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Renewable Energy Update - July 2021 #2 | Allen Matkins
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Here s Where General Motors Will Get Its Lithium
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July 11, 2021
SALTON SEA French-Italian automaker Stellantis is the second major company to enter into an agreement to acquire lithium for its electric vehicle fleet from Controlled Thermal Resources’ Hell’s Kitchen project still under development, according to a report from Reuters on Friday, July 9.
Billed as the fourth-largest automobile manufacturer in the world, Stellantis announced deals with Controlled Thermal Resources and a second lithium project out of Germany during an announcement on its “comprehensive electrification strategy” at a media event in Amsterdam, Netherlands, the company’s headquarters, on Thursday, July 8.
It was part of a plan to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup, according to Reuters.
Photos Show How the California Drought Has Dried up Lakes, Reservoirs
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(Reuters) - Stellantis, the world s fourth-largest automaker with brands that include Jeep and Peugeot, has signed memorandums of understanding for lithium supply with geothermal brine projects in California and Germany, according to two sources.
Automakers across the globe have been jockeying for access to lithium, a key ingredient used to make electric vehicle (EV) batteries. They also want the metal to be produced with as little carbon footprint as possible.
Stellantis said this week it plans to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup.
The agreements are with privately held Controlled Thermal Resources (CTR) Ltd, which operates in California s Salton Sea about 160 miles (258 km) southeast of Los Angeles, and Vulcan Energy Resources Ltd, which operates in Germany s Black Forest area of southwestern Germany, according to the sources.