Lithium Harvest Signs LOI for a Large-Scale Geothermal Power and Lithium Project in Alberta, Canada
Project targets 0.67 TWh of electricity and 28,500 tonnes of lithium carbonate annually at full nameplate capacity, with first production targeted for 2028.
AALBORG, Denmark, Oct. 13, 2026 /PRNewswire/ -- Lithium Harvest Holding A/S ("Lithium Harvest") has signed a letter of intent (LOI) with a geothermal development partner to form a joint venture to develop an integrated geothermal power and lithium production facility in Alberta, Canada.
At full nameplate capacity, the planned facility targets approximately:
- 28,500 tonnes of lithium carbonate annually
- 0.67 TWh of renewable electricity annually
The planned project will generate revenue from renewable baseload electricity and lithium carbonate produced from the same geothermal resource, expanding Lithium Harvest's North American development portfolio.
Development is planned in two phases, with full nameplate capacity reached through phased construction and production ramp-up.
"This agreement advances our ambition to produce some of the world's cleanest energy and lithium at low cost," said Sune Mathiesen, Chairman of Lithium Harvest. "The rapid buildout of data centers and the energy transition in general require large amounts of reliable power as well as lithium for EV's and battery storage. Once completed, this will be one of the largest facilities of its kind in the world."
"Our focus now is on the resource validation, engineering and financing needed to turn the project's potential into commercial production."
Integrated Geothermal Power and Lithium Production
The geothermal development partner will contribute its geothermal development capabilities, while Lithium Harvest will contribute its integrated brine-to-battery-grade lithium platform, combining water treatment, proprietary Direct Lithium Extraction (DLE) technology, and refining designed to produce battery-grade lithium carbonate. The integrated design will use geothermal heat for power generation and geothermal brine as the feedstock for lithium extraction and refining.
The project is designed to serve two markets: responsible and reliable electricity and battery materials. Combining the production streams is intended to improve resource utilization, while phased development will allow capital to be deployed progressively. The project also has the potential to strengthen domestic lithium supply and dramatically diversify the North American lithium supply chain.
Based on current project estimates, operation at full nameplate capacity could avoid up to 933,000 tonnes of CO₂ emissions annually. Actual reductions will depend on the final design, operating performance, electricity displacement, and reference scenarios used for comparison.
Project Targets
Project Parameter |
Current Target |
Project location |
Alberta, Canada |
Development approach |
Two phases |
First power generation |
2028 |
First lithium carbonate production |
2028 |
Full nameplate power generation |
0.67 TWh/year |
Full nameplate lithium carbonate production |
28,500 tonnes/year |
Next Steps
The partners plan to advance the proposed joint venture through the following workstreams:
- Finalize joint venture arrangements and the integrated development plan.
- Confirm geothermal resource and lithium process performance through evaluation and technical validation.
- Advance engineering, permitting and commercial arrangements.
- Secure the project financing required for construction.
Lithium Harvest plans to update its financial model, investor presentation and investment memorandum to reflect the proposed development, including production assumptions, phased capital requirements and project economics. Progress toward production remains subject to successful completion of the required validation, approvals, financing, construction, and commissioning.
About Lithium Harvest Holding A/S
Lithium Harvest Holding A/S develops lithium projects from oil & gas produced water and geothermal brines using proprietary Direct Lithium Extraction technology integrated with water treatment and refining. Through its lithium portfolio and integrated geothermal developments, the company aims to produce some of the world's cleanest energy and lithium.
Explore our projects and lithium production platform at lithiumharvest.com.
Follow Lithium Harvest on LinkedIn for company news, project updates, and insights into lithium production.
Forward-Looking Statements
This press release contains forward-looking statements concerning the proposed joint venture and the development, timing, capacity, commercial benefits, and environmental performance of the proposed project. These include two-phase development, first power and lithium production targeted for 2028, full nameplate annual output of approximately 0.67 TWh of electricity and 28,500 tonnes of lithium carbonate, potential annual CO₂ emissions reductions of up to 933,000 tonnes, and planned investor updates.
These statements are based on current plans, estimates and assumptions and are subject to risks and uncertainties, including resource performance, technical validation, engineering, permitting, financing, definitive commercial arrangements, construction and commissioning. There can be no assurance that the proposed joint venture will be formed, that the project will be built, or that the anticipated schedule, capacity, production levels or emissions reductions will be achieved. Actual results and timing may differ materially from those expressed or implied.
Investor and Media Contact
Lithium Harvest Holding A/S
Sune Mathiesen, Chairman
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SOURCE Lithium Harvest Holding A/S
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