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Simbol – a successful technical demonstration of lithium extraction from geothermal brine • Operated several pilot plant units using its own sorbents. • Thousands of hours of operation, 2010 through 2014 at several locations in Salton Sea, California: • BHE Elmore • EnergySource Featherstone Plant • Complete process piloted: • Technical success • Produced battery grade lithium carbonate from geothermal brine • According to press sources, Simbol's board rejected a takeover from Tesla in 2014, then ran out of funding in 2015115. • Global EV penetration was insignificant in January 2015, therefore the lithium market was small and investment was limited. Lithium carbonate price was only approx. $5-6,000/t16. What is different now? • Global EV penetration is significant and rapidly increasing, with every large automaker having an electrification strategy17 and 20 countries with electrification targets or ICE bans for cars18 • Spot lithium carbonate is now approximately $27,000/t19. Sustainability is now much more important for customers which include large automakers. • Multiple parties now developing lithium extraction from geothermal brines in Salton Sea20, including the successor to Simbol: All American Lithium and its JV partner Oxy (Terralithium21), as well as Energy Source Minerals, Berkshire Hathaway Renewables. Source: The Desert Sun, 8 June 2016, Tesla offered $325 million for Salton Sea startup 17PDF Image | Direct Lithium Extraction
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Product and Development Focus for Infinity Turbine
ORC Waste Heat Turbine and ORC System Build Plans: All turbine plans are $10,000 each. This allows you to build a system and then consider licensing for production after you have completed and tested a unit.Redox Flow Battery Technology: With the advent of the new USA tax credits for producing and selling batteries ($35/kW) we are focussing on a simple flow battery using shipping containers as the modular electrolyte storage units with tax credits up to $140,000 per system. Our main focus is on the salt battery. This battery can be used for both thermal and electrical storage applications. We call it the Cogeneration Battery or Cogen Battery. One project is converting salt (brine) based water conditioners to simultaneously produce power. In addition, there are many opportunities to extract Lithium from brine (salt lakes, groundwater, and producer water).Salt water or brine are huge sources for lithium. Most of the worlds lithium is acquired from a brine source. It's even in seawater in a low concentration. Brine is also a byproduct of huge powerplants, which can now use that as an electrolyte and a huge flow battery (which allows storage at the source).We welcome any business and equipment inquiries, as well as licensing our turbines for manufacturing.| CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP |