Rock Tech, Enertrag sign Guben energy deal

Executive Summary

• Rock Tech Lithium Inc. and German renewable‑energy producer Enertrag signed a memorandum of understanding (MoU) to supply long‑term renewable electricity for Rock Tech’s planned lithium‑hydroxide converter in Guben, Germany.
• At least 50 % of the converter’s electricity demand will be sourced from new wind and photovoltaic plants operated by Enertrag beginning in 2030, delivering roughly 70 GWh of clean power per year and cutting Scope 2 CO₂ emissions by ~25‑50 %.
• The partnership is positioned as a model for decarbonising European industry and will serve as a blueprint for Rock Tech’s future converter project in Red Rock, Ontario, Canada.

Key Details

• MoU Signatories: Rock Tech Lithium Inc.; Enertrag GmbH; witnessed by Canadian Prime Minister Mark Carney, Canadian Ministers of Energy & Natural Resources (Tim Hodgson) and Innovation, Science & Industry (Melanie Joly), and Germany’s Federal Minister for Economic Affairs and Energy (Katharina Reiche).
• Project Scope: Renewable‑energy supply for the Guben lithium‑hydroxide converter (planned capacity 24,000 t LHM / yr).
• Electricity Supply Commitment: Enertrag to provide ≥70 GWh of renewable electricity annually under a future power purchase agreement (PPA), covering at least 50 % of the converter’s expected electricity demand.
• Emission Impact: Expected reduction in indirect (Scope 2) CO₂ emissions for the Guben converter by approximately 25‑50 %.
• Timeline: Direct renewable supply to commence from commissioning; ≥50 % renewable share targeted from 2030 onward.
• Cross‑Border Relevance: The energy and sustainability concept will be replicated for Rock Tech’s planned converter in Red Rock, Ontario, Canada.
• Strategic Context: The Guben converter is recognized as a strategic initiative under the European Commission’s Critical Raw Materials Act; the partnership exemplifies cross‑border collaboration to build resilient critical‑minerals supply chains.
• Conditionality: Implementation of the cooperation is subject to positive investment decisions by both parties.

Notable Quotes

“With the planned direct supply of our converter with renewable energy, we are setting an important milestone for the sustainable and competitive production of lithium hydroxide in Europe.” – Mirco Wojnarowicz, CEO, Rock Tech Lithium

“This partnership demonstrates how tomorrow’s industry can be supplied with climate‑friendly and competitive renewable energy today.” – Dr. Gunar Hering, CEO, Enertrag