Siemens Secures Major Agreement for Lionheart Project

Vulcan Energy Resources has signed a significant supply agreement with Siemens AG for its Lionheart Project in Germany. The €40 million contract includes engineering, automation, telecommunications, and building technology systems. These systems will be installed at various stages of the project, including the Lithium Extraction Plant in Landau and the Central Lithium Plant in Frankfurt.

The Lionheart Project aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually, supporting approximately 500,000 electric vehicle batteries and generating renewable energy for local consumption. This agreement with Siemens finalizes the major supply contracts for the project, following a memorandum signed in 2025 to cement Siemens' role until 2035.

Siemens will also invest €67 million through Siemens Financial Services as part of Vulcan's financing package. The partnership underscores their shared dedication to innovation and sustainability, marking a pivotal step in establishing a carbon-neutral lithium supply chain in Europe.