Conditional agreement updates earlier offer of funding for first geothermal brine project
Export Finance Australia has conditionally approved an almost A$200 million debt facility for Vulcan Energy Resources' first-of-its-kind Lionheart lithium and renewable energy project in Germany's Upper Rhine Valley.The $196 million commitment from the Australian government's export credit agency builds on a letter of support issued in October 2023 and remains conditional on final due diligence and the signing of legal documentation.Vulcan needs around $2.
The UK-based Faraday Institution expects European gigafactory capacity by 2030 to be around 1350 gigawatt hours per annum, more than double its prior estimate of 450GWh, with 38 plants now expected to be producing battery cells by the turn of the decade.That's the space Vulcan is targeting.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vulcan keeps kicking goals in Germany with BASF dealVulcan keeps kicking goals in Germany with BASF deal
Read more »
England 37 Australia 42: Red Rose suffer heartbreaking loss to Australia after dramatic late try seals...
Read more »
Gout Gout: Australian 16-year-old breaks 200m record in 20.04secs during school championshipsAustralian teenage sensation Gout Gout enters the record books by becoming the fastest 16-year-old in history over 200 metres.
Read more »
Teenage athletics sensation Gout Gout breaks two records including one set by Usain BoltThe teenager ran the 200m at the Australian schools championships.
Read more »
Student loans: Former university students urged to check for refundsNew figures show university graduates could be eligible for refunds worth nearly £200m.
Read more »
Usain Bolt once made intriguing admission about changing his mind before setting 100m world recordThe eight-time Olympic champion almost was only going to run the 200m
Read more »