Vulcan Energy Resources Ltd (VULNF)

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Vulcan Energy Resources
5,682 followers
21h • 21 hours ago

The shocking events in Ukraine call for a reassessment of current policies in many areas, including and especially energy. Germany's dependence on Russian energy imports must be significantly reduced - and as quickly as possible.

The German government is currently discussing and developing a wide range of measures and Vulcan is advocating for geothermal technology to be embraced as a secure and clean supply of heat.

It is clear that Germany must expand energy production at home, particularly for heating, to be prepared for any shortages that result from a halt in Russian energy supplies.

We believe, consistent with a recent government commissioned study by the Fraunhofer Institute, that deep geothermal renewable energy is a critical part of the new energy mix required, providing a secure and at the same time clean supply of renewable heat. Together with near-surface geothermal energy, this technology is capable of covering around one-fifth of Germany's heat demand by 2030 and thus replacing a significant proportion of Russian natural gas imports.

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