Vulcan Energy Initiates Construction of Lionheart Geothermal and Lithium Project
Vulcan Energy Initiates Construction of Lionheart Geothermal and Lithium Project
Vulcan Energy Resources Ltd has commenced civil construction at its Lionheart geothermal power plant in Germany, marking a significant step towards the integration of lithium production and renewable energy in Europe.
The Lionheart project, which aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually, will also generate 275 GWh of renewable power and 560 GWh of heat per year over a 30-year lifespan. The site is designed to supply local consumers with sustainable energy and features a proprietary direct lithium extraction process. Vulcan Energy’s management expressed optimism regarding the project’s timely progress and its potential to enhance Europe’s energy independence.
For journalistic integrity, this report was summarized from: fool.com.au