Stellantis Targets Green Lithium

Stellantis is investing over $100 million in California's Controlled Thermal Resources, marking its latest move in the direct lithium extraction sector. As part of this partnership, Stellantis will also increase its lithium purchase from Controlled Thermal, nearly tripling to 65,000 metric tons annually for a minimum of 10 years, starting in 2027. DLE technologies seek to extract lithium from saline brine deposits, avoiding the conventional methods of open pit mining and evaporation ponds, which have environmental concerns. Stellantis, with a target of making half of its fleet electric by 2030, aims to contribute to the transition to green energy and reduce carbon emissions by utilizing renewable power from Controlled Thermal's superhot geothermal brines for lithium production.