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Press Release20 April 2026Siemens AGMunich
Siemens and Vulcan Energy partner to scale Europe's sustainable lithium supply
Lionheart involves the construction of an integrated lithium and
renewable energy project targeting production capacity of 24,000 tons of
lithium hydroxide monohydrate (LHM), enough for ca. 500,000 electric vehicle
batteries per annum, with a co-product of 275 GWh of renewable power and 560
GWh of heat per annum for local consumers, over an estimated 30-year project
life. By partnering with Siemens, Vulcan Energy and the Lionheart Project will benefit
from automation and digitalization technologies essential for operating this
landmark integrated project.
“As both a strategic investor and a key technology partner, we are
helping Vulcan Energy establish Europe’s first major sustainable source of
lithium,” said Roland Busch, President and CEO of Siemens AG. “With
our technology – from advanced automation and digitalization to smart building
solutions – we help to ramp-up production faster. This is essential to create a local
lithium supply for our energy transition and a more competitive, resilient and
sustainable European industry. It is a powerful example of strengthening growth
and competitiveness in line with the Made for Germany initiative.”
“The agreement reflects the growing strength of our partnership with
Siemens and reinforces our confidence in delivering the objectives of Vulcan’s Lionheart
Project. This partnership is an important step in unlocking future
opportunities for growth, as we progress toward our goal of decarbonizing
Europe’s battery supply chain,” commented Cris Moreno, Vulcan’s Managing
Director and CEO.
The agreement focuses on two key technologies. It will provide
comprehensive automation and digitalization capabilities by delivering
end-to-end project solutions from the Siemens Xcelerator portfolio –
including advanced instrumentation, distributed control systems, digital twin
technology, industrial network, IT security and analytics that will enable
integrated operations from resource extraction to final production. The
agreement will also provide smart infrastructure solutions from across Siemens’
buildings portfolio.
Siemens has also
played a key role in the financing of Lionheart. When the transaction closes,
Siemens Financial Services (SFS) will become a minority investor and part of a
strategic investor consortium that includes HOCHTIEF and Demea
Sustainable Investment. SFS
also introduced the Export and Investment Fund of Denmark (EIFO), an
international financing partner, into the Lionheart debt consortium.
The partnership’s integrated approach will enable Vulcan to operate a
multi-site project in the Upper Rhine Valley and Frankfurt region, with Siemens
technology providing the industrial and building automation capabilities
essential for efficient and sustainable operations. This partnership is in line
with the EU's ambition to increase resource independence and strengthen the
e-mobility supply chain, with the project classified as a Strategic Project
under the EU's Critical Raw Materials Act. The partnership will directly
contribute to expanding Europe's sustainable lithium supply and advancing its
energy transition.
For this press release
Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI – including generative AI – to real-world applications, making AI accessible and impactful for customers across diverse industries. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably. In fiscal 2025, which ended on September 30, 2025, the Siemens Group generated revenue of €78.9 billion and net income of €10.4 billion. As of September 30, 2025, the company employed around 318,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.
Vulcan Energy (ASX: VUL, FSE: VUL) is building the world’s first carbon neutral, integrated lithium and renewable energy business to decarbonise battery production. Located in the Upper Rhine Valley Brine Field bordering Germany and France, Vulcan’s Lionheart Project is a global tier-one lithium project and Resource. Harnessing natural heat to produce lithium from sub-surface brines and to power conversion to battery-quality material and using its in-house industry-leading technology VULSORB®, Vulcan is building a local, low-cost source of carbon neutral lithium for European electric vehicle batteries. For more information, please go to https://v-er.eu/.