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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. ...

In a move that promises to redefine the renewable energy and lithium landscape in Europe, Vulcan Energy has officially completed its acquisition of Geox GmbH  a bold stride toward streamlining operations and accelerating the energy transition.  By: Robert Buluma The deal, which includes geothermal wells, renewable energy generation assets, and a valuable geothermal and lithium licence around the City of Landau, Germany, positions Vulcan as a powerhouse in clean energy innovation. Announced back in September 2024, the agreement aimed to consolidate Vulcan’s upstream Phase One lithium and renewable energy assets. By acquiring 100% of Geox’s holdings — and replacing a prior joint venture and brine offtake agreement — Vulcan has now secured total control of a strategic asset base that will serve as the cornerstone of its ambitious Lionheart Project. Geothermal, Lithium, and Leadership The assets at the heart of this acquisition are no ordinary infrastructure. Located in the Landau...