Ann: Stellantis Agreement for Phased Renewable Energy Project, page-37

The German financial press and key players involved in the deal unsurprisingly have a better understanding and a more positive expectation than the HotCopper armchair worrywarts and scarebears:

https://www.finanznachrichten.de/nachrichten-2023-05/59223275-stellantis-n-v-vulcan-energy-and-stellantis-in-joint-project-to-develop-geothermal-renewable-energy-to-supply-mulhouse-plant-in-france-399.htm

Word from the top:

“...“We are proud to announce another step in our partnership with Vulcan, which demonstrates our commitment to increase the use of decarbonized energy solutions across our facilities," said Arnaud Deboeuf, Stellantis Chief Manufacturing Officer.”

Another 480 km² on track to be secured:

“...In November 2022, Vulcan announced that it had started a number of initiatives to expand its geothermal renewable energy and Zero Carbon Lithium business into France and specifically Alsace, which accounts for roughly one third of the Upper Rhine Graben. Vulcan has applied over the Mulhouse area for an exclusive lithium and geothermal license to secure another 480 km² of development area within the Upper Rhine Graben Valley Brine Field.”

€2 billion French public financing fund analysing:

“...Vulcan Zero Carbon Lithium project is aligned with the creation of the "French Mineral Resources Observatory" that aims to analyse the French critical raw materials resources and provide recommendations for public investment that will be supported by the recently announced new 2 billion euro "French Critical Raw Materials Fund".”

Local authority in full support:

“..."Stellantis is a major industrial player in the automotive sector in the Grand Est. This is why the Region wanted to support the group in its transition to electric. With this strategic partnership, transformation to create the industry of the future and the fight against global warming are taking shape in our Region thanks to a rational exploitation of geothermal energy," said Franck Leroy, President of the Grand Est Region.”