SYDNEY: Vulcan Energy (ASX: VUL, FSE: VUL) announced it has secured building permits for a 30-megawatt geothermal renewable energy plant and electrical substation as part of its Phase One Lionheart Project in Landau, Germany. The project aims to integrate lithium production with renewable energy generation for Europe’s battery electric vehicle industry. The geothermal plant will…
SYDNEY, AUSTRALIA: Vulcan Energy has agreed to sell 8% shares in the company to Stellantis N.V for A$76M (€50M). This represents the world’s first upstream investment in a listed lithium company by a top tier automaker. Stellantis will become the second largest shareholder in Vulcan, at 8% shareholding, following issue of the fully paid ordinary…
SYDNEY, AUSTRALIA: Vulcan Energy Resources (ASX: VUL), has agreed to acquire an operational geothermal renewable energy power plant in the Upper Rhine Valley at Insheim, Germany. Vulcan Energy will acquire 100% of the shares in the entity which owns and operates the plant. A new Germany subsidiary of Vulcan, based in Karlsruhe, will be the…
SYDNEY: Vulcan Energy Resources signed a binding agreement to acquire 100% of geothermal surface consultancy company Global Engineering and Consulting Gmbh(gec-co), a news release said. Vulcan’s 100%-owned subsidiary, Vulcan Energie Ressourcen GmbH (VER), will acquire 100% of the shares in gec-co from Mr. Thorsten Weimann. Mr. Weimann was recently appointed as Vulcan’s Chief Operating Officer…
PERTH: Vulcan Energy Resources Ltd. has signed a Memorandum of Understanding (MoU) with Pfalzwerke geofuture GmbH, part of the German utility Pfalzwerke Group. The MoU constitutes an initial collaboration period, during which Pfalzwerke geofuture will supply live brine and well data from its operational geothermal power plant, for Vulcan to use in its PFS. A…