Steam rises from several geothermal power plants along the southeast shore of the Salton Sea near Calipatria, Calif. (Don Bartletti / Los Angeles Times)
Excerpt from LA Times article: Read the full story HERE
On Monday, Lilac and the Australian company Controlled Thermal Resources announced they’re partnering to develop a lithium-extraction facility at the Salton Sea. The Australian firm is trying to build the area’s first new geothermal power plant in a decade, a project that would be far more lucrative if the super-heated underground fluid could produce lithium in addition to electricity.
Lilac is also working with the billionaire investor Warren Buffett’s Berkshire Hathaway Energy, which has not previously been reported outside energy industry circles.