial operations will serve growing lithium demand from automakers for electric vehicle batteries, as well as energy storage batteries to support growing electricity demand and to balance the grid from increased renewable energy integration,” IBAT says in a news release.

Initially, the less than three-acre plant will annually produce 5,000 metric tons of lithium chloride. The modular plant was fabricated in Lake Charles, Louisiana.

“Our commercial operations with US Mag will advance a productive lithium extraction operation,” says Garry Flowers, CEO of IBAT. “Given current lithium demand, supply dependence on China, and permitting challenges, our expected commercial operations are coming at an ideal time to produce lithium at scale in the U.S.”

IBAT says the technology has been validated by independent reviewers and has been tested in Texas, California, Michigan, Ohio, and Oklahoma, as well as Argentina, Canada, Chile, and Germany.

IBAT says its modular concept positions the company to be a key supplier for rising U.S. lithium demand, providing an alternative to China and other global suppliers.

John Burba, founder, CTO and director of IBAT, says the modular extraction technology “will be the basis of future lithium extraction from brine resources around the world.”

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ExxonMobil invests over $200M in Texas advanced recycling sites

doubling down

ExxonMobil announced that it plans to invest more than $200 million to expand its advanced recycling operations at its Baytown and Beaumont sites that are expected to start in 2026. The new operations can help increase advanced recycling rates and divert plastic from landfills, according to ExxonMobil.

“We are solutions providers, and this multi-million-dollar investment will enhance our ability to convert hard-to-recycle plastics into raw materials that produce valuable new products,” says Karen McKee, president of ExxonMobil Product Solutions, in a news release.

The investment plans to add 350 million pounds per year of advanced recycling capacity at Baytown and Beaumont, which will bring ExxonMobil’s total capacity to 500 million pounds annually. The first Baytown facility started in 2022 and represents one of the largest advanced recycling facilities in North America by having processed more than 70 million pounds of plastic waste.

“At our Baytown site, we’ve proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world,” McKee said in a news release. “We’re proud of this proprietary technology and the role it can play in helping establish a circular economy for plastics and reducing plastic waste.”

Advanced recycling works by transforming plastic waste into raw materials that can be used to make products from fuels to lubricants to high-performance chemicals and plastics. Advanced recycling allows for a broader range of plastic waste that won't be mechanically recycled and may otherwise be buried or burned.

ExxonMobil will continue development of additional advanced recycling projects at manufacturing sites in North America, Europe and Asia with the goal of reaching 1 billion pounds per year of recycling capacity by 2027.

Houston-based Fervo Energy collects $255M in additional funding

cha-ching

A Houston company that's responding to rising energy demand by harnessing geothermal energy through its technology has again secured millions in funding. The deal brings Fervo's total funding secured this year to around $600 million.

Fervo Energy announced that it has raised $255 million in new funding and capital availability. The $135 million corporate equity round was led by Capricorn’s Technology Impact Fund II with participating investors including Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate Ventures.

The funding will go toward supporting Fervo's ongoing and future geothermal projects.

“The demand for 24/7 carbon-free energy is at an all-time high, and Fervo is one of the only companies building large projects that will come online before the end of the decade,” Fervo CEO and Co-Founder Tim Latimer says in a news release. “Investors recognize that Fervo’s ability to get to scale quickly is vital in an evolving market that is seeing unprecedented energy demand from AI and other sources.”

Additionally, Fervo secured a $120 million letter of credit and term loan facility from Mercuria, an independent energy and commodity group that previously invested in the company.

“In surveying power markets across the U.S. today, the need for next-generation geothermal is undeniable,” Brian Falik, group chief investment officer of Mercuria, adds. “We believe in Fervo not just because their EGS approach is cost-effective, commercially viable, and already being deployed at scale, but because they set ambitious targets and consistently deliver.”

In February, Fervo secured $244 million in a financing round led by Devon Energy, and in September, the company received a $100 million bridge loan for the first phase of its ongoing project in Utah. This project, known as Project Cape, represents a 100x growth opportunity for Fervo, as Latimer explained to InnovationMap earlier this year. As of now, Project Cape is fully permitted up to 2 GW and will begin generating electricity in 2026, per the company.

Other wins for Fervo this year include moving into its new headquarters in downtown Houston, securing a power purchase agreement with California, growing its partnership with Google, and being named amongst the year's top inventions by Time magazine.

———

This article originally ran on InnovationMap.

Greentown raises funding, a new tree initiative in Houston, and more trending energy transition news

top stories

Editor's note: From DOE funding for underground power line research to Zeta Energy's big deal with, these are the top headlines that resonated with EnergyCapital readers on social media and daily newsletter this week.

Investors from Houston and Boston fuel Greentown with $4M commitment

A mix of public and private investors have funded Greentown Labs. Photo via GreentownLabs.com

Greentown Labs, a climatetech incubator with locations in the Houston and Boston areas, has announced it has received funding from a mix of investors.

The $4 million in funding came from both of the Houston and Massachusetts locations. Houston investors included Bobby Tudor, CEO of Artemis Energy Partners and chairman of the Houston Energy Transition Initiative; David Baldwin, co-founder of OpenMinds and TEX-E and partner at SCF Partners; and Rice University. Other investors included MassDevelopment and the City of Somerville.

“The challenges of the energy transition are immense, and the role played by technology incubators like Greentown Labs is essential,” Tudor says in a news release. “We believe this role, which is a partnership between academia, industry, philanthropists, entrepreneurs, and governments, is the best way to get to effective, scalable solutions in a time frame that the urgency of the challenge requires. We need all hands on deck, and this partnership between Massachusetts and Texas can be a role model for others.”Continue reading.

Houston launches Google-backed tool to address urban tree cover disparities

American Forests is aiming to assist with at least 100 cities to make progress on Tree Equity by 2030. Photo by Thomas Koenig/Big Pineapple Productions

The oldest national nonprofit conservation organization in the U.S American Forests has launched the Houston Tree Equity Score Analyzer, which was developed through local nonprofit Trees For Houston and local stakeholders from local government, environmental groups and the public health sector, and supported by Google’s philanthropic arm Google.org with a $450,000 grant.

To mark the launch, Trees For Houston and American Forest celebrated the partnership and worked to plant 50 trees at Shadydale Elementary in Northeast Houston on December 6.

“This marks a significant milestone for Houston's urban forestry efforts,” says Texas State Representative Senfronia Thompson at the December 6 event. “This effort goes beyond simply planting trees—it’s about creating the foundation for a greener, more inclusive future for our community. By uniting diverse resources and partners, including American Forests, Google.org and Trees For Houston, we’re showcasing a powerful dedication to enhancing the environmental well-being and quality of life in our urban areas.”Continue reading.

Houston company secures $10M contract to deliver subsea well decommissioning solution

Expro has secured a $10 million contract to provide a subsea well decommissioning solution, combining subsea safety systems and surface fluid management to support safe re-entry and fluid management for plugged and abandoned wells. Photo courtesy of Expro

Houston energy services provider Expro was awarded a contract valued at over $10 million for the provision of a well decommissioning solution.

The solution will combine subsea safety systems and surface processing design that can enable safe entry to the well and management of well fluids.

“The contract reinforces our reputation as the leading provider of subsea safety systems and surface well test equipment, including within the P&A sector,” Iain Farley, Expro’s regional vice president for Europe and Sub-Saharan Africa, says in a news release.Continue reading.

This Houston innovator's innovative corrosion detection tech is vital to the future of energy

Anwar Sadek of Corrolytics joins the Houston Innovators Podcast to discuss his company's growth and move to Houston. Photo courtesy

Houston-based Corrolytics approach is to help revolutionize and digitize microbial corrosion detection — both to improves efficiency and operational cost for industrial companies, but also to move the needle on a cleaner future for the energy industry.

"We are having an energy transition — that is a given. As we are bringing new energy, there will be growth of infrastructure to them. Every single path for the energy transition, corrosion will play a primary role as well," Anwar Sadek, co-founder and CEO of Corrolytics, says on the Houston Innovators Podcast.

The technology Sadek and his team have created is a tool to detect microbial corrosion — a major problem for industrial businesses, especially within the energy sector. Sadek describes the product as being similar to a testing hit a patient would use at home or in a clinic setting to decipher their current ailments.Continue reading.

Houston company's $2B carbon-negative fuel project to rise in Southeast Texas

Pathway Energy has announced a major sustainable aviation fuel project in Port Arthur, Texas. Rendering courtesy of Pathway Energy

Houston developer of ultra carbon-negative fuels projects Pathway Energy announced a series of commercial-scale sustainable aviation fuel (SAF) facilities with the first being based in Port Arthur, Texas.

The project, estimated to be valued at $2 billion, will be one of the largest decarbonization projects in the world.

Pathway plans to bring commercial SAF to market with its years of experience in waste and biomass conversion processes and technologies that include biomass gasification, Fischer-Tropsch, biomass power generation, and complex biorefinery and industrial processes. Continue reading.

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