GM Gets Sustainable US-Based Lithium Supply, Partly From Controlled Thermal Resources For Next-Gen Electric Vehicle Batteries
Controlled Thermal Resources Limited (“CTR”) has formed a strategic investment and business partnership with General Motors (“GM”) to supply the manufacturer with sustainably produced lithium from the company’s Hell’s Kitchen lithium and energy development, located in the Salton Sea geothermal field in Imperial, California.
GM announced today that a significant portion of GM’s future battery-grade lithium hydroxide and carbonate could come from CTR’s Hell’s Kitchen development, allowing GM to make more affordable and higher-mileage electric vehicles (EVs) from lithium materials. nationals of responsible origin.
GM also announced that it is the first company to make a multi-million dollar investment in CTR’s Hell’s Kitchen development and has secured the first rights to purchase lithium produced in the first stage of the Hell’s Kitchen project, including an option for a multi-year relationship.
CTR expects to begin lithium delivery from its first-stage facilities in 2024.
Rod Colwell, CEO of CTR, noted, “We are very excited to establish this strategic relationship with GM in the future.” Additionally, “GM has demonstrated great initiative and a true forward-thinking strategy in securing and localizing a supply chain. of lithium while considering the most effective methods to minimize environmental impacts ”.
CTR’s lithium resource in the Salton Sea in California is one of the largest known lithium brine resources in North America. The integration of direct lithium extraction with renewable geothermal energy offers the highest sustainability credentials available today.
CTR’s closed-loop direct lithium extraction process uses renewable energy and steam, significantly reducing the time to produce battery-grade lithium products and eliminating the need for overseas processing. CTR operations will have a minimal physical footprint and a carbon footprint close to zero. The brine, after lithium extraction, is returned to the geothermal reservoir deep in the earth.
“The global growth in EV adoption has highlighted the critical need to develop a strong and safe battery supply chain in the United States.” In addition, “CTR is fully committed to the development of its important lithium resource in response to this, and we look forward to collaborating with GM as we continue to accelerate these efforts. “
In a message via CTR’s newsletter, Rod Colwell further stated that this is “a world-class collaboration with a world-leading automotive company and an incredibly important milestone for CTR. GM’s recognition today, along with its significant strategic investment, is testament to the value and quality of the Hell’s Kitchen project. ”
Source: Company release