Proof of Usefulness Report

Vulcan Energy Resources

Analysis completed on 2/3/2026

+605
Proof of Usefulness Score
Category Standard

Vulcan Energy Resources is a legitimate, publicly listed company (ASX: VUL) with a market capitalization exceeding $1 billion AUD and significant B2B traction (offtake agreements with Stellantis, Volkswagen, Renault). However, the submission itself is of extremely low quality, containing false claims ('most people have used my product' - actually pre-production) and lazy data entry ('everyone' audience). The high score reflects the verifiable real-world magnitude and potential of the Zero Carbon Lithium project, heavily penalized by the poor quality of evidence provided in the application.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+225.0
Audience Reach Impact+96.0
Technical Innovation+171.0
Evidence Of Traction+106.25
Market Timing Relevance+100.0
Functional Completeness+2.5
Subtotal+700.75
Usefulness Multiplierx0.86
Final Score+605

Project Details

Description
Vulcan Energy is aiming to decarbonise the transition to electric mobility, through its world-first Zero Carbon Lithium Project for electric vehicle batteries, and its renewable energy business. Backed by a team of world-renowned experts in chemistry, engineering and geology, we aim to produce the world’s first, premium, battery-quality lithium chemicals with zero carbon footprint, by harnessing renewable geothermal energy to drive lithium production, without using evaporation ponds, mining or fossil fuels.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline