lithium-iron-phosphate
(3)
Base Power Company
Base Power is an Austin-based energy company that installs large-capacity home batteries and sells electricity to homeowners as a licensed Texas retail electric provider. Founded in 2023 by Zach Dell and Justin Lopas, it pairs whole-home backup with low fixed rates, using its growing fleet of distributed batteries as a virtual power plant that charges when power is cheap and discharges when the grid is strained. The company raised a $1 billion Series C in October 2025 at a $4 billion valuation and is building its own battery factory in Austin to scale nationally.
ACT-ion Battery Technologies
ACT-ion Battery Technologies is a Dallas-based advanced materials startup building a cleaner, faster way to make cathode active materials (CAM) - the single most expensive ingredient in a lithium-ion battery. Spun out of Hunt Energy Enterprises in 2019 and led by CEO/CTO Jin-Myoung Lim, ACT-ion uses a continuous, chemistry-agnostic manufacturing process to produce surface-engineered single crystal cathode powders in a fraction of the time and cost of incumbents, with less energy, water and waste. The company is scaling its process at a pilot plant in Carrollton, Texas, with the goal of anchoring a domestic battery-materials supply chain.
Electroflow Technologies
Electroflow Technologies is a San Bruno, California startup building an electrochemical direct lithium extraction (DLE) process that turns low-grade, dilute North American brines into battery-grade lithium and lithium iron phosphate (LFP) powder. By collapsing a conventional 10-step brine-to-LFP process down to three steps and using lithium-selective electrodes, the company aims to produce LFP cathode material domestically at under $2,500 per metric ton - roughly 40% below current Chinese producers - while using minimal water, chemicals, and electricity.