Companies like Tesla are pushing for solar power and batteries to help the electric grid in Texas. The bulk of the lithium produced for those batteries comes from overseas, but Austin-based company EnergyX is changing that.
PUBLISHED 2:47 PM CDT Aug. 05, 2022AUSTIN, Texas — Currently, companies like Tesla are pushing for solar power and batteries to help the electric grid in Texas at times of peak demand. The bulk of the lithium produced for those batteries comes from overseas, but Austin-based company EnergyX is changing that and wants to make sure it’s clean enough for the environment.
“There is an opportunity for EnergyX to become a major substantial player in energy transition,” said Egan. “I think that we’ve carved out a niche in lithium extraction and refinery, in which we are one of if not the leader in that category.” Batteries could also be a future contributor to the Texas grid if passed in the next legislative session, but Teague says supply chain issues are slowing things down.
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