India, April 19 -- Vulcan Energy (VUL.AX) announced that it has entered into a major project framework agreement valued at approximately 40 million euros with Siemens AG for the supply of engineering, automation, telecommunications, and building technology systems for its flagship Lionheart Project in Germany's Upper Rhine Valley.
Lionheart is an integrated lithium and renewable energy project targeting annual production of 24,000 tonnes of lithium hydroxide monohydrate (LHM), sufficient for around 500,000 electric vehicle batteries. The project will also deliver 275 GWh of renewable power and 560 GWh of heat per year to local consumers, with an estimated 30-year project life.
The Siemens Agreement represents the final major supply contra...