Koch takes energy storage spend to over $500 million with Standard Lithium

Koch Strategic Platforms will invest $100 million into lithium developer Standard Lithium, in the latest investment into the battery value chain by the subsidiary of the giant fossil fuel conglomerate.

The deal will help the company move towards first commercial production of lithium from brine deposits in south Arkansas, in a boost to efforts to develop US production of the battery raw material.

The deal expands Wichita-based Koch Industries’ investments in the clean energy space, following investments in lithium battery recycler Li-Cycle and zinc battery startup Eos Energy. The company has now invested over $500 million in the . . .


Login to continue reading!

This article is restricted to Benchmark Membership subscribers.

Login

Not subscribed yet?

To subscribe or to find out more about Benchmark Membership click here or fill in the form below and a member of our team will be in touch with you as soon as possible.