Berkshire Hathaway Breaks Ground on New Lithium Extraction Plant in Nevada

Nevada Governor Steve Sisolak and Berkshire Hathaway CEO Warren Buffett Attend Ceremony

Plant Expected to Create 1,000 New Jobs

Berkshire Hathaway Inc. announced today that it has broken ground on a new lithium extraction plant in Nevada. The plant, which is expected to be operational by 2026, will create 1,000 new jobs and is part of the company's broader investment in clean energy.

Nevada Governor Steve Sisolak and Berkshire Hathaway CEO Warren Buffett attended the groundbreaking ceremony today. The ceremony was held on a site that is located near the Clayton Valley lithium deposit, one of the largest lithium deposits in the world.

The plant will use a new technology that is designed to extract lithium from the claystone rock that is found in the Clayton Valley deposit. The technology, which was developed by Berkshire Hathaway's subsidiary, Lilac Solutions, is more environmentally friendly than traditional lithium extraction methods.

The new plant is expected to produce 20,000 tons of lithium carbonate per year, which is enough to power 1 million electric vehicles. The plant will supply lithium to Berkshire Hathaway's energy subsidiaries, including Berkshire Hathaway Energy and NV Energy.

The investment in lithium extraction is part of Berkshire Hathaway's broader commitment to clean energy. The company has already invested billions of dollars in solar and wind energy projects.