Sunday, December 7, 2025

Charged EVs | Vulcan Power secures €1 billion in financing for lithium manufacturing in Germany

The Export and Funding Fund of Denmark (EIFO) has granted an export mortgage of €100 million to Vulcan Power for its Section One Lionheart Undertaking, bringing the entire debt bundle for the undertaking to roughly €1 billion.

Situated within the Higher Rhine Valley Brine Area (URVBF) in southwestern Germany, the Lionheart Undertaking goals to determine Europe’s first home provide of sustainable lithium.

China presently dominates world lithium refining. Vulcan’s Lionheart Undertaking will handle each stage of the lithium worth chain, from extraction to processing, lowering dependency on imports and strengthening European provide safety.

“Lionheart is a strategically vital undertaking which strengthens Europe’s provide chain and reduces its dependence on imports from China,” stated EIFO Chief Business Officer Peter Boeskov. “Lithium is important for Europe’s power and mobility transition, and the Lionheart Undertaking offers Europe with a brand new sustainable supply.”

“Lionheart is about to ship Europe’s first totally home and sustainable lithium worth chain, and with EIFO’s assist, we now look ahead to shifting into the development part of the undertaking,” stated Vulcan Power Managing Director and CEO Cris Moreno.

Vulcan’s built-in geothermal and lithium manufacturing course of extracts lithium chloride (LiCl) immediately from naturally heated subterranean brine whereas concurrently producing renewable geothermal power for native communities and business.

Vulcan says its geothermal lithium extraction course of considerably reduces the environmental influence of lithium manufacturing, because it makes use of recycled water and inexperienced power. Lionheart will use each new and current geothermal wells to maximise infrastructure effectivity. Vulcan will construct a central processing plant at Industriepark Höchst close to Frankfurt, the place the extracted lithium will probably be transformed into lithium hydroxide monohydrate (LHM) for direct use in battery manufacturing for the European automotive business.

Vulcan’s Section One Lionheart goals to supply 24,000 tonnes of LHM per yr—sufficient to produce batteries for about 500,000 electrical autos—whereas additionally producing 275 GWh of renewable energy and 560 GWh of warmth for native customers.

Vulcan has already signed long-term provide agreements with clients together with Stellar, LG Power Resolution, Umicore and Glencore.

Supply: Vulcan Power


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