Stellantis, the multinational automotive company, has entered into a new agreement with Vulcan Energy Resources, an Australian lithium supplier listed on the stock exchange. The collaboration is aimed at reducing carbon emissions in Stellantis’s European operations. With the increasing global demand for electric-vehicle batteries, Stellantis has been securing key minerals through various agreements with mining companies, including Vulcan. In fact, Stellantis has become the second largest investor in Vulcan.
The binding agreement, announced recently, focuses on the initial phase of a project to develop new geothermal sources that will contribute to the energy supply of Stellantis’s manufacturing plant in Mulhouse, located in eastern France. This facility produces several Peugeot and DS models, including the fully electric Peugeot e-308. However, the financial details of the agreement were not disclosed.
Stellantis and Vulcan Energy Resources have collaborated on geothermal projects

This is not the first time Stellantis and Vulcan Energy Resources have collaborated on geothermal projects. Earlier this year, they joined forces to develop geothermal energy initiatives that would support electric vehicle production at Stellantis’s Rüsselsheim facility in Germany. Stellantis is actively exploring various solutions, including geothermal energy, to achieve its carbon net zero goal by 2038, according to Arnaud Deboeuf, Stellantis Chief Manufacturing Officer.
The first phase of the project will be located in Vulcan’s focus area in the Upper Rhine valley and will involve conducting a study to assess the feasibility of constructing geothermal renewable energy assets for the Mulhouse facility. Additionally, the project will explore the potential for lithium production. If everything goes according to plan, the renewable energy project could meet a significant portion of the site’s annual energy requirements starting in 2026.
Stellantis and Vulcan have agreed to share the costs of project development equally, with each party funding 50%. Furthermore, they intend to seek public funding in France to support the project. The collaboration between Stellantis and Vulcan Energy Resources highlights their commitment to sustainable energy solutions and their contribution to the transition towards a greener future.