Vulcan Energy acquires 2nd German geothermal engineering firm thinkgeoenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkgeoenergy.com Daily Mail and Mail on Sunday newspapers.
Battery Breakthroughs Make ICE Replacement Possible
Lithium finds itself at the heart of most of our technology today. It’s used in rechargeable batteries the world over and has largely been mined using environmentally costly methods. Some Auto manufacturers, like Mercedes and Volkswagen, have begun to invest heavily in means of recycling or producing lithium.
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One of the newest, most hopeful sources of Lithium that are being developed are found in Geothermal Brines, the liquid that geothermal energy companies use to run their generators. This could serve as a secondary income stream for these companies as the lithium is a highly sought-after commodity and seems fairly straight-forward to filter from the brine as it’s being pumped through the generator system.
Vulcan Energy (ASX:VUL) acquires second German geothermal engineering company
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Vulcan Energy (VUL) is set to double the size of its technical team with the acquisition of German geothermal engineering company Global Engineering and Consulting
The acquisition comes at the cost of 325,000 fully paid ordinary shares in Vulcan, plus an earn-out up to 1.19 million euros (roughly A$1.84 million) linked to project development milestones
The acquisition follows Vulcan’s recent agreement to acquire sub-surface development company GeoThermal Engineering
With the acquisition of both companies, Vulcan says it will have an unparalleled surface and sub-surface geothermal development team to assist with its Zero Carbon Lithium strategy
Vulcan now operating DLE pilot plant just-auto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-auto.com Daily Mail and Mail on Sunday newspapers.