Siemens and Vulcan Energy Form Strategic Partnership to Advance Europe’s First Integrated Lithium and Renewable Energy Project

Siemens and Vulcan Energy Form Strategic Partnership to Advance Europe’s First Integrated Lithium and Renewable Energy Project

(IN BRIEF) Siemens has been selected as the preferred automation and digitalization technology supplier for Vulcan Energy’s Lionheart Project, a major initiative aimed at developing Europe’s first fully integrated lithium and renewable energy operation. The project, located in Germany’s Upper Rhine Valley, will produce lithium for electric vehicle batteries while also generating renewable electricity and heat. Siemens will provide advanced technologies, including automation systems, digital twins, and analytics tools, to support efficient and integrated operations. In addition to its technological role, Siemens Financial Services will participate as an investor in the project. The partnership supports Europe’s goals of strengthening its battery supply chain, increasing resource independence, and advancing the energy transition.

(PRESS RELEASE) MUNICH, 20-Apr-2026 — /EuropaWire/ — Siemens AG has been selected as the preferred supplier of automation and digitalization technologies for Vulcan Energy’s Lionheart Project in Germany, marking a significant step forward in the development of Europe’s first fully integrated lithium and renewable energy initiative. The two companies have formalized their collaboration through a framework agreement and a Memorandum of Understanding that positions Siemens as Vulcan’s preferred technology partner through 2035, with scope extending to future project phases.

Located in the Upper Rhine Valley, the Lionheart Project is designed to combine lithium extraction with renewable energy generation, targeting an annual production capacity of approximately 24,000 tonnes of lithium hydroxide monohydrate. This output is expected to support the production of around 500,000 electric vehicle batteries each year. In addition to lithium production, the project will generate around 275 GWh of renewable electricity and 560 GWh of heat annually for local use over an anticipated operational lifespan of 30 years.

Through the partnership, Siemens will provide a comprehensive suite of technologies that will underpin the project’s operations. These include advanced automation and digitalization solutions from the Siemens Xcelerator portfolio, such as instrumentation systems, distributed control systems, digital twin capabilities, industrial networking, IT security, and data analytics tools. Together, these technologies will enable seamless integration across the entire value chain, from resource extraction to final lithium production. Siemens will also contribute smart infrastructure solutions from its building technologies portfolio to support efficient and sustainable site operations.

Roland Busch, President and Chief Executive Officer of Siemens AG, highlighted the strategic importance of the collaboration, emphasizing that the partnership supports the creation of a sustainable domestic lithium supply in Europe. He noted that Siemens’ technologies will help accelerate production ramp-up while contributing to a more resilient and competitive industrial base aligned with Europe’s energy transition goals.

Cris Moreno, Managing Director and CEO of Vulcan Energy, stated that the agreement strengthens the relationship between the two companies and supports the advancement of the Lionheart Project. He emphasized that the partnership represents a key step toward achieving the company’s objective of decarbonizing Europe’s battery supply chain and unlocking further growth opportunities.

In addition to providing technology solutions, Siemens is also contributing to the project’s financing. Upon completion of the transaction, Siemens Financial Services will become a minority investor within a strategic consortium that includes HOCHTIEF and Demea Sustainable Investment. Siemens Financial Services also facilitated the involvement of the Export and Investment Fund of Denmark as a financing partner within the project’s debt structure.

The integrated approach adopted in this collaboration will enable Vulcan to manage a multi-site operation spanning the Upper Rhine Valley and the Frankfurt region, with Siemens’ technologies supporting both industrial processes and building automation. The project aligns with the European Union’s objectives to strengthen resource independence and enhance the e-mobility value chain, having been designated as a Strategic Project under the Critical Raw Materials Act.

By combining lithium production with renewable energy generation and advanced digital technologies, the Lionheart Project is expected to play a pivotal role in expanding Europe’s sustainable lithium supply and accelerating the transition toward cleaner energy and transportation systems.

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/.

Media Contacts:

Florian Martini
+49 174 1552072
florian.martini@siemens.com

Bernhard Mors
+49 173 5670821
bernhard.mors@siemens.com

SOURCE: Siemens