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Emergent Capital Partners is pleased to announce that they have been engaged as financial advisor to Salton Sea Industries INC.
Salton Sea Industries is involved in acquiring and developing lithium resources, contained in a huge naturally occurring reservoir of hot mineral bearing salty water (‘geothermal brine’) underlying the Imperial Valley in the Salton Sea region of Southern California, close to the Mexican border. The intention is to build and operate a plant which will process this geothermal brine and initially recover up to 15,000 tons of saleable lithium products per year. Mark MacLean, Managing Partner of Emergent Capital Partners said "having looked into the growing market for lithium used in portable power, electric vehicles and batteries we were excited by the prospects of assisting in the financing of an emerging US based lithium producer". Tony Williams, CEO of Salton Sea Industries commented that "the Hunt for Lithium is on. For those who come up with the next significant supply the industry will come to them. The biggest market share will be scooped up by those who can come up with the most lithium from brine and we intend to fill that gap in the market". 
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The Energy and Renewables Market
The UK has a clear need for further electricity generation capacity with ongoing pressures on supply margin (total generation capacity / forecast peak demand) as coal-fired generation is shut down.
The UK has a clear need for further electricity generation capacity with ongoing pressures on supply margin (total generation capacity / forecast peak demand) as coal-fired generation is shut down.
- Up to a fifth of existing generation capacity may close by 2020, whilst UK electricity demand could double by 2050.
- Decarbonisation of electricity generation is a key element of plans to achieve greenhouse gas emissions reduction targets set out in 2008 Climate Change Act.
- These factors have led the UK government to recognise the need to encourage investment in new low-carbon electricity generation and to introduce new measures to help balance the UK electricity system.