Their company, Ellexco, offers a chemical-free, electricity-technology to convert geothermal brine to lithium hydroxide, which would lower the carbon footprint.
“We are confident that we can promote this technology and explore more lithium sources, and our goal is to make lithium extraction much more cost effective and much more environmentally friendly,” Kong said.
They received a big boost in that mission Thursday night. The pair took home two top honors totaling $20,000 at the 2023 New Venture Competition awards ceremony at Jack Morton Auditorium. Ellexco’s co-founders won the Business Goods and Services Track and the CirrusLabs Prize for Best Tech Venture, each $10,000 awards.