Europe’s First Geothermal Lithium Revolution: EIB Injects €250 Million into Vulcan’s Zero-Carbon Lionheart Project
Europe Takes a Giant Leap Toward Lithium Independence: EIB Backs Vulcan Energy’s €2 Billion Lionheart Project with €250 Million By: Robert Buluma 3 December 2025 – In a move that could reshape Europe’s battery and electric-vehicle future, the European Investment Bank (EIB) has just signed a landmark €250 million financing agreement with Australian-German company Vulcan Energy for Phase One of the Lionheart Project in Germany’s Upper Rhine Valley. This isn’t just another mining project. It’s Europe’s first commercial-scale Direct Lithium Extraction (DLE) operation that simultaneously produces battery-grade lithium and renewable geothermal heat and power – all with a net-zero carbon footprint. Why this matters for Europe Lithium is classified as both a critical and strategic raw material under the EU’s Critical Raw Materials Act. Europe currently imports >95% of its battery-grade lithium, mostly from Australia, Chile and China. By 2030, the EU’s demand for lit...