How Vulcan Energy survived and capitalised on the lithium bust
While other lithium companies wind down production, Vulcan Energy is moving forward with its major project in Germany on the back of a surging share price.
The trajectory of Cris Moreno’s last two energy companies could not be more different.
Speaking to Capital Brief this week, the Vulcan Energy CEO and managing director is jet-lagged but riding high on the back of a spate of major global deals and a soaring share price.
Contrast that with the fate of his previous employer Northvolt, the Swedish battery company that promised to ‘make oil history’ but instead filed for bankruptcy protection this week after failing to find a billion-dollar rescue package.
The lesson for Moreno, who left his role as vice president of lithium at Northvolt two years ago, is a pertinent one.
