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Washington, DC - The Department of Energy (DOE) announced the launch of the American-Made Geothermal Lithium Extraction Prize. The prize was launched during today’s NextGen Geo, a live virtual event uniting geothermal industry professionals, geosciences students, and clean energy entrepreneurs for a series of panel discussions on hot topics related to geothermal and renewable energy.
The Geothermal Lithium Extraction Prize is designed to advance technologies that improve the economics and lessen environmental impacts of lithium mining from geothermal brines. Competitors must be affiliated with a U.S. academic institution and will participate in three escalating challenges for an opportunity to win a portion of a $4 million cash prize pool. Phase 1 is currently open, with submissions due by Friday, July 2, 2021. In the coming weeks, DOE’s Geothermal Technologies Office (GTO) will post recorded interviews to the prize website tha
DOE launches new Lithium Extraction Prize
The current US lithium stock is almost entirely imported, with only 1% of US lithium supply being sourced domestically. Furthermore, traditional sources of lithium are environmentally destructive. This combination of rapidly expanding global demand and lack of a safe, domestic supply has created an urgency to develop a safe, domestic, cost-competitive source of lithium to ensure American leadership in the transition to a carbon-free economy and a robust domestic supply chain.
The Department of Energy (DOE) has launched the American-Made Geothermal Lithium Extraction Prize. The prize was launched during NextGen Geo, a live virtual event uniting geothermal industry professionals, geosciences students, and clean energy entrepreneurs for a series of panel discussions on hot topics related to geothermal and renewable energy.
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