Mercuria Energy Trading contributed to a round which will support the international growth of the lithium-extraction technology developer.
US-based lithium mining technology producer Lilac Solutions picked up $150m yesterday in a series B round featuring commodity trading firm Mercuria Energy Trading.
Lowercarbon Capital co-led the round with funds and accounts advised by T Rowe Price, while The Engine, Valor Equity Partners and Breakthrough Energy Ventures also participated.
Lilac has created an ion exchange technology which makes the extraction of lithium from brine resources – naturally occurring sources of saltwater – more efficient than current methods.
The brine can…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
