Vulcan Energy (ASX:VUL) has entered into a €40 million ($63.7 million) major project framework agreement with Siemens for engineering, automation, telecommunications, and building technology systems for the Lionheart Project in Germany.
The agreement is the final supply agreement needed for Lionheart, which is focused on the construction of an integrated lithium and renewable energy project with a targeted production capacity of 24,000 tonnes of lithium hydroxide monohydrate over a 30-year project life.
Siemens will be the project’s Main Automation Contractor (MAC) for the company’s upstream commercial Lithium Extraction Plant, which is already under construction, and the downstream Central Lithium Plant, as well as its production well sites.
Siemens’ focus will be on engineering and delivery of the distributed control system, industrial network, cybersecurity infrastructure, building automation, safety, and design and lifecycle services.
The agreement follows a memorandum of understanding from 2025 by the two parties, solidifying Siemens as a preferred supplier until the end of 2035.
Alongside this agreement, Siemens Financial Services has agreed to invest €67 million towards Vulcan’s €2.2 billion financing package, secured in December 2025.
Vulcan Managing Director Cris Moreno says that the agreement builds on the established partnership between Vulcan and Siemens and acknowledges the two parties’ shared commitment to innovation and sustainability.
“We are pleased to be working alongside Siemens who have a vast local presence and history working in the broader region, and bring decades of experience in delivering engineering, automation, telecommunications, and digital technology systems to similar types of industrial projects,” Moreno says.
“With construction underway, the stage is set for Vulcan and our key partners to deliver our flagship Lionheart Project, which will deliver Europe’s first fully domestic and sustainable lithium supply chain.”
Vulcan Energy is focused on building the world’s first integrated carbon-neutral lithium and renewable energy business, working toward the decarbonisation of battery production.
Write to Amy Rotman at Mining.com.au
Images: Vulcan Energy
