Technology and engineering solutions supplier, Odfjell Technology, has partnered with Vercana, Vulcan Group’s drilling subsidiary, for major geothermal project in Germany.
The two-year contract will see Odfjell provide tubular running services (TRS) to Vulcan’s Phase One Lionheart Project located in the Upper Rhine Valley which aims to produce lithium sustainably through a combination of harnessed geothermal energy with critical mineral extraction.
Alex Gomoescu, VP Continental Europe Well Services at Odfjell Technology, said, “This partnership with Vercana represents Odfjell Technology’s commitment to supporting the energy transition and expanding its involvement in green technology development. Odfjell’s proven track record in geothermal drilling makes us well-placed to support this developing sector that addresses Germany’s sustainability and energy security priorities.”
Managing Director of Vercana, Marco Koepsel, commented, “With Odfjell Technology, we have a proven partner supporting our project with reliable technology and operational strength. Together, we are driving forward sustainable lithium production and contributing to the growth of renewable energy in Germany.”
Currently, Germany’s geothermal market is experience rapid expansion, with the sector expected to grow at an annual rate of 1.95% from 2025 to 2029.