Stellantis invests $100M to get cleaner lithium supply

Stellantis is investing more than $100 million in a California geothermal lithium project that aims to create a more environmentally friendly electric vehicle supply chain. The Hell's Kitchen project being undertaken near the heavily polluted Salton Sea by Controlled Thermal Resources Holdings is the world's largest geothermal lithium sourcing effort. It's expected to produce up to 300,000 metric tons of lithium carbonate equivalent each year. The companies expanded the initial supply agreement, which now calls for Controlled Thermal Resources to supply up to 65,000 metric tons of battery-grade lithium hydroxide monohydrate each year, nearly triple the original agreement, for a decade. Controlled Thermal Resources is scheduled to begin supplying Stellantis with the lithium hydroxide monohydrate in 2027.