EnergyX focuses on lithium extraction and recovery technology, using forward osmosis and solar thermal powered desalination. The company aims to become a low-cost lithium provider for the growing lithium-ion battery industry, as demand for lithium is expected to increase with the expansion of the electric vehicle and energy storage markets. EnergyX's highly scalable lithium extraction membrane can increase time efficiency by 100x and recovery rate by 300%, making it a more efficient and sustainable alternative to outdated natural evaporation pond technology currently used in the Lithium Triangle.