The HEAT4LANDAU Project comprises of infrastructure necessary for 255MW of geothermal heat generation, transport, and delivery for the city of Landau starting in 2026. It is part of Vulcan Energy’s Phase One Lionheart project, which aims to supply lithium hydroxide derived from geothermal brine, at a volume equivalent to about 500,000 electric vehicles per annum.
Landau is the location of Vulcan’s existing upstream optimization plant (LEOP) and recently acquired Geox geothermal wells and renewable energy generation assets.
The BEW Funding programme is one of several grants under the German national government and European Commission initiatives for which Vulcan has applied. Vulcan’s financing of Phase One Lionheart Project has been timed to coincide with the completion of the public grant funding process.
The Company’s Phase One Lionheart Project financing process continues, led by BNP Paribas, with a debt structuring group including the European Investment Bank, Export Credit Agencies from Australia, France, Italy, and Canada, as well as major European banks ING, Unicredit, ABN-AMRO, and Natixis.
