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Sign updenaLi Direct Lithium Extraction
Technology for environmentally sustainable, rapid and economic lithium extraction
01.
Identification
As a society, people want more mobility with their devices and equipment, more renewable energy battery storage and more electric vehicles on the road. Lithium-ion batteries are an important part of this future. EV adoption is growing globally and becoming more affordable for the middle class as costs come down. To meet this challenge, the denaLi solution aims to create the mine of the future. It provides a sustainable, profitable and rapid means of creating lithium products for the rapidly expanding electric vehicle sector and utilizes material and chemical innovation to unlock environmentally friendly lithium.
Label Date
April 12, 2021
From
Canada
Maturity stage
Prototype testing 1:1 in the lab
Looking For
Network, Visibility, Credibility
02.
The environmental benefits
- •Modular technology that can be deployed anywhere in the world
- •Produces lithium products in a 24 hour period
- •Selectively removes lithium from brine, allowing for reinjection of depleted brine back into the reservoir
- •Produces up to 75% lower GHG than traditional lithium mining methods
- •Requires 1/26 the land use of conventional technology
- •Significantly lower air contaminant emissions in all categories
03.
The Financial benefits
- •Less than two (2) years capital payback period, with the extremely low up-front capital expenditure, the customer is able to pay back their initial investment in 23 months
- •Minimum IRR of 40% on capital investment
- •Key factor for a short payback period and healthy IRR: low capital expenditure (CAPEX) associated with the deployment of modular units
05.
Company Profile
Summit Nanotech
Nanotechnology Innovation Startup. Based in Calgary. At Summit Nanotech, we leverage the best academic research in nanotechnology to build innovative solutions to help industry partners achieve project success.
View company profile Solution website
Headquarters
Calgary, AB T3L 2P5, Canada
06.
Related Topics
07.
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Summit Nanotech has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.