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VULCAN ENERGY RESOURCES LIMITED ​​​​​​​Vulcan Energie Ressourcen GmbH and Mannheim-based energy company MVV sign 20-year supply agreement for CO²-free heat

Directive transparence : information réglementée

05/04/2022 12:47

DGAP-Ad-hoc: Vulcan Energy Resources Limited / Key word(s): Contract
​​​​​​​Vulcan Energie Ressourcen GmbH and Mannheim-based energy company MVV sign 20-year supply agreement for CO²-free heat

05-Apr-2022 / 12:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Vulcan Energie Ressourcen GmbH and Mannheim-based energy company MVV sign 20-year supply agreement for CO²-free heat

Vulcan Energie Ressourcen GmbH (Vulcan) and MVV Grüne Wärme GmbH, a company being part of the MVV Group, have signed a 20-year heat supply agreement.

Under the agreement, which is due to come into effect in 2025, Vulcan will supply renewable heat with a total volume of between 240 and 350 gigawatt hours per year to MVV.

The heat will be supplied from Vulcan's planned geothermal wells in the area surrounding the City of Mannheim. Heat will be transferred via heating grids and a series of underground pipes that deliver hot water or steam to buildings in the local community.

This is the first of a number of planned district heating agreements for Vulcan, the Company is developing its Mannheim licence as part of a planned larger Phase 2 of the Zero Carbon Lithium(TM) Project.

The conclusion of this contract proves that the supply of green heat is a sustainable and attractive business model that meets with great interest from municipal utilities.

Daniel Tydde, Company Secretary


05-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Vulcan Energy Resources Limited
Level 11, Brookfield Place, 125 St Georges Terrace
6000 Perth
Australia
E-mail: dtydde@v-er.eu
Internet: www.v-er.eu
ISIN: AU0000066086
WKN: A2PV3A
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1320523

 
End of Announcement DGAP News Service

1320523  05-Apr-2022 CET/CEST

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