Stellantis, Vulcan Energy Resources sign term sheet to develop geothermal projects in Europe

Strategic Partnerships

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.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload