Vulcan Energy Advances Phase One Lionheart Project with Major EPC Contract

Vulcan Energy (ASX: VUL) has signed a €110 million contract with Turboden and ROM Technik to design and build its geothermal power plant in Landau, Germany, as part of the Phase One Lionheart Project. The facility will generate 275 GWh of renewable energy and produce 24,000 tonnes of lithium hydroxide annually, enough for around 500,000 electric vehicles. The plant will utilize Organic Rankine Cycle technology to deliver baseload renewable energy alongside lithium extraction, positioning Vulcan as a key supplier to Europe’s battery supply chain. Turboden, part of Mitsubishi Heavy Industries, brings global expertise in ORC systems, while ROM Technik will coordinate construction. The project has already secured building permits and land purchase approvals, with financing expected in H2 2025. Vulcan’s integrated approach aims to provide a local, sustainable, and cost-efficient source of lithium and renewable energy, supporting Europe’s transition to climate-neutral mobility.

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