To electrify many of the world’s vehicles in the coming years, the EV industry will need to procure a massive amount of lithium-ion batteries. And that will require brand-new sources and technologies to find, extract and process battery materials such as lithium, cobalt and nickel.
“A major component of the renewable energy revolution is how do we get the materials necessary to do it,” says Kurt House, CEO of KoBold Metals. KoBold Metals is a startup that is building and applying machine learning and advanced scientific techniques for battery mineral exploration. The company is funded by investors Breakthrough Energy Ventures, Andreessen Horowitz and Norwegian state oil company Equinor.