• Critical raw materials, in particular Lithium, are the building blocks for cutting-edge technologies that drive innovation: Semiconductors, Electronics, Renewable Energy and aerospace – they are the invisible backbone of modern life and Europe’s Energy Transition.
• Europe is, to date, fully relying on importing Lithium, with more than 65% of production and refining capacity based in Asia and controlled by a single country, leading to supply chain risks and significant environmental impacts.

• Vulcan Energy’s integrated model combines geothermal energy production (200°C brine) with Direct Lithium Extraction technology to produce lithium hydroxide for battery manufacturing. The integrated facility will co-generate 275 GWh of electricity and 560 GWh of heat annually, allowing decarbonization of district heating in the region.
• Siemens Financial Services, alongside strategic partners HOCHTIEF and the German Critical Raw Material Fund (managed by KfW), enabled a EUR 2.2bn financing package to fund Project Lionheart's construction, combining equity investment with institutional (such as EIB and Export and Investment Fund of Denmark) and commercial lending.

Vulcan Energy is a pioneer in sustainable lithium production, focusing on developing a carbon-neutral lithium supply chain. Founded in 2018 and headquartered in Australia and Germany, Vulcan integrates geothermal energy to decarbonize heating and strengthen the European lithium supply chain.