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. ...
At Alphaxioms,We are The Number One Geothermal News Site Globaly, Our Cutting Edge Consultancy In Geothermal Energy Encomprises Geothermal Resource Assesment,Power Plant Development, Projects Management and Financing, Corprate Planning and Strategy, Reservoir Management, Lithium Extraction From Geothermal, Geological Hydrogen , Repurposing of Oil and Gas Wells and Related Research