Vulcan Energy begins supply of renewable heat to EnergieSüdwest
April 28, 2025
The news: Lithium and renewable energy producer Vulcan Energy has commenced supply of geothermal renewable heat to German energy supplier EnergieSüdwest from its Lionheart project.
The numbers: Vulcan shares were up 2.5% to $4.87 at 3:50pm AEST, extending gains of more than 40% over the last 12 months.
The context: Vulcan said the initiative marks the start of a long-term and continuous transition to renewable energy in the German town of Landau.
The company also plans to expand supply in Landau through five additional production well sites as part of the HEAT4LANDAU project, which awarded Vulcan a €100 million ($178 million) grant from the German government in November.
What they said: “The start of supply of geothermal energy to ESW Landau is a significant milestone on the road to a climate-neutral energy future, and towards building Phase One of Vulcan’s integrated lithium and renewable energy project, Lionheart,” said Vulcan’s chief executive Cris Moreno.
“We plan to produce battery quality lithium products, from the same geothermal brine that is used to produce renewable district heating for the City of Landau.
“This is an important step for the sustainable heating supply in Landau and shows how the efficient use of renewable resources can strengthen both the local heating supply and the European battery industry.”
The source: Vulcan Energy media release
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