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Vulcan Energy Strikes $196M Deal to Power Germany’s Clean Energy Future with Geothermal and Lithium

Vulcan Energy  Secures $196 Million Deal for Geothermal Power and Lithium Production in Germany By:  Robert Buluma In a major leap for Europe’s clean energy transition, Vulcan Energy  Resources has signed a landmark $196 million (€110 million) supply contract with European firms Turboden and ROM Technik . The deal will see the development, procurement, and construction of a commercial geothermal power plant near Landau, Germany , forming a cornerstone of Vulcan’s phase one Lionheart Project . A Game-Changer for Renewable Energy and EV Supply Chains The contract covers the full scope of engineering, procurement, and construction (EPC) on a fixed lump-sum turnkey basis , ensuring certainty in both cost and delivery. When completed, the Lionheart geothermal facility will: Generate 275 gigawatt hours (GWh) of renewable power annually. Produce 24,000 tonnes of lithium hydroxide per year. Supply enough lithium for around 500,000 electric vehicles (EVs) annually. ...