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EnergyX tour: A look into an Austin startup making lithium-ion batteries for electric vehicles

Austin's EnergyX facility moved to Austin last year. (Andrea Guzmán)

Teague Egan wanted to be at the center of renewable energy. As CEO of EnergyX, a startup focused on extracting lithium to be used in electric vehicles, that center is in Austin, where he’s tripling his team and moving into a site five times the current lab’s size this summer.


Starting off in the Bay Area in 2018, the company moved to Austin in June 2021. Egan says it's building up its battery team, field operations and scientists working on lithium extraction. But the big project the company has under its belt is a pilot program to extract lithium reserves in Bolivia, where a quarter of the world’s known lithium is.

Austonia toured the company's 6,000 square foot site near the Heritage Hills neighborhood in North Austin. The office area had a laid-back, humble setting. A small dog named Molly barks out from one of the offices, another worker is blow-drying their hair in the middle of the workday and there’s a company book club, which is currently reading "Make Your Bed" by William H. McRaven.

Egan holds a container from the nanomaterials library. (Andrea Guzmán)


But the lab area carries a different atmosphere. Before walking in, goggles are needed. Racks, known as the nanomaterials library, house almost 1,000 materials that are used to do experiments.

Especially important to its mission of helping to reduce CO2 emissions, the company works with samples of lithium in its raw form to refine it for batteries. If a series of in-field pilot plants are successful, it can be ready for market by early 2023. “I think they are motivated by that or else they wouldn’t be working at the company. It’s kind of a prerequisite in the interview process," Egan said.

Egan, who's 33, says he wants to foster creativity with more hires and expand their patent portfolio.

With a hint of sentimentality, he turns to the organization chart, which features about 30 current employees. With a hint of sentimentality, he gestures to his screen. “This used to be just this little thing,” Egan said.

In his office, Egan talks to Austonia about his average week, which includes meetings focused on batteries, business development, lithium separation and more. (Andrea Guzmán)


Having the home base in Austin was important to Egan. Being right by Tesla’s headquarters was key, he says, despite some people leaving the startup to work there. And observing that the major tech titans are here, like Google, Apple and Meta, Egan knew the talent pool would be strong. Venture capital is also plentiful.

“Pair that with the culture of the food and the music and the vibes, it’s just a really good place, I think, to start a company,” said Egan, who is toying with the idea of having a company presence at South by Southwest.

Plus, the University of Texas at Austin is an important partner. UT is where they licensed their first four initial patents. They’ve now expanded to 43.

The team has worked with John Goodenough, who invented the lithium-ion battery. At nearly 100 years old, his capacity at the company isn’t much, but his last Ph.D. student is the vice president of battery technology at Energy X and the company also employs another student who worked with Goodenough for a decade.

Egan is aware that he lacks experience, but when his father told him to make two lists: one with his top five passions and another with the five industries he thought would grow the fastest in the coming decades, renewable energy came out on both.

After raising $20 million in financing in May last year, EnergyX made plans to move these tools from their current lab to a new, larger one. (Andrea Guzmán)


As EnergyX proceeds with its pilot in Bolivia, it will compete with seven others across the globe approved for the pilots whose results will determine access to commercial operations there.

“I feel like we have a pretty good head start over some of the competition,” Egan said. "I wasn’t really focused on what they were doing. I’m trying to run my own race.”

Popular

Tito's releases (not so?) ugly sweater line for the holidays, profits to charity

Tito's Handmade Vodka

Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.

There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.

All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.

Click here to see the entire collection in the Tito's store.

Mac and Cheese Fest and Free Art Exhibit
Waterloo Greenway, Good Vibrations Installation


🗓 All weekend

🎨 Creek Show Art Exhibit

Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities

All weekend 6 p.m - 10 p.m | 📍Waterloo Park

✨ Mozart's Light Show

This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.

6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703

🗓 Saturday

🥊 Kickboxing in the Park

This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.

10 a.m - 11 a.m | 📍 Metz Park

🛍 The Front Market

Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.

11 a.m - 5 p.m | 📍Ani's Day and Night - 7107 E Riverside Drive, Austin, TX 78741

🗓 Sunday

🧀 Mac and Cheese Fest

Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.

11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway