Vulcan Energy Signs Renewable Heat Agreement with Energie Sued-West

Vulcan Energy Resources Limited has signed a renewable heat offtake agreement with EnergieSüdwest AG, a German municipal energy supplier. This agreement is part of Vulcan's Lionheart Phase One Project, aiming to supply geothermal renewable heat to districts in the Landau area for 35 years. Representatives of both companies and the Mayor of Landau, Dr. Dominik Geißler, attended the signing ceremony. The agreement follows the commencement of renewable heat supply to ESW in April 2025 using Vulcan's geothermal wells.

As part of the HEAT4LANDAU Project, Vulcan intends to expand heat supply with plans to complete five additional production well sites. The project is partially funded by a €100 million grant from the German Federal Ministry of Economics and Climate Protection. This agreement supports Germany’s target of generating substantial geothermal energy by 2030 under the Geothermal Acceleration Act.