Odfjell Technology, a Norwegian company specializing in well services and engineering well services and engineering solutions, has signed a two-year contract with Vercana GmbH, the Vulcan Group’shas signed a two-year contract with Vercana GmbH, the drilling subsidiary of Vulcan Group. The agreement covers the provision of TRS (tubular running services) and drilling tool rental for an ambitious geothermal development in southwest Germany.
The project, called Lionheart Phase One, is located near the town of Landau in the strategic Upper Rhine Valley. This region is renowned for its geothermal potential, and Vulcan’s plan seeks to integrate lithium production with clean energy generation from ground heat. Operational headquarters for this contract will be provided by Odfjell’s office in the Netherlands.
Lithium production and energy transition in Germany
The contract comes against the backdrop of an accelerating energy transition in Germany. According to industry forecasts, the German geothermal market will grow at a rate of 1.95% per year between 2025 and 2029, which reinforces the strategic importance of this type of technical and operational partnership.
From Odfjell, its Vice President of Well Services for Continental Europe, Alex Gomoescu, emphasized that this collaboration supports the country’s sustainability and energy security priorities, while positioning the company as a key player in the development of clean technologies.
For his part, Marco Koepsel, CEO of Vercana, valued the technical capacity and operational reliability of his new partner, assuring that the synergy between the two companies will be decisive in advancing responsible extraction of critical minerals. critical minerals.
Technology synergy for clean energy and critical minerals
The joint development of Vercana and Odfjell aims to become a benchmark in the integration of geothermal resources and sustainable mining. The efficient use of the subsoil will not only generate electricity from renewable sources, but will also boost the local production of lithium, an essential input for the manufacture of batteries. manufacture of batteries..
The formal start of operations occurred in May 2025, marking a technical-operational breakthrough for the region. This collaboration is expected to set precedents in terms of replicability in other geothermal corridors in the continent.
Source and photo: Odfjell Technology
