100% Climate Neutral - LEAG and Rock Tech Lithium Announce Collaboration for Green Electricity and Hydrogen
- German energy corporation LEAG and Rock Tech signed Letter of Intent
- LEAG could deliver Rock Tech's Guben Converter with carbon-neutral power and heat
- Converter could get hydrogen from LEAG's "Gigawatt Factory" with developing an electrolyser
- extended collaboration in attracting qualified talented and waste management options
GUBEN,
Green, renewable energies are a driving force in the structural transformation of Brandenburg and give organizations operating in the region a clear competitive advantage. Rock Tech also hopes to make a substantial contribution to the battery and EV industries by 2026 by refining lithium hydroxide in the Company's planned Guben Converter.
Both Rock Tech and LEAG want their planned collaboration to be the beginning of a long-term, mutually beneficial relationship between the two organizations. Aside from green electricity and heat supply, the LoI extends to collaboration in attracting qualified talent, waste management options and the potential for hydrogen supply.
"When companies choose a location today, it is contingent on three main factors," says LEAG CEO Thorsten Kramer, "industrial sites with adequate infrastructure, skilled staff potential, and, of course, reliable and cost-effective renewable power supply. With a focus on a 'decarbonising transformation,' we believe the Lusatia Region economically is on the right track. We are very glad to have found a partner in Rock Tech, whose product will contribute to the decarbonisation of the automotive sector. Using localized, climate-neutral energy supplies for production is a strong commitment towards sustainability."
"Our goal is to produce climate-neutral lithium with zero waste in
A first step will be to explore the installation of photovoltaic systems for green power supply onto Rock Tech's converter roof in Guben. In the long run, the lithium refinery may get hydrogen for its production from LEAG's "Gigawatt Factory". A second phase could be the development of an electrolyser at the Guben site. The two parties also aim to work together to recruit appropriately qualified people in a variety of fields, including lab technicians, chemical workers, welding specialists, and IT technicians.
On behalf of the Board of Directors,
Dirk Harbecke
Chairman & CEO
ABOUT ROCK TECH
Rock Tech is a cleantech company with operations in
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Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, forward-looking statements contained in this news release include: estimations or predictions about the outcome of the upcoming negotiations with LEAG; the further potential of collaboration; and the Company's future plans and expectations as described in the section "About Rock Tech".
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SOURCE Rock Tech Lithium Inc.