EnergyX
EnergyX develops proprietary Direct Lithium Extraction (DLE) technology based on Mixed Matrix Membranes and Metal Organic Frameworks, producing battery-grade lithium and extending into solid-state batteries and nuclear-grade lithium isotopes for EV OEMs, mining majors, governments, and cathode manufacturers globally.
- Company typePrivate
- Founded2018
- HeadquartersFort Lauderdale, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What EnergyX does
Energy Exploration Technologies, Inc. (EnergyX) is a US-based clean technology company founded in 2018 by Teague Egan and headquartered in Austin, Texas, with operations spanning the United States, Chile, Puerto Rico, Utah, Argentina, and (as of 2026) Qatar. The company develops Direct Lithium Extraction (DLE) technology built around proprietary Mixed Matrix Membranes (MMM) incorporating Metal Organic Frameworks (MOFs) and lithium-selective electrodialysis, branded as LiTAS® and GET-Lit™, which the company claims achieves roughly 90% lithium recovery in 1-2 days versus 30% over 18 months for conventional evaporation ponds, with ~95% water reduction and under $100/ton power cost. EnergyX has extended this platform into lithium refining (battery-grade carbonate and hydroxide), the SoLiS™ solid-state lithium-metal battery chemistry, and the NUKE-it™ nuclear materials platform producing Lithium-6 and Lithium-7 isotopes for fusion and fission applications, supported by 140+ patents and a worldwide exclusive license from the University of Texas at Austin.
EnergyX's customers and commercial partners include electric-vehicle OEMs (General Motors led the 2023 Series B with associated offtake), mining conglomerates and lithium producers (a Posco Holdings-led South Korean consortium, Compass Minerals), battery and cathode manufacturers (a $230M+ LFP cathode joint venture with Wildcat Discovery Technologies), and sovereign governments (Chile, Qatar, US via EXIM Bank and the Army Organic Industrial Base Mineral Partnerships Act). The company controls approximately 214,000 acres of lithium resource position across Chile (~100,000 acres at Salar de Punta Negra — Project Black Giant, planned 52,500 tpa LCE), the US (~50,000 acres across the Smackover and Texarkana sites — Project Lonestar, commissioned March 2026 at ~250 tpa LCE), Utah (Project Powder Hound with Compass Minerals, planned 30,000 tpa LCE), Puerto Rico, and historical Bolivian operations, positioning it as a vertically integrated 'From Brine to Battery™' platform.
The business model blends future lithium offtake sales (pre-revenue at scale), technology licensing of the LiTAS/MOF IP, joint-venture equity in projects such as the Wildcat LFP cathode facility and Compass Minerals Powder Hound, and recurring retail capital raises via SEC Regulation A (the most recent being a $75M round at $10-$11/share with a 40,000+ investor base). Capital sources have totaled $175M+ in disclosed funding, supplemented by a $450M Global Emerging Markets commitment, a $690M EXIM Bank letter of interest, and a Qatari investor coalition, funding three concurrent commercial projects with combined announced capex of roughly $1.8B+.
EnergyX firmographics
Firmographics- Name
- EnergyX
- Legal name
- Energy Exploration Technologies, Inc.
- Website
- https://energyx.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- EnergyX develops proprietary Direct Lithium Extraction (DLE) technology based on Mixed Matrix Membranes and Metal Organic Frameworks, producing battery-grade lithium and extending into solid-state batteries and nuclear-grade lithium isotopes for EV OEMs, mining majors, governments, and cathode manufacturers globally.
- Ownership category
- akta.pro rank
EnergyX industry classification
Industry- Product category
- Direct Lithium Extraction Technology
- akta.pro primary industry
- Solid-State Battery Materials & Cell Manufacturing (EUAFABAH)
- akta.pro secondary industries
- Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF), Battery Dismantling, Discharge & Pre-processing (Safe Handling, Shredding, Black Mass Production) (EUAFACAB)
Keywords
Where EnergyX is headquartered
LocationHeadquarters
- HQ city
- Fort Lauderdale
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
EnergyX business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Supply Chain
Revenue model
- Lithium Offtake Sales: Future and contracted sale of battery-grade lithium carbonate and lithium hydroxide produced from commercial DLE facilities (Project Lonestar, Black Giant, Powder Hound) to EV OEMs, battery manufacturers, and cathode producers under long-term offtake agreements. Pre-revenue at scale as of 2026.
- Technology Licensing (LiTAS / MOF): Licensing of proprietary LiTAS®, Mixed Matrix Membrane, and MOF intellectual property to third parties (e.g., Orocobre pilot, future mining operators) for upfront fees, milestone payments, and/or royalties on extracted lithium.
- Joint Venture Equity & Project Development: Equity participation and project development fees from strategic JVs such as the Wildcat-EnergyX LFP cathode facility in Texas and the Compass Minerals Utah DLE project, sharing of production revenues, offtake economics, and DOE/US EXIM Bank project financing.
- Retail Investment Capital (Regulation A): Capital raised from a 40,000+ investor retail base via SEC-qualified Regulation A offering at $10-$11 per share, used to fund commercial scale-up of projects. Distinct from equity dilution as it directly funds project development and commercialization milestones.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | SEC Regulation A retail offering at $10/share (moved to $11/share in Q4 2025) via qualified offering circular |
| Other | Multi-year contract | Custom enterprise contracts for lithium carbonate offtake and JV equity — pricing designed to mitigate market volatility |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
EnergyX product offering
Product offeringCore offering
EnergyX develops and commercializes proprietary Direct Lithium Extraction (DLE) technologies based on Mixed Matrix Membranes and Metal Organic Frameworks, branded as LiTAS® and GET-Lit™, which extract battery-grade lithium from brine resources in 1-2 days with ~90% recovery. The company also produces solid-state lithium metal batteries (SoLiS™), nuclear-grade lithium isotopes (NUKE-it™), and operates its own lithium extraction projects (Project Black Giant in Chile, Project Lonestar in Texas, Project Powder Hound in Utah) with 214,000 acres of lithium resource holdings.
Differentiator
Problem solved
Functional benefit
Brands
- LiTAS™: EnergyX's proprietary suite of lithium selective and processing mechanisms incorporating mixed matrix membranes for direct lithium extraction and refinery (Lithium Ion Transport and Separation).
- SoLiS™
- GET-Lit™
- NUKE-it™
- Project Black Giant™
- Project Lonestar™
- Project Powder Hound™
Products and services
- Lithium Hydroxide Battery-grade lithium hydroxide produced from brine resources using EnergyX's proprietary Direct Lithium Extraction (GET-Lit™) and refining technologies. Sold to battery manufacturers and cathode producers for use in EV battery production.
- Lithium Carbonate Battery-grade lithium carbonate produced from brine resources using EnergyX's proprietary DLE and refining technologies. Sold to battery manufacturers and cathode active material producers for use in EV and energy storage batteries.
- Lithium Dihydrogen Phosphate Lithium dihydrogen phosphate product from EnergyX's lithium processing and refining operations, sold into the battery material supply chain.
- Membranes (MX) Proprietary Mixed Matrix Membranes (MMM) based on Metal Organic Frameworks (MOFs) for direct lithium extraction, sold to mining operators and licensed technology partners for commercial-scale lithium extraction.
- Lithium Metal Lithium metal product from EnergyX's processing capabilities, intended for use in next-generation solid-state battery applications.
- NUKE-it™ Nuclear Materials Platform NUKE-it™ technology platform producing 15% enriched Lithium-6 for fusion reactors (tritium breeding) and 99.999% Lithium-7 for thorium molten salt fission reactors, plus uranium and thorium processing capabilities. Sold to advanced nuclear and fusion energy developers.
- SoLiS™ Solid-State Lithium Metal Battery SoLiS™ solid-state lithium metal battery technology using LiTAS-derived solid-state electrolyte materials, targeting higher energy density, faster charging (<15 minutes), longer life cycle, and zero flammability compared to conventional lithium-ion batteries. Developed in collaboration with Dr. John Goodenough's lab at UT Austin.
- Lithium-6 and Lithium-7 Nuclear Isotopes Nuclear-grade enriched Lithium-6 (15%) and Lithium-7 (99.999%) isotopes produced using the NUKE-it™ platform for fusion and advanced fission reactor applications.
Quantifiable outcome
- Achieves ~90% lithium recovery in 1-2 days vs 30% in 18 months for conventional evaporation
- +5 more outcomes
Companies that use EnergyX
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles5 records
EnergyX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Feature6 records
EnergyX partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered flagship, minor and core.
- Wildcat Discovery Technologies (Holyvolt Group)flagshipJoint venture to build a 15,000-ton-per-annum LFP cathode active material manufacturing facility in Hooks, Texas, representing over $230M in investment. The project creates 150 direct permanent jobs and up to 1,200 indirect and construction jobs. EnergyX supplies the majority of lithium carbonate from adjacent Project Lonestar facility.
- Farmonaut (industry positioning reference)minorEnergyX profiled alongside MineSense, Lilac Solutions, American Battery Technology Company, Phospholutions, Jetti Resources, Farmonaut, and Metaspectral in an industry overview article on startups integrating copper concentrate and critical minerals into agricultural applications.
- Compass MineralsflagshipMemorandum of Understanding to advance EnergyX's planned 30,000 tons-per-annum commercial-scale direct lithium extraction and refinery facility (Project Powder Hound™) near Utah's Great Salt Lake. EnergyX will design, fund, construct and operate the facility on Compass Minerals-owned land, investing approximately $400M across two phases.
- Government of Chile (with US Government on Critical Minerals)flagshipChile and the US signed a joint statement to initiate discussions on cooperation in rare earths and critical minerals, with EnergyX cited as a key company for initiatives to boost lithium production and supply in Chile.
- Government of Chile (President-elect José Antonio Kast)flagshipEnergyX met with Chile's President-elect at the Shield of the Americas summit in Miami to discuss a potential US$5 billion investment in Chile's lithium sector over the next decade. EnergyX already holds 100,000+ acres of mineral concessions in Chile and is exploring financing with the US EXIM Bank for Project Black Giant.
- Invest QatarflagshipQatar's Investment Promotion Agency entered a strategic partnership to support EnergyX's long-term expansion in Qatar. EnergyX will establish its global command centre and international headquarters in Qatar while Invest Qatar provides market intelligence, regulatory guidance, and business setup assistance.
- Pantera MineralscoreEnergyX completed acquisition of a 35,000-acre Smackover lithium mineral deposit from Pantera Minerals, advancing strategic leadership in US lithium production and bringing total US holdings to nearly 50,000 acres. Pantera also retains a 2.34 million shareholding in EnergyX (carrying value ~A$42 million).
- SensetacoreMulti-hundred-million-dollar merger pact to integrate Senseta's AI capabilities (spun out of Carnegie Mellon University and co-founded by a Qatari scientist) into EnergyX's platform — supporting sustainable, autonomous energy systems and infrastructure for GCC and US markets.
- DealMakercoreDealMaker powers EnergyX's $75 million retail investment round under SEC Regulation A, supporting the company's outreach to over 40,000 retail investors via the invest.energyx.com portal.
- Posco Holdings (South Korea consortium)flagshipPosco-led South Korean consortium investing in EnergyX as part of the $50 million Series B. Testing EnergyX's DLE technology at a demonstration plant in Argentina (next to Posco's lithium project in Salta Province) with plans for a commercial plant by end of 2023; potential licensing of EnergyX's technology for commercial use and target to produce 100,000 metric tons of lithium by 2026.
- General Motors (GM Ventures)flagshipGM Ventures led a $50 million Series B funding round and entered a strategic partnership to source and develop US-based lithium supplies for EV production. Collaboration includes technology development, resource offtakes, and support for lithium projects in the Americas — providing GM with access to lithium extracted in North and South America for its EV battery supply chain.
- EndeavorcoreEndeavor engaged for advisory services as EnergyX expanded its global footprint — leveraging Endeavor's high-impact entrepreneur network for international growth strategy.
- MOBI LATAMminorBolivian urban eco-mobility and clean energy startup partnership to develop a Bolivian domestic lithium battery supply chain and electric mobility market. EnergyX to provide direct source of lithium and work on developing next-generation SoLiS™ batteries for MOBI's e-mobility fleet and swap stations.
- Yacimientos de Litio Bolivianos (YLB) - BoliviacoreEnergyX deployed the first LiTAS™ pilot plant to Bolivia's Salar de Uyuni, the world's largest lithium reserve. EnergyX was the only one of eight companies to successfully commission a pilot plant. Was ultimately disqualified from YLB commercialization tender in June 2022 due to a 10-minute-late final report submission.
- Dr. John Goodenough (Nobel laureate) and UT Austin LabflagshipEnergyX adapted its core LiTAS™ nanotechnology as a solid-state electrolyte through collaboration with Dr. John Goodenough's lab at UT Austin. Materials are made in Dr. Benny Freeman's lab and tested next door in Dr. Goodenough's battery lab, with the goal of solid-state battery R&D.
- ProfMOFcorePartnership to promote Metal Organic Frameworks (MOFs) and merge MOF research with industry leaders. ProfMOF is the world leader in MOF R&D, founded within the University of Oslo, with founder Dr. Karl Petter Lillerud inventing UiO-66, the most cited MOF in the world.
- Orocobre LimitedcoreLetter of Intent (LOI) to collaborate on implementation of direct lithium extraction (DLE) technologies in the lithium mining sector. Orocobre is a top-5 lithium producer based in Australia with major operations in Argentina's Lithium Triangle.
- University of Texas at AustinflagshipWorldwide exclusive license (executed May 2019, announced Sept 2019) covering MOF and Mixed Matrix Membrane intellectual property stemming from tri-institutional research (UT Austin, Monash University, CSIRO) backed by a $10.75M US Department of Energy grant. Includes sponsored research funding for Dr. Benny Freeman's lab and Dr. John Goodenough's solid-state battery group.
Scale indicators19 records
Recent moves12 records
Expansion highlights9 records
EnergyX competitors and assessment
Company assessmentDirect peers
- Lilac Solutions: Lilac Solutions is a private direct lithium extraction (DLE) technology company using ion-exchange media to extract lithium from brine. It is the most directly comparable US-based DLE peer, competing head-to-head with EnergyX's LiTAS platform for mining customers and lithium offtake contracts.
- Standard Lithium: Standard Lithium is a public DLE-focused lithium developer pursuing commercial projects in Arkansas's Smackover Formation and other US brines. It competes with EnergyX for the same North American lithium resource and customer base, and overlaps with EnergyX's Lonestar and Smackover acreage.
- Vulcan Energy Resources: Vulcan Energy is a public integrated lithium and geothermal energy company developing DLE from geothermal brines in Germany's Upper Rhine Valley. It is comparable to EnergyX as a vertically integrated DLE-plus-battery-materials play targeting European and global EV OEMs.
- International Battery Metals (IBAT): IBAT is a small-cap public DLE technology company with a modular, containerized direct lithium extraction system. It targets similar brine-based lithium customers as EnergyX, including salt lake and oilfield brine operators.
Broad incumbents
- Albemarle Corporation: Albemarle is the world's largest lithium producer, with brine and hard-rock operations and active DLE pilots. It competes broadly with EnergyX for global lithium customers and is profiled alongside EnergyX in DLE industry reports as a leading player.
- SQM (Sociedad Química y Minera): SQM is one of the world's largest lithium producers from Chilean Salar de Atacama brines and is the former employer of EnergyX's South America president. It is a direct competitor for Chilean lithium concessions and global lithium offtake customers.
- Livent Corporation: Livent is a major public lithium producer specializing in lithium carbonate, lithium hydroxide, and lithium metal for EV batteries. It is comparable to EnergyX as a downstream lithium materials supplier to EV OEMs and battery manufacturers.
- Rio Tinto: Rio Tinto is a global mining major that has invested heavily in lithium (including the Rincon DLE project in Argentina). It is profiled alongside EnergyX and Albemarle as a leading DLE player and competes for global lithium resources and customers.
Emerging players
- Lithium Americas: Lithium Americas is a North American lithium developer building the Thacker Pass project (claystone) and the Cauchari-Olaroz DLE project in Argentina. It overlaps with EnergyX's footprint in South America and competes for GM and other EV OEM lithium offtake.
- Wildcat Discovery Technologies: Wildcat Discovery Technologies is a US battery materials R&D company with which EnergyX formed a $230M+ LFP cathode JV. It is comparable to EnergyX's SoLiS battery platform as a battery chemistry and materials developer, and is both a partner and a peer in adjacent cathode chemistries.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
EnergyX social profiles
Digital presenceEnergyX financial estimates
Financial estimateRevenue estimate
Valuation estimate
EnergyX leadership team
Management profileNumber of profiles
Profiles15 records
EnergyX subsidiaries and ownership
Company hierarchySubsidiaries2 records
EnergyX funding detail
Funding detailFunding overview
Funding rounds9 records
Investors11 records
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EnergyX M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about EnergyX
What does EnergyX do?
EnergyX develops and commercializes proprietary Direct Lithium Extraction (DLE) technologies based on Mixed Matrix Membranes and Metal Organic Frameworks, branded as LiTAS® and GET-Lit™, which extract battery-grade lithium from brine resources in 1-2 days with ~90% recovery. The company also produces solid-state lithium metal batteries (SoLiS™), nuclear-grade lithium isotopes (NUKE-it™), and operates its own lithium extraction projects (Project Black Giant in Chile, Project Lonestar in Texas, Project Powder Hound in Utah) with 214,000 acres of lithium resource holdings.
Is EnergyX a public or private company?
EnergyX is a private company. It is classified as venture growth investor backed and is currently operating.
When was EnergyX founded?
EnergyX was founded in 2018. It employs 101 to 250 people.
Where is EnergyX based?
EnergyX is headquartered in Fort Lauderdale, United States, in the North America region.
How does EnergyX make money?
Four revenue lines are on record. Lithium Offtake Sales are the primary driver. The others are technology Licensing (LiTAS / MOF), joint Venture Equity & Project Development and retail Investment Capital (Regulation A).
Who are EnergyX's main competitors?
Direct peers on record are Lilac Solutions, Standard Lithium, Vulcan Energy Resources and International Battery Metals (IBAT). Broad incumbents are Albemarle Corporation, SQM (Sociedad Química y Minera), Livent Corporation and Rio Tinto. Emerging players are Lithium Americas and Wildcat Discovery Technologies.
Does EnergyX have an API?
No public API is recorded for EnergyX.
What industry is EnergyX in?
EnergyX's product category is Direct Lithium Extraction Technology. Its primary akta.pro industry code is EUAFABAH, Solid-State Battery Materials & Cell Manufacturing, with a secondary code of EUAFABAA, Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite).