PAU, France–(BUSINESS WIRE)–Regulatory Information:
Arverne Group (FR001400JWR8 – ARVEN), a French industrial firm specialised within the manufacturing of renewable vitality from underground assets to help the vitality transition, has welcomed Marc Ferracci, minister accountable for Business and Vitality, on its geothermal drilling website at Roissy Paris-Charles de Gaulle airport this Thursday, January 2, 2025.
Within the wake of the general public session on the Pluriannual Vitality Program, which was accomplished on the finish of 2024, this go to demonstrates the brand new Authorities’s dedication to reiterate the formidable targets set at nationwide stage when it comes to decarbonizing warmth, with solely 25% of which at the moment comes from renewable sources. The decarbonization of warmth manufacturing is subsequently an crucial that requires notably the event of geothermal vitality in France.
Arverne Group has seized the chance of the minister’s go to to remind and exhibit that geothermal vitality is a virtuous answer for the event of native and renewable warmth. The geothermal doublet answer, deployed by Arverne Drilling Services1, on behalf of ADP, entails two separate wells to extract the Earth’s pure warmth, capturing 74 ° water at a depth of 1,800 m, earlier than reinjecting it into the subsoil. The warmth produced might be used to provide the Europe’s second-largest airport with renewable, native and repeatedly obtainable vitality. The deliberate set up will produce as much as 80 GWh/12 months of warmth.
Kicking off the 12 months with a go to from our minister accountable for Business and Vitality is a wonderful sign for the geothermal business. This set up on the Paris-Charles de Gaulle airport platform demonstrates the power of geothermal vitality to fulfill the decarbonization wants of business. We firmly consider that subsoil assets, and geothermal vitality particularly, are key native options, obtainable beneath our toes, for changing imported fossil fuels and thus reaching a profitable vitality transition. says Pierre Brossollet, Founder and Chairman & CEO of Arverne Group.
Subsequent (LON:) publication: March 26, 2025, FY 2024 outcomes (after Paris inventory market closing time)
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About Arverne Group
Arverne Group makes a speciality of harnessing underground assets to remodel them into environmentally pleasant, native and renewable vitality, contributing to the prosperity of native communities. As an built-in industrial participant, Arverne Group spans your complete underground worth chain, from exploration to drilling and manufacturing to gross sales to end-users. Arverne Group goals to grow to be the French chief in geothermal vitality and its by-products, together with low-carbon geothermal lithium. Based in Pau in 2018, Arverne Group has structured its enterprise actions round a number of subsidiaries, notably 2gré (sale of geothermal warmth), Lithium de France (geothermal warmth and extraction and sale of geothermal lithium) and Arverne Drilling Providers (drilling operations). A mission-driven firm, Arverne Group is listed on Euronext (EPA:) Paris and is a part of the Tech Leaders section of Euronext Paris (ISIN FR001400JWR8, ARVEN).
www.arverne.earth
1 Arverne Drilling Providers : a subsidiary of Arverne Group
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