Stellantis has teamed up with lithium group Vulcan Energy Resources to develop geothermal power initiatives in Germany to assist decarbonize manufacturing of autos at Rüsselsheim, the automaker stated in a press release.
Stellantis’ Rüsselsheim facility is the place the automaker produces its DS 4 and Opel Astra fashions.
“Stellantis and Vulcan will purpose to supply clear electrical energy and provide it to the grid for each inner and exterior consumption, in accordance with Germany’s Renewable Energy Act (EEG), whereas additionally producing warmth to be transferred to Stellantis’ manufacturing web site, the 2 firms stated.
War in Ukraine has tightened Europe’s power provide, inflicting uncertainty for producers already affected by strained provide chains for uncooked supplies and parts resembling semiconductors.
Australia-based Vulcan initially will perform a pre-feasibility examine for the event of power initiatives.
The two firms collectively will search public funding alternatives for it whereas Stellantis, which holds an 8 % stake in Vulcan, will purpose to supply funding for 50 % of the mission’s improvement.
Stellantis CEO Carlos Tavares stated the partnership with Vulcan strengthened the group’s dedication to better use of unpolluted power.
“It is one of many actions we have taken to drive results, impact, and sustainability,” he stated.
The automaker already has a cope with Vulcan for the availability of lithium from the miner’s mission within the Upper Rhine Valley in Germany.
Extending its community of direct offers with uncooked materials suppliers for EV batteries, Stellantis final week signed a contract with Australian miner Element for manganese sulphite.
It beforehand introduced agreements with GME Resources on nickel and cobalt sulphate and with U.S.-based Controlled Thermal Resources for lithium hydroxide.
Stellantis needs battery electrical autos to account for 100% of its European passenger automobile gross sales and 50 % of its U.S. passenger automobile and light-duty truck gross sales by 2030.
Source: europe.autonews.com