(AOF) – Stellantis and Controlled Thermal Resources Holdings Inc. (CTR) announce an investment of more than $100 million by Stellantis for the development of CTR’s Hell’s Kitchen project, the largest geothermal lithium project in the world, with a total resource production capacity of 300,000 tons per year in lithium carbonate equivalent. The lithium produced at Hell’s Kitchen will enable Stellantis electric vehicles to be eligible for US Inflation Reduction Act (IRA) consumer incentives.
In addition, the two companies have extended the initial supply contract, which now provides for the production by CTR of 65,000 tons of lithium hydroxide monohydrate (LHM) per year for the manufacture of batteries, during the 10 years of the agreement.
This new agreement incorporates the original lithium supply agreement signed by the two companies in June 2022, for the supply of 25,000 tonnes of LHM per year.
CTR’s Hell’s Kitchen project in Imperial County, California will use geothermal brine to produce “green” lithium for batteries from renewable energy and steam in an integrated, closed-loop process. It thus avoids having to resort to brine ponds, surface mines or fossil fuels.
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