Australia-listed Vulcan Energy gets $106 mln funding from German ministry

reuters11-12

Australia-listed Vulcan Energy gets $106 mln funding from German ministry

Nov 12 (Reuters) - Australia-listed Vulcan Energy Resources VUL.AX said on Tuesday it had received 100 million euros ($106.42 million) funding from the German Federal Ministry for its renewable energy plant in Landau, Germany.

The Vulcan HEAT4LANDAU project is for generating renewable geothermal heat to support Landau's transition to a sustainable and renewable district heating, starting in 2026.

The project is part of Vulcan's Phase One Lionheart Project, which aims for a 24,000 metric tons of lithium hydroxide production capacity per year, strengthening Europe's green lithium supply chain.

The German Recovery and Resilience Plan funding programme is one of the several grants under the German national government and European Commission initiatives for which Vulcan has applied, the company said.

($1 = 0.9397 euros)

(Reporting by Sneha Kumar in Bengaluru; Editing by Rashmi Aich)

((Sneha.Kumar@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482974833?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-12 12:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482974833","market":"us","top_or_hot":-1,"title":"Australia-listed Vulcan Energy gets $106 mln funding from German ministry","media":"reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Australia-listed Vulcan Energy gets $106 mln funding from German ministry</title></head><body><p><span>Nov 12 (Reuters)</span><span> - </span>Australia-listed Vulcan Energy Resources <span>VUL.AX</span> said <span>on Tuesday it had</span> received 100 million euros ($106.42 million) funding from the German Federal Ministry for its renewable energy plant in Landau, Germany.</p><p>The Vulcan HEAT4LANDAU project is for generating renewable geothermal heat to support Landau's transition to a sustainable and renewable district heating, starting in 2026. </p><p>The project is part of Vulcan's Phase One Lionheart Project, which aims for a 24,000 <span>metric tons</span> of lithium hydroxide production capacity per year, strengthening Europe's green lithium supply chain.</p><p>The German Recovery and Resilience Plan funding programme is one of <span>the</span> several grants under the German national government and European Commission initiatives for which Vulcan has applied, the company said.</p><p>($1 = 0.9397 euros)</p><p> (Reporting by Sneha Kumar in Bengaluru; Editing by Rashmi Aich)</p><p> ((Sneha.Kumar@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia-listed Vulcan Energy gets $106 mln funding from German ministry</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia-listed Vulcan Energy gets $106 mln funding from German ministry\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 12:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241112:nL4N3MJ0H8:1><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australia-listed Vulcan Energy gets $106 mln funding from German ministryNov 12 (Reuters) - Australia-listed Vulcan Energy Resources VUL.AX said on Tuesday it had received 100 million euros ($106.42 ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241112:nL4N3MJ0H8:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VUL.AU","symbol_name":"VULCAN ENERGY RESOURCES LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241112:nL4N3MJ0H8:1","article_id":"2482974833","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482974833","pubTimestamp":1731386837,"sourceInfo":null,"weMediaInfo":{"media_name":"reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Australia-listed Vulcan Energy gets $106 mln funding from German ministryNov 12  - Australia-listed Vulcan Energy Resources VUL.AX said on Tuesday it had received 100 million euros  funding from the German Federal Ministry for its renewable energy plant in Landau, Germany.The Vulcan HEAT4LANDAU project is for generating renewable geothermal heat to support Landau's transition to a sustainable and renewable district heating, starting in 2026. The project is part of Vulcan's Phase One Lionheart Project, which aims for a 24,000 metric tons of lithium hydroxide production capacity per year, strengthening Europe's green lithium supply chain.The German Recovery and Resilience Plan funding programme is one of the several grants under the German national government and European Commission initiatives for which Vulcan has applied, the company said.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VUL.AU":"VULCAN ENERGY RESOURCES LTD","BK7095":"多种金属与采矿","BK7504":"锂钴概念"},"translate_title":"澳大利亚上市公司Vulcan Energy获得德国部委1.06亿美元资金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VUL.AU":0.9},"content_text":"Australia-listed Vulcan Energy gets $106 mln funding from German ministryNov 12 (Reuters) - Australia-listed Vulcan Energy Resources VUL.AX said on Tuesday it had received 100 million euros ($106.42 million) funding from the German Federal Ministry for its renewable energy plant in Landau, Germany.The Vulcan HEAT4LANDAU project is for generating renewable geothermal heat to support Landau's transition to a sustainable and renewable district heating, starting in 2026. The project is part of Vulcan's Phase One Lionheart Project, which aims for a 24,000 metric tons of lithium hydroxide production capacity per year, strengthening Europe's green lithium supply chain.The German Recovery and Resilience Plan funding programme is one of the several grants under the German national government and European Commission initiatives for which Vulcan has applied, the company said.($1 = 0.9397 euros) (Reporting by Sneha Kumar in Bengaluru; Editing by Rashmi Aich) ((Sneha.Kumar@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482974833"}