Stellantis N.V. and Vulcan Energy Resources Limited have signed a binding term sheet for the first phase of a multiphase project to develop new geothermal.
Vulcan Energy Resources (ASX: VUL) and global car maker Stellantis NV have signed an agreement for the first phase of a geothermal project aimed at decarbonising the energy mix of Stellantis’ Mulhouse industrial site in France.
ASX-listed Vulcan Energy has inked a binding term sheet with automaker Stellantis for the first phase of a multiphase project, to develop new geothermal projects aimed at decarbonising the energy mix of Stellantis’ Mulhouse industrial site in France.
The Mulhouse plant is home to the DS 7, Peugeot 308 and 308 SW, 508 and 508 SW and the new 408 models, and based on current assumptions, the planned renewable energy project could provide a significant portion of the industrial site’s annual energy needs starting in 2026.
Vulcan and Stellantis in Joint Project to Develop Geothermal Renewable Energy to Supply Mulhouse Plant in France Vulcan and Stellantis sign fourth agreement together after: a binding lithium. | May 31, 2023