Vulcan Energy Secures Permits for Geothermal Plant in Germany

Vulcan Energy Resources Ltd. ( (AU:VUL) ) has provided an update.

Vulcan Energy Resources Ltd. has received building permits for its Phase One Lionheart Project, which includes a 30MW geothermal renewable energy plant and electrical substation in Landau. This development will enable Vulcan to increase its baseload renewable power supply, both for grid sales and its operations, supporting its goal of producing lithium with a carbon-neutral footprint. The project aligns with Germany’s commitment to expanding renewable energy sources, including geothermal, backed by a €500bn Special Infrastructure Investment Fund. Vulcan’s progress in securing permits and government support positions it well for future growth in the Upper Rhine Valley, contributing to Europe’s renewable energy needs and the local production of sustainable lithium for the battery industry.

The most recent analyst rating on (AU:VUL) stock is a Buy with a A$11.50 price target. To see the full list of analyst forecasts on Vulcan Energy Resources Ltd. stock, see the AU:VUL Stock Forecast page.

More about Vulcan Energy Resources Ltd.

Vulcan Energy Resources Ltd. is a company focused on developing the world’s first carbon-neutral, integrated lithium and renewable energy business. The company aims to decarbonize battery production by harnessing geothermal energy to produce lithium from sub-surface brines. Vulcan’s Lionheart Project, located in the Upper Rhine Valley Brine Field, is the largest lithium resource in Europe and a tier-one lithium project globally. The company uses its proprietary VULSORB® technology to create a sustainable lithium source for European electric vehicle batteries.

Average Trading Volume: 685,310

Technical Sentiment Signal: Sell

Current Market Cap: A$944.7M

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