Hell's Kitchen heats up with $1.4B deal

Metal Tech News - March 15, 2023

Last updated 3/28/2023 at 9:22am

Rendering of CTR’s planned Hell’s Kitchen geothermal power-lithium facility.

Controlled Thermal Resources

With the power generation units to be acquired from Fuji Electric Corp. of America, Controlled Thermal Resources plans to produce 330,000 MW of clean electricity and 150,000 metric tons of battery-grade lithium per year.

CTR signs MOU to purchase six geothermal power plants from Fuji Electric Corp.

With the signing of a contract for $1.4 billion of geothermal power facilities built by Fuji Electric Corp. of America, Controlled Thermal Resources takes one enormous step toward its goal of producing large quantities of low-carbon lithium for electric vehicles and electricity at its Hell's Kitchen project...

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