Geothermal energy in the spotlight: Marc Ferracci, French Minister for Industry and Energy, visiting the site of Arverne Group at Paris-Charles de Gaulle

Pau, January 2, 2025 – Arverne Group (FR001400JWR8 – ARVEN), a French industrial company specialized in the production of renewable energy from underground resources to support the energy transition, has welcomed Marc Ferracci, minister in charge of Industry and Energy, on its geothermal drilling site at Roissy Paris-Charles de Gaulle airport this Thursday, January 2, 2025.

In the wake of the public consultation on the Pluriannual Energy Program, which was completed at the end of 2024, this visit demonstrates the new Government’s determination to reiterate the ambitious targets set at national level in terms of decarbonizing heat, with only 25% of which currently comes from renewable sources. The decarbonization of heat production is therefore an imperative that requires notably the development of geothermal energy in France.

Arverne Group has seized the opportunity of the minister’s visit to remind and demonstrate that geothermal energy is a virtuous solution for the development of local and renewable heat. The geothermal doublet solution, deployed by Arverne Drilling Services1, on behalf of ADP, involves two separate wells to extract the Earth’s natural heat, capturing 74° water at a depth of 1,800 m, before reinjecting it into the subsoil. The heat produced will be used to supply the Europe’s second-largest airport with renewable, local and continuously available energy. The planned installation will produce up to 80 GWh/year of heat.

“Kicking off the year with a visit from our minister in charge of Industry and Energy is an excellent signal for the geothermal industry. This installation on the Paris-Charles de Gaulle airport platform demonstrates the ability of geothermal energy to meet the decarbonization needs of industry. We firmly believe that subsoil resources, and geothermal energy in particular, are key local solutions, available beneath our feet, for replacing imported fossil fuels and thus achieving a successful energy transition.“said Pierre Brossollet, founder and CEO of Arverne Group, a mission-driven company listed on the Tech Leaders segment of Euronext Paris.

About Arverne Group
Arverne Group specializes in harnessing underground resources and transforming them into environmentally-friendly, local, renewable energy that helps local communities prosper. An integrated industrial player, from exploration and drilling to production and sales to end-users, Arverne Group is positioned across the entire value chain, with the aim of becoming the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium.
Founded in Pau in 2018, Arverne Group has organized the development of its activities around several subsidiaries, the main ones being 2gré (sale of geothermal heat), Lithium de France (extraction and sale of geothermal lithium), and Arverne Drilling Services, which operates drilling operations.
A company with a mission, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, mnemonic ARVEN).
www.arverne.earth