Latest news with #ArverneGroup
Business Wire
a day ago
- Business
- Business Wire
Geothermal Energy: a Strong Signal From the Government Welcomed by Arverne Group
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), welcomes the announcements made today in Biarritz by the Prime Minister in favor of geothermal energy, during the 2025 Geothermal Days. These long-awaited commitments by stakeholders in the sector underscore the Government's determination to remove barriers to the deployment of this renewable, local, decarbonized, and continuously available energy source. Arverne Group particularly welcomes: The increase of the regulatory threshold for surface geothermal projects from 0.5 MW to 2 MW, in order to free up and accelerate projects. The attention given to drilling jobs through the implementation of new training programs, as well as the relaxation of working time regulations on deep geothermal drilling sites. The ongoing collaboration with banks to help individuals spread out the investment cost of a geothermal installation, as a replacement for gas boilers. The strengthening of the network of geothermal facilitators in local territories, essential to raising awareness about the benefits of this still underused energy source. 'These announcements represent a decisive step. This strong signal from public authorities reinforces Arverne Group's efforts to make geothermal energy a key driver of our energy sovereignty. The challenge now lies in swiftly turning these intentions into action to scale up geothermal solutions across France.' said Pierre Brossollet, founder and Chairman & CEO of Arverne Group. Momentum to Be Amplified to Ensure a Scale Shift While this step marks a turning point, it must be part of a broader trajectory. A second set of announcements is expected in September, particularly regarding financial support. Arverne Group hopes for: The strengthening of the Heat Fund and the need to secure it over multiple years to provide operators with long-term visibility. The implementation of new support mechanisms such as 'Certificats d'Economie d'Energie' (Energy Savings Certificates). The alignment of energy taxation with decarbonization goals, including rebalancing taxes between gas and electricity - an essential condition for the development of geothermal energy. Since its founding in 2018, Arverne Group has been committed to establishing an ambitious, structured, and sovereign French geothermal sector. Alongside the State, local authorities, and industry stakeholders, the Group will continue to fully play its role in the regions to contribute to the collective success of this energy transition. 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 Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
Business Wire
2 days ago
- Business
- Business Wire
Arverne Group - Combined General Meeting of June 18, 2025: Approval of all Resolutions in Accordance with the Recommendations of the Board of Directors
PAU, France--(BUSINESS WIRE)--Regulatory News: The Combined General Meeting of shareholders of Arverne Group (ISIN code: FR001400JWR8, mnemonic code ARVEN) was held on June 18, 2025 at 2 rue Saint Florentin, 75001 Paris, under the chairmanship of Pierre Brossollet, Chairman and CEO. Shareholders were able to cast their votes electronically via the VOTACCESS secure voting platform, as well as by post or by appointing the Chairman as their proxy by post. Shareholders present at the meeting were also able to vote. The thirty-six resolutions put to the vote were adopted in accordance with the recommendations of the Board of Directors. Pierre Brossollet presented the Group's 2024 achievements and 2025 objectives to shareholders. Concluding the Annual General Meeting, Pierre Brossollet said: " I would like to thank our shareholders for their confidence and for their overwhelming support for the resolutions proposed by the Board of Directors. Convinced that geothermal energy is a key lever for meeting the major challenges of decarbonization and energy sovereignty today, all our teams are fully mobilized to accelerate its development at the heart of our territories." Next event: September 24, 2025, H1 2025 results 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 Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
Business Wire
12-06-2025
- Business
- Business Wire
Arverne Group: First Geothermal Drilling for Lithium de France
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), announces the start of geothermal drilling operations in Schwabwiller, carried out by its subsidiary Lithium de France, in order to produce both renewable heat and lithium. This launch is a major milestone in the Group's development, made possible after obtaining the environmental authorization and a building permit. The initial work on site involves civil engineering operations. Geothermal well drilling will begin after the summer. It will be pursued, once the necessary authorizations have been obtained, by the construction of the heat powerplant, and the installation of the demonstration plant to assess both lithium resources and the performance of the innovative Direct Lithium Extraction (DLE) technology. Information and updates on the operations will be shared throughout the project with the various local stakeholders. Pierre Brossollet, Founder and CEO of Arverne Group : 'These initial works bring our ambition to life: making geothermal energy a tangible solution to the major challenges of decarbonization. They also represent a big step toward more energy sovereignty for our country.' Next event: June 18, 2025, Combined General Meeting 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 Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
Yahoo
05-06-2025
- Business
- Yahoo
Arverne Group Contributes to the Energy Transition of E.Leclerc Supermarkets Through Geothermal Energy
PAU, France, June 05, 2025--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, welcomed Michel-Édouard Leclerc, Chairman of the Group, to the geothermal drilling site of the Frouard supermarket (Grand Est region) on June 4, 2025. This 22,000 m² commercial site will be the first in France to integrate geothermal energy to cover part of its energy needs. By harnessing the constant temperature of the ground, the system will provide heating. As part of this project, Arverne Group is carrying out 53 shallow geothermal drillings, each 150 meters deep, beneath the existing parking lot. The three-month-long work involves a team of nine people dedicated to drilling, while another team will handle the connection. The installation of this geothermal solution is fully in line with Group's environmental strategy, which also includes the deployment of LED lighting, the installation of photovoltaic panels, and the addition of charging stations in its parking lots. Pierre Brossollet, Founder and CEO of Arverne Group : "We are proud to support the group by bringing our expertise to this first geothermal energy project. We thank them for their trust and hope that this collaboration marks the beginning of a lasting momentum around a renewable, discreet, decarbonized, and sovereign energy source, perfectly aligned with the environmental and energy challenges facing the large-scale retail sector." Next event: June 18, 2025, Combined General Meeting 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 Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). View source version on Contacts Media Relations communication@ arvernegroup@ Investor Relations Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
05-06-2025
- Business
- Business Wire
Arverne Group Contributes to the Energy Transition of E.Leclerc Supermarkets Through Geothermal Energy
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, welcomed Michel-Édouard Leclerc, Chairman of the Group, to the geothermal drilling site of the Frouard supermarket (Grand Est region) on June 4, 2025. This 22,000 m² commercial site will be the first in France to integrate geothermal energy to cover part of its energy needs. By harnessing the constant temperature of the ground, the system will provide heating. As part of this project, Arverne Group is carrying out 53 shallow geothermal drillings, each 150 meters deep, beneath the existing parking lot. The three-month-long work involves a team of nine people dedicated to drilling, while another team will handle the connection. The installation of this geothermal solution is fully in line with Group's environmental strategy, which also includes the deployment of LED lighting, the installation of photovoltaic panels, and the addition of charging stations in its parking lots. Pierre Brossollet, Founder and CEO of Arverne Group : 'We are proud to support the group by bringing our expertise to this first geothermal energy project. We thank them for their trust and hope that this collaboration marks the beginning of a lasting momentum around a renewable, discreet, decarbonized, and sovereign energy source, perfectly aligned with the environmental and energy challenges facing the large-scale retail sector.' Next event: June 18, 2025, Combined General Meeting Expand 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 Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
