- Stellantis ( NYSE: STLA ) and Vulcan Energy Resources ( OTCPK:VULNF ) to develop new geothermal projects aimed at decarbonizing the energy mix of Stellantis’ Rüsselsheim industrial site in Germany, which is home to both the DS4 and Opel Astra.
- The project could provide a significant portion of the industrial site’s annual energy needs starting in 2025.
- The project marks Stellantis’ first potential use of geothermal energy to decarbonize and localize its European operations, among renewable energy supply portfolio.
- Bothe the companies will evaluate business models, including selling electricity to public grid in accordance with Germany’s Renewable Energy Act (EEG).
- The agreement with Stellantis increases Vulcan’s decarbonizing impact on the European electric vehicle industry, complementing the carbon avoidance from its Zero Carbon Lithium Project.
For further details see:
Vulcan and Stellantis to explore geothermal energy supply at Rüsselsheim Plant in Germany