Salinity Solutions, a UK-based engineering tech startup, has become the latest to receive the financial backing of SQM Lithium Ventures, the venture capital arm established by SQM to invest in burgeoning technology companies in the lithium space.
This technology uses less energy, purifies a higher amount of wastewater, generates less waste, and is more compact and portable than traditional reverse osmosis systems. The first of Salinity’s five registered patents has been approved in the European Union, China and the United States. “SQM’s investment will help us accelerate Salinity’s growth and achieve our 2024 goals of increasing unit sales and securing our first licensing agreement. Their strategic interests in lithium and water, combined with their geographical reach from Chile to China, offer a perfect fit to support our ambitious growth plans,” commented Salinity Solutions CEO Richard Bruges.
As part of their collaboration with SQM, the Salinity Solutions team will run a pilot project in the Salar de Atacama, with its team members based in Antofagasta and other locations in the north of Chile.