Arverne Group Strengthens Its Operational Capabilities for Deep Geothermal Projects
20 Dezembro 2024 - 4:30AM
Business Wire
Regulatory News:
Arverne Group (FR001400JWR8, ARVEN), a French industrial
company specializing in the production of renewable energy from
underground resources, announces the receipt, by its subsidiary
DrillDeep, of a new deep drilling rig, named B18.
Co-designed by Arverne Group and built by its German partner
Herrenknecht Vertical1, this new rig, with a capacity of 250 tons,
will be used for deep geothermal operations, from 500 to 3000
meters in depth. Compact, it maximizes drilling performance safely,
especially in an urban environment. Its innovative design also aims
to reduce environmental impact through an optimized system for
drilling fluid treatment and energy reuse.
This drilling rig thus complements the Group's operational
fleet, which is a strategic asset that enables the development of
all types of geothermal heat projects.
"This new state-of-the-art drilling rig strengthens our
integrated industrial tool. The control over the availability of
our own fleet of rigs allows us to accelerate our development by
securing our future geothermal operations, aimed at producing
local, renewable, and continuously available energy." says Pierre
Brossollet, Founder and Chairman & CEO of Arverne Group.
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 Euronext Paris
and is part of the Tech Leaders segment of Euronext Paris (ISIN
FR001400JWR8, ARVEN). www.arverne.earth
1 Herrenknecht AG : world leader in tunnel boring machine
manufacturing
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