Cali’s white gold mine: Lithium reservoir in Imperial Valley worth staggering $540bn could launch US to battery dominance

California lake in Imperial Valley is sitting atop one of the world’s largest ‘white gold’ mines — but one of the chief beneficiaries will be an Australian energy firm.

Controlled Thermal Resources, founded down under in 2013, has spent two decades developing and managing energy projects in the valley south of Palm Springs.

Many of those projects generated geothermal energy, a power source that use molten, magma-hot temperatures deep below Earth’s crust to power steam turbines for an environmentally sustainable means of making electricity.

But in recent years, the firm has turned its eye toward southern California’s lithium metal reserves, dubbed white gold because of the soft, silvery-white look of these ‘lithium salts.’ 

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