The game-changing investment has gone ahead – a new energy treasure in the heart of Europe

Production of “White Gold” has begun at the warehouse, which can operate 500,000 electric cars every year.

Gospel of joy For the energy sector in Europe, with the start of production Lithium In the Landau Ha Germanyin a project that is of special importance to her Battery supply chain to Electric cars.

In particular, as announced on Wednesday by the company Vulcan energyProduction started Lithium chloride In the mining plant in Germany With use Geothermal energy. As the company announced, this is a key step towards production Lithium hydroxide for batteries.

Vulcan Energy has obtained operating licenses for more than 1,000 kilometers of land in the valley region Upper Rhine, Germany To extract superheated lithium-rich brine from underground reservoirs, harnessing the heat to generate electricity, but also to extract lithium from brine.

The company already has deals for its lithium with automakers such as… Volkswagen And the excellentWhile preliminary results indicate that his mining project has a high efficiency rate, consistently exceeding 90%.

The lithium chloride that Vulcan will extract will be converted into it Lithium hydroxide
(Leo) For new batteries factory For the company in Frankfurtstarting from the second half of this year.

At the same time, the company's goal is… 2026 For production 24,000 tons of lithium hydroxide per year, Interview for 500,000 electric cars, As stated by the company's CEO, Chris Moreno.

The European Union has set ambitious targets for mining, recycling and refining lithium, cobalt and other minerals needed for the “green transition”, but according to Reuters, lack of funds, rising energy costs and domestic opposition could derail any of its plans. .

However, the German government created one An investment fund worth 1.1 billion euros To enhance the country's access to vital raw materials needed for high-tech and “green” projects.

Analysts believe that German investments in raw materials are of particular importance to the country seeking this decrease Ha Dependency Her from China that dominate a particular sector.

Read also: