Vulcan Energy starts construction of combined geothermal and lithium plant in Landau, Germany On December 5, Vulcan Energy officially broke ground on its combined geothermal and lithium extraction plant (G-LEP) at site D12 in Landau. The G-LEP is a key component of Vulcan's first project phase, "Lionheart," which combines renewable energy generation with climate-neutral lithium extraction from deep geothermal energy. Commissioning and the start o...

News  Updated at: 2025/12/10

German government's raw materials fund invests in Vulcan Energy's Lionheart project On December 3, the German Federal Ministry for Economic Affairs and Energy and the Australian Embassy in Berlin welcomed Vulcan Energy's investment in the Upper Rhine Graben in Germany.  The German government's raw materials fund is investing up to EUR 150 million in the implementation of Vulcan Energy's Lionheart project. Export Finance Australia (EFA), the Aust...

News  Updated at: 2025/12/05

Vulcan Energy raises financing from EIB for lithium supply chain project in Germany On December 3, the European Investment Bank (EIB) announced that it will provide EUR 250 million in financing for Vulcan Energy’s Phase One Lionheart Project in Germany’s Upper Rhine Valley. The EUR 2 billion project will build an integrated, battery quality lithium supply chain based on geothermal brines. The EIB’s support is part of its Critical Raw Materi...

News  Updated at: 2025/12/04

Vulcan Energy raises EUR 2.2 billion for Lionheart lithium project in Germany On December 3, Vulcan Energy Resources Limited secured a comprehensive financing package (Phase One Financing Package) to fully fund the construction and development of Phase One of the Lionheart lithium and renewable energy project in the Upper Rhine Valley, Germany.  The total Phase One Financing Package of approximately EUR 2,200 million will enable Vulcan to fund t...

News  Updated at: 2025/12/03

Vulcan Elements and ReElement Technologies receive USD 700 million U.S. loan On November 21, the U.S. Office of Strategic Capital (OSC) announced a joint USD 700 million conditional loan commitment for Vulcan Elements and ReElement Technologies to increase domestic Neodymium Iron Boron (NdFeB) magnet production and significantly bolster U.S. critical minerals supply chains. The two loan portions, one to Vulcan for USD 620 million and one to ReEle...

News  Updated at: 2025/11/27

Vulcan Elements to invest USD 912 million magnet manufacturing plant in North Carolina On November 18, rare-earth magnet company Vulcan Elements announced it will invest USD 912 million to expand its factory in Benson, North Carolina, as U.S. companies look to compete with China over rare-earth dominance. Vulcan Elements opened the facility in Benson in the Research Triangle Park to manufacture Neodymium Iron Boron rare earth magnets. The new inv...

News  Updated at: 2025/11/25

Vulcan, ReElement attract USD 1.4 billion rare-earth magnet deal with Trump Administration On November 3, Vulcan Elements and ReElement Technologies announced a USD 1.4 billion partnership with the U.S. government to scale their 100% vertically-integrated, domestic rare earth magnet supply chain, with a focus on recycling end-of-life magnets and electronic waste. With a USD 620 million Direct Loan from the Department of War’s Office of Strategi...

News  Updated at: 2025/11/13

Vulcan receives commercial Lithium Extraction Plant permit in Germany On November 3, Vulcan Energy announced that it has secured the permit to build its upstream Lithium Extraction Plant (LEP) for the Phase One Lionheart Project in Landau, Germany, with all major construction permits now received. Lionheart will have the capacity to produce 4,000 tonnes of lithium hydroxide, enough for 500,000 electric vehicles per year.  The LEP forms part of t...

News  Updated at: 2025/11/04

Vulcan Energy, Australia, signs offtake agreement with Glencore, Switzerland, for lithium hydroxide monohydrate in Germany On October 13, Vulcan Energy signed an offtake agreement with a wholly owned subsidiary of Glencore plc to provide battery-quality lithium hydroxide monohydrate (LHM) from its Phase One Lionheart Project. The Project will have the capacity to produce 275 GWh of power, and 24,000 tons of LHM, enough for 500,000 battery electri...

News  Updated at: 2025/10/14

Vulcan Energy secures permit for lithium plant in Germany On September 10, Vulcan Energy announced that it has secured the permit to build and operate its Central Lithium Plant (CLP) for the Phase One Lionheart Project and a second phase to produce battery-quality lithium hydroxide monohydrate (LHM) at Industrial Park Höchst, Frankfurt, Germany. In Phase One, the CLP will be able to produce up to 24,000 tonnes of lithium hydroxide monohydrate (L...

News  Updated at: 2025/09/12

Vulcan Energy secures EUR 104 million in funding for lithium project in Germany On July 22, Vulcan Energy announced that the German federal government, along with the states of Rhineland-Palatinate and Hesse, has secured approximately EUR 104 million in funding for the "Clean Lithium for Battery Cell Manufacturing" (Li4BAT) project. The funding aims to support large-scale lithium extraction and processing for the European battery and automotive ...

News  Updated at: 2025/07/23

Vulcan Energy, Germany produces first battery-grade lithium hydroxide On January 13, Vulcan Energy announced that it has produced its first battery-grade lithium hydroxide monohydrate (LHM) at the Central Lithium Electrolysis Optimization Plant (CLEOP) facility in Frankfurt-Höchst, marking Europe’s first fully local production of LHM, from raw material extraction to the final product. The lithium product will now be used in qualification proc...

News  Updated at: 2025/01/16

Vulcan receives nod from EIB to join phase one of financing On December 11, Vulcan Energy announced an update on the proposed involvement of the European Investment Bank (EIB) in the Company’s debt financing process. Vulcan is developing the world’s first integrated renewable energy and a lithium project in the Upper Rhine Valley, Germany, aiming to decarbonize the lithium supply chain for electric vehicles (EVs). In February 2024, Vulcan Ene...

News  Updated at: 2024/12/17

nology reduces fuel consumption by 40% compared with an equivalent combustion engine. Another focus is reducing the carbon footprint of materials. For example, the Scenic E-Tech Electric uses up to 25% recycled materials, while the Mobilize Duo is made from 44% recycled materials. Partnerships with Vulcan, Germany and Terrafame, Finland aim to source low-carbon lithium and nickel for electric vehicle batteries, with a goal of cutting material car...

News  Updated at: 2024/12/09

Vulcan opens downstream lithium hydroxide optimisation plant in Germany On November 8, Vulcan Energy officially opened its downstream Central Lithium Electrolysis Optimisation Plant (CLEOP) at Industrial Park Höchst Frankfurt, Germany. The plant is now producing lithium hydroxide from the processing of high-purity lithium chloride concentrate extracted from brines at the Company’s upstream optimization plant in nearby Landau. CLEOP will be use...

News  Updated at: 2024/11/11

  By 2028, VW plans to begin incorporating this low-carbon steel into its EV production, addressing the fact that steel accounts for 15-20% of an EV’s emissions. This partnership aligns with VW’s broader strategy of decarbonizing its operations, which includes collaborations with Salzgitter AG, Vulcan Green Steel, and an investment in H2 Green Steel. (VW Group on October 22, 2024)...

News  Updated at: 2024/10/23

VW partners with Vulcan Green Steel for low-carbon steel production On June 12, Volkswagen signed a memorandum of understanding (MoU) with Vulcan Green Steel on low-carbon steel, a pivotal part of Volkswagen's green steel strategy. Volkswagen expects to order significant volumes of low-carbon steel from Vulcan Green Steel, covering a substantial portion of its total steel requirements starting in 2027. Vulcan will produce automotive-grade and hig...

News  Updated at: 2024/06/12

Vulcan, Germany partners with JordProxa, Australia for Zero Carbon Lithium project On May 23, Vulcan Energie Ressourcen GmbH and JordProxa Pty. Ltd., an engineered solutions provider to produce pure battery chemicals, signed a memorandum of understanding (MoU) for the technology and process components of Vulcan’s phase one renewable energy and Zero Carbon Lithium project, focusing on lithium extraction and central lithium plants. The expected c...

News  Updated at: 2024/05/29

ABB signs MoU with Vulcan Energy, Germany to support lithium production for battery manufacturing On April 26, ABB and Vulcan Energy Resources signed a Memorandum of Understanding (MoU) agreement to jointly establish design, engineering, execution, and operations plans for strategically important reserves of lithium in Europe. The agreement sets out how ABB will collaborate with Vulcan to identify, pursue, and secure opportunities to deliver elec...

News  Updated at: 2024/04/26

Vulcan starts production of lithium chloride in Germany On April 11, Vulcan Energy Resources Limited announced the Start of Production (SOP) of the first Lithium Chloride (LiCl) product at Vulcan’s Lithium Extraction Optimization Plant (LEOP) in Landau, Germany. The LiCl produced by LEOP represents the first lithium chemicals fully produced from a locally sourced raw material at this plant scale in Europe.  LEOP is showing strong early results...

News  Updated at: 2024/04/11