Stellantis, Vulcan Energy Resources sign term sheet to develop geothermal projects in Europe
Stellantis estimates that the project with Vulcan could provide a significant portion of the industrial site’s annual energy needs starting in 2025
Stellantis N.V. and Vulcan Energy Resources Limited have signed a binding term sheet for the first phase of a multiphase project to develop new geothermal projects aimed at decarbonizing the energy mix of the carmaker’s Rüsselsheim-based industrial site in Germany, Stellantis said on 17 January 2023.
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