The Australian-German company Vulcan Energy has signed a framework agreement with Siemens AG worth approximately 40 million euros. The agreement covers the supply of engineering, automation, telecommunications, and building services systems for Vulcan Energy’s “Lionheart” project in the Upper Rhine Graben.
The Lionheart project involves developing an integrated lithium and energy production facility that uses geothermal brine. The facility’s planned annual capacity is 24,000 metric tons of lithium hydroxide monohydrate. Additionally, the project will provide renewable energy and heat to local consumers. The project is expected to operate for approximately 30 years.
Siemens’ Role
According to the agreement, Siemens will serve as the primary automation partner for the project. This includes providing control systems, industrial networks, and a cybersecurity infrastructure. The contract also includes building automation and safety systems. In addition to the lithium extraction plant in Landau, implementation will cover further processing in Frankfurt-Höchst, as well as several extraction sites.
The agreement is based on a framework model. Individual services will be specified through separate orders. Vulcan has committed to a minimum order value of 40 million euros. Additionally, Siemens Financial Services will contribute 67 million euros to the total financing of 2.2 billion euros.
This agreement follows a memorandum of understanding that the two companies signed in 2025. This designation named Siemens as a “preferred supplier” through the end of 2035.
Source:
https://api.investi.com.au/api/announcements/vul/66938359-f91.pdf
