Stellantis, Vulcan Energy to Test Geothermal Energy at German Auto Plant
17 Enero 2023 - 6:06AM
Noticias Dow Jones
By Christian Moess Laursen
Stellantis NV said Tuesday that it signed an agreement with
Vulcan Energy Resources Ltd. to decarbonize Stellantis's
Ruesselsheim site, which manufactures its DS4 and Opel Astra.
The global auto maker, which owns Jeep, Ram Trucks and other
well-known car brands, said the project will explore the possible
use of geothermal energy at the manufacturing site in western
Germany.
Stellantis didn't disclose financial details.
In its first phase, Vulcan, an Australia-based decarbonizing
company, will examine whether it is feasible for Stellantis to
construct the geothermal assets, and if successful, the next phase
will focus on drilling and more advanced studies and development,
Stellantis said.
The geothermal assets will decarbonize the energy mix of the
site and could provide a significant portion of the location's
annual energy needs starting in 2025, the company said.
Stellantis will look to source funding for 50% of the project,
which is also supported by the local government, the company
said.
The project is part of Stellantis's plans to halve its carbon
emissions by 2030, before becoming carbon-neutral in 2038, it
said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
January 17, 2023 06:51 ET (11:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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