BUSINESS WIRE: Xerion Wins U.S. Department of Energy’s American-Made Geothermal Lithium Extraction Prize for Groundbreaking Lithium Extraction Technology

The development of efficient geothermal lithium extraction technologies promises to simultaneously advance efforts to secure a domestic lithium supply and to solidify the United States’ position in the global transition to net-zero emissions

DAYTON, Ohio--(BUSINESS WIRE)--Xerion Advanced Battery Corp., a privately held manufacturer of lithium-ion batteries with a vision to revolutionize the energy industry through the development of disruptive technologies, announced today that it has been awarded the United States Department of Energy’s (DOE) inaugural American-Made Geothermal Lithium Extraction Prize, in partnership with a team from the University of Illinois at Urbana-Champaign. The prize, which includes $1 million in funding from the Geothermal Technologies Office (GTO), will accelerate Xerion’s plans to commercialize its innovative, first-of-its-kind ceramic redox membrane technology, which significantly lowers the cost and reduces the energy required to extract lithium from geothermal brine by as much as 90% compared to current technologies.