Getting climate, energy & environment news right.

Mangrove Lithium Closes USD $10M Series A Led By Breakthrough Energy Ventures

Mangrove Lithium Closes USD $10M Series A Led By Breakthrough Energy Ventures

BusinessWire reports that Mangrove Lithium has closed a $10 million Series A funding round led by Breakthrough Energy Ventures.

The C3 Take
  • Mangrove Lithium is a Vancouver-based company that uses brines, hard rocks, clay, and battery recycling to build battery-grade lithium hydroxide and lithium carbonate.
  • Some groups estimate that there will be a global supply gap of 4.3 million tons of lithium carbonate and lithium hydroxide by 2040 which would hinder the deployment of electric vehicles.
  • Mangrove Lithium is just one example of the private sector finding innovative solutions to our greatest energy and environmental needs.

“Mangrove Lithium, a Vancouver based company, has developed a breakthrough platform for the most cost-effective production of battery grade lithium hydroxide and carbonate from diverse input streams and assets. Mangrove’s modular solution can be scaled to any capacity and co-located with upstream lithium producers or cathode and cell manufacturers.”

Read the full article here.

Copyright © 2020 Conservative Coalition for Climate Solutions

Join the Movement

Help us promote free market solutions for climate change.

Download Now

The Left’s Top 10 Climate Denials

Download Now

nikola-majksner-hXNGeAFOgT4-unsplash