https://newsletter.en.creamermedia.com
Energy|PROJECT|Renewable Energy|Renewable-Energy|Resources|supply-chain|Sustainable
Energy|PROJECT|Renewable Energy|Renewable-Energy|Resources|supply-chain|Sustainable
energy|project|renewable-energy|renewable-energy-company|resources|supply chain|sustainable

Australia-listed Vulcan Energy gets $106m funding from German ministry

12th November 2024

By: Reuters

  

Font size: - +

Australia's Vulcan Energy Resources said on Tuesday it had received 100-million euros ($106.42-million) in funding from the German economy ministry for its renewable energy plant in Landau, Germany.

The Vulcan HEAT4LANDAU project is for generating renewable geothermal heat to support Landau's transition to sustainable and renewable district heating, starting 2026.

The project is part of Vulcan's Phase One Lionheart Project, which aims for a 24 000 metric tons of lithium hydroxide production capacity per year, strengthening Europe's green lithium supply chain.

The company's Phase One Lionheart Project financing process is on track, led by BNP Paribas, with a debt structuring group including the European Investment Bank, and others.

The German Recovery and Resilience Plan funding programme is one of the several grants under the German national government and European Commission initiatives for which Vulcan has applied, the company said.

Shares of Vulcan Energy surged as much as 16.8% to a more than 18-month high on Tuesday, before closing up 12%.

Edited by Reuters

Comments

Array

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.15 0.248s - 190pq - 2rq
Subscribe Now