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Energy Department grants $2.26B loan for Nevada lithium project – UPI.com

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Energy Department grants .26B loan for Nevada lithium project – UPI.com


Lithium Americas has received conditional approval for a multi-billion-dollar loan from the U.S. Department of Energy to help fund a massive development project in Nevada. Photo by ultrabem.com/Flickr

March 16 (UPI) — Lithium Americas has received conditional approval for a multi-billion-dollar loan from the U.S. Department of Energy to help fund a massive development project in Nevada.

The Canadian mineral exploration company confirmed the $2.26 billion loan earlier this week, which will cover a three-year period and comes with an estimated $290 million worth of interest.

Interest falls in line with applicable U.S. Treasury rates.

The Vancouver-based company plans to use the money to develop its Thacker Pass project in Humboldt County, Nev. The site is located approximately 200 miles northeast of Reno.

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“The United States has an incredible opportunity to lead the next chapter of global electrification in a way that both strengthens our battery supply chains and ensures that the economic benefits are directed toward American workers, companies and communities,” Lithium Americas President and CEO Jonathan Evans said in a statement on the company’s website.

“The ATVM Loan Conditional Commitment announced today by the DOE is a significant milestone for Thacker Pass, which will help meet the growing domestic need for lithium chemicals and strengthen our nation’s security.”

The facility itself is expected to produce 40,000 metric tons per year of battery-grade lithium carbonate once fully operational. The inorganic compound will be primarily used in electric vehicles.

The British Columbia mineral explorer expects to reach full capacity by 2027 and could eventually increase production by 80,000 metric tons annually as the market for electric vehicles grows.

General Motors owns an equity stake in the project, after investing $650 million earlier last year.

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The project is also being buoyed by an equity investment from General Motors. The auto manufacturer announced the investment of $650 million in early 2023, which also included a supply agreement,

“Thacker Pass is a treasure trove of lithium — key to strengthening U.S. energy security and electrifying America,” Energy Secretary Secretary Jennifer Granholm said in a statement on X.

“By presenting this $2.26B conditional loan, we’ll help level the global playing field and supercharge clean energy manufacturing nationwide.”





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Nevada

WOW Carwash touts year-round water conservation with recycling tech in Southern Nevada

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WOW Carwash touts year-round water conservation with recycling tech in Southern Nevada


In the desert climate of Southern Nevada, WOW Carwash says it is working year-round to conserve water and reduce its environmental impact, using a combination of water-reclamation technology, biodegradable soaps and energy-efficient equipment.

The Las Vegas-born company says washing a car at home uses roughly 100 gallons of water. By comparison, WOW says it uses about 30 gallons per vehicle and reclaims up to 80% of the water.

WOW says its water-reclamation system exceeds typical local requirements. While local car washes are only required to have one sand and oil separator, WOW says it has four, along with a mud tank and UV filters designed to recycle water, reduce daily water use and ensure no solids are sent to the sewer system.

The company says all water from a WOW Carwash enters a 1,500-gallon mud tank underground at each location to begin separating soils from the water. From there, WOW says the water passes through a series of four sand and oil separators, where oils float to the surface, and soils sink to the bottom. WOW says the cleaned water is then pumped through UV and micron filters to remove remaining contaminants so it can be recycled and reused in the car wash.

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WOW also says it repurposes the dirt washed off vehicles. The company says its water-reclamation tanks are pumped regularly by licensed vacuum trucks to maintain efficiency, and what is pumped out is then utilized as fertilizer.

WOW says all cleaning agents used in its tunnel wash process are environmentally safe and biodegradable, and that the soaps are safe to the human touch and for a vehicle’s paint while still being tough on dirt. The company says the cleaning agents break down naturally, reducing harmful runoff that could otherwise flow into storm drains and local waterways.

To reduce its carbon footprint, WOW says it uses energy-efficient equipment, including Variable Frequency Drives that allow electric motors to “ramp down” when demand is low to reduce electricity use during operations.



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Will a new Nevada law to prevent heat deaths work? Planning is underway

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Will a new Nevada law to prevent heat deaths work? Planning is underway












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Las Vegas Valley governments are writing extreme heat into master plans. Will it prevent deaths? | Environment | News





















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