Nov 12 (Reuters) - Australia-listed Vulcan Energy Resources VUL.AX said on Tuesday it had received 100 million euros ($106.42 million) funding from the German Federal Ministry for its renewable energy plant in Landau, Germany.
The Vulcan HEAT4LANDAU project is for generating renewable geothermal heat to support Landau's transition to a sustainable and renewable district heating, starting in 2026.
The project is part of Vulcan's Phase One Lionheart Project, which aims for a 24,000 metric tons of lithium hydroxide production capacity per year, strengthening Europe's green lithium supply chain.
The German Recovery and Resilience Plan funding programme is one of the several grants under the German national government and European Commission initiatives for which Vulcan has applied, the company said.
($1 = 0.9397 euros)
(Reporting by Sneha Kumar in Bengaluru; Editing by Rashmi Aich)
((Sneha.Kumar@thomsonreuters.com;))
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