Vulcan’s purpose is to empower a carbon neutral future by building the world’s first integrated sustainable lithium and renewable energy business.
The Vulcan approach
Vulcan Energy (ASX: VUL, FSE: VUL) is building the world’s first carbon neutral, integrated lithium and renewable energy business to decarbonise battery production. Located in the Upper Rhine Valley Brine Field between Germany and France, Vulcan’s Lionheart Project (Lionheart) is a lighthouse project for Europe’s energy and critical raw material resilience.
Lithium is to be extracted from low impurity geothermal sub-surface brines using Vulcan’s industry-leading VULSORB® technology. Naturally heated, the brine powers production and conversion of lithium to battery-quality material by creating a renewable energy co-product for use in operations, with surplus sold into the local energy market. This integration, technology and favourable brine chemistry collectively enables one of the lowest cost lithium operations globally.
More details please find in Vulcan’s latest Corporate Presentation.
Lionheart Project
Lionheart involves the construction of an integrated lithium and renewable energy project targeting production capacity of 24,000 tonnes of lithium hydroxide monohydrate (LHM), enough for ca. 500,000 electric vehicle batteries per annum, with a co-product of 275 GWh of renewable power and 560 GWh of heat per annum for local consumers, over an estimated 30-year project life.
Extraction is only the starting point. Vulcan has reimagined mining using innovation to integrate and capture more of the value chain. Vulcan has made its positive Final Investment Decision on Lionheart, construction is underway, offtake contracted, and further phases of production are in planning.
Vulcan’s integrated business
From the upstream resource to downstream finished materials, Vulcan’s integrated approach will deliver a basket of products for the European battery supply chain.
Our lithium applications include electric vehicles as well as battery energy storage systems for renewable energy and uninterrupted power supply for data centres and artificial intelligence.
Be first with Vulcan
Vulcan is leveraging its expert multidisciplinary team, leading technology and strategic position in the European battery supply chain to deliver its future focused ‘Lighthouse’ projects.
Focus on Europe
Europe is one of the fastest-growing regions globally for lithium-ion batteries. The demand sits across the entire supply chain from raw materials, precursor materials, components, batteries and end products. The European Union is targeting at least 40% of material processing and refinement to be carried out within its borders.
Currently, there is very little local supply of battery-quality lithium hydroxide monohydrate within Europe. Vulcan has the flexibility to produce a range of lithium products however our Lionheart Project will initially focus on lithium hydroxide to meet the needs of our offtake partners.
Sustainability is our purpose.
Sustainability is the cornerstone upon which Vulcan was founded and we are committed to being a leader in Environmental, Social and Governance (ESG) initiatives and reporting. Proudly disruptive, Vulcan’s diverse team comes from all over the globe, united by a passion for environmentalism and science. We aim to help decarbonise the electric vehicle industry.
