Photograph of DS SUV production at the Stellantis plant in Rüsselsheim, Germany.
Stellantis has partnered with lithium organization Vulcan Energy Resources to expand geothermal energy projects in Germany to decarbonize vehicle production in Rüsselsheim, the automaker said in a statement.
The Stellantis plant in Rüsselsheim is where the manufacturer produces its DS four and Opel Astra models.
“Stellantis and Vulcan will aim to generate blank electrical power and send it to the grid for internal and external consumption, in accordance with Germany’s Renewable Energy Act (EEG), while generating heat to transfer to Stellantis’ production site, either corporations told me.
The war in Ukraine has hardened Europe’s powerArray, creating uncertainty for brands already suffering from tight chains for fabrics and unfired parts, such as semiconductors.
The Australian company Vulcan, first of all, will conduct a pre-feasibility study for the progress of energy projects.
The two corporations will jointly pursue public investment opportunities, while Stellantis, which has an 8% stake in Vulcan, will seek to invest 50% of the project’s development.
Stellantis CEO Carlos Tavares said the partnership with Vulcan reinforces the group’s commitment to greater use of blank energy.
“This is one of the many steps we’ve taken to generate results, have an effect and sustainability,” he said.
The automaker already has an agreement with Vulcan for the allocation of lithium to mining in Germany’s Haut-Rhin Valley.
Expanding its network of direct deals with suppliers of unfired fabrics for electric vehicle batteries, Stellantis last week signed a contract with Australian miner Element for manganese sulfite.
In the past, it has announced deals with GME Resources on cobalt nickel sulfate and with U. S. -based Controlled Thermal Resources. UU, on lithium hydroxide.
Stellantis needs battery-electric cars to account for one hundred percent of its passenger car sales in Europe and 50% of its passenger car and light truck sales in the US. U. S. until 2030.
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