The energy storage sector has been growing robustly, despite some concerns about the global supply chain for one key material, lithium. Well, that question could soon be moot. The California-based startup Lilac Solutions has just received a major financial boost for an innovative, low-impact method for extracting lithium from abundant brines around the globe.
Diversifying the global supply chain could help alleviate one source of anxiety for US energy policymakers. Currently, the top lithium producers are concentrated in a relatively small number of countries overseas, and uncertainty over President Trump’s trade policy has layered another layer of complexity onto an already fraught situation.