GM reaches historic agreement to invest millions in lithium project at the Salton Sea
KESQ
General Motors (GM) and Controlled Thermal Resources have reached a historic agreement to develop low-cost lithium at the Salton Sea Geothermal Field, the companies announced
With this deal, GM becomes the first company to make a multi-million dollar investment in Controlled Thermal Resources Hell's Kitchen project, which is located near the Salton Sea. The agreement means that a significant portion of GM's future battery-grade lithium hydroxide and carbonate could come from the Hell's Kitchen development.
Lithium is a metal crucial to GM's plans to make more affordable, higher mileage electric vehicles, the company stated in its