Backed by a team of experts in chemistry, geology, engineering, and project management, Vulcan Energy Resources aims to produce the world’s first battery-quality lithium chemical with zero carbon footprint for Electric Vehicle (EV) batteries, by harnessing renewable geothermal energy to drive lithium production, without using evaporation ponds, mining, or fossil fuels. Vulcan plans to do this via a combined deep geothermal and lithium brine resource in the Upper Rhine Valley in Germany and France, which it has bolted together with the zero fossil fuels lithium production process it has developed. The company claims these resources are large enough to satisfy Europe’s lithium needs for many years to come and ensure the transition to electric vehicles is done with a minimal environmental footprint while freeing Europe from dependence on foreign, high carbon imports of lithium, mostly from China. That is not all. Using the same deep brine sources, Vulcan says it can also produce renewable geothermal energy to both help power the electricity grid and provide heating for homes and businesses in Europe. (An aeriel view of Vulcan's Insheim Geothermal Power plant is pictured here.) “Our Zero Carbon Lithium Project marries geothermal energy and lithium production in an innovative and circular way, allowing us to be fossil fuel-free and ensure we deliver carbon neutral, domestically sourced energy and lithium from Europe, for Europe," says Vulcan Energy Resources’ Deputy CEO Cris Moreno, a speaker at the DLD conference in Munich January 12-14. "We are not building this in in 10 or 20 years, we are developing this now, today.” |