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Stellantis, Vulcan Energy to develop renewable energy assets in Germany

  • 📰 Reuters
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  • 2 min. at publisher
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  • News: 12%
  • Publisher: 97%

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Automaker Stellantis has teamed up with lithium group Vulcan Energy Resources to develop geothermal energy projects in Germany to help decarbonise production of electric vehicles at Rüsselsheim, the two companies said on Tuesday.

to develop geothermal energy projects in Germany to help decarbonise production of electric vehicles at Rüsselsheim, the two companies said on Tuesday.

"Stellantis and Vulcan will aim to produce clean electricity and supply it to the grid for both internal and external consumption, in accordance with Germany's Renewable Energy Act , while also producing heat to be transferred to Stellantis' manufacturing site, the two firms said in a statement. Australia-based Vulcan initially will carry out a pre-feasibility study for the development of energy projects.

 

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Vulcan Energy, Stellantis to develop renewable energy assets in GermanyAutomaker Stellantis is set to invest in a geothermal energy project in Germany with lithium developer Vulcan Energy Resources to help power a manufacturing facility for electric vehicles, Vulcan said on Tuesday.
Source: Reuters - 🏆 2. / 97 Read more »