Arverne Group Announces a Framework Agreement Between Lithium de France and SLB
07 Janvier 2025 - 5:45PM
Business Wire
Regulatory News:
Arverne Group (FR001400JWR8 - ARVEN), a French industrial
company specialized in the production of renewable underground
resources to support the energy transition, announces that its
subsidiary Lithium de France has agreed to acquire wellheads from
global energy technology company SLB, for its geothermal heat and
lithium project in Alsace.
An initial order has been placed for equipment to be
manufactured in Europe and delivered in Alsace ahead of the start
of the drilling campaign.
The geothermal heat and lithium project led by Arverne Group and
Lithium de France, in Alsace, plans to reach, in 2031, an annual
production capacity of 27,000 tons lithium carbonate and 2.2 TWh of
geothermal heat. The heat produced will benefit businesses, farmers
and local authorities in the Alsace region through a localized
supply chain. The low carbon geothermal lithium will be dedicated
to supply batteries for electric vehicles produced in France.
“Our teams are particularly thrilled to work together, with the
same innovation DNA to accelerate decarbonization and the same
roots, as SLB and Lithium de France have both their origin in the
Alsace region, around Pechelbronn, in 1926 and 2020. Our geothermal
heat and lithium project paves the way for reliable energy thanks
to science, engineering and know-how developed by committed
people.” Said Pierre Brossollet, founder and Chairman & CEO at
Arverne Group, mission-driven company listed on the Tech Leaders
segment of Euronext Paris.
Next publication: March
26, 2025, FY 2024 results (after Paris stock market closing
time)
About Arverne Group
Arverne Group specializes in harnessing underground resources to
transform them into environmentally friendly, local and renewable
energy, contributing to the prosperity of local communities. As an
integrated industrial player, Arverne Group spans the entire
underground value chain, from exploration to drilling and
production to sales to end-users. Arverne Group aims to become the
French leader in geothermal energy and its by-products, including
low-carbon geothermal lithium.
Founded in Pau in 2018, Arverne Group has structured its
business activities around several subsidiaries, notably 2gré (sale
of geothermal heat), Lithium de France (geothermal heat and
extraction and sale of geothermal lithium) and Arverne Drilling
Services (drilling operations).
A mission-driven company, Arverne Group is listed on the Tech
Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol
ARVEN).
www.arverne.earth
About Lithium de France
Lithium de France, subsidiary of Arverne Group, a mission-driven
company listed on the Tech Leaders segment of Euronext Paris, is a
French pioneer of geothermal heat and low carbon lithium. Lithium
de France has been founded in 2020, its mission is to accelerate
the energy transition by supplying geothermal heat to businesses,
farmers, and local authorities, and by producing geothermal lithium
for electric mobility. It is an innovative leader with its
headquarters based in Haguenau, Northern Alsace.
www.lithiumdefrance.com
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version on businesswire.com: https://www.businesswire.com/news/home/20250107120953/en/
Media Relations: communication@arverne.earth
arvernegroup@image7.fr
Investor Relations: investor.relations@arverne.earth
alexandre.commerot@seitosei-actifin.com
Arverne (EU:ARVEN)
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