Arverne Group (FR001400JWR8 – ARVEN), an industrial player specializing in the production of renewable underground resources to support the energy transition, announces that its subsidiary Lithium de France has entered into a framework agreement for the acquisition of wellheads from SLB, a global technology company for the energy industry, for its geothermal heat and lithium project in Alsace.
A first order has already been placed for equipment which will be manufactured in Europe and delivered to Alsace before the start of the drilling campaign.
The geothermal heat and lithium project led by Arverne Group and Lithium de France, plans to reach an annual production capacity of 27,000 tonnes of lithium carbonate and 2.2 TWh of geothermal heat by 2031. The heat produced will benefit businesses, farmers and local authorities in Alsace thanks to a localized supply chain. The low-carbon geothermal lithium will be used to power the batteries of electric vehicles produced in France.
“ Our teams are particularly enthusiastic about working together, sharing the same innovation DNA to accelerate decarbonization and the same roots, SLB and Lithium de France both having been born in Alsace, around Pechelbronn, in 1926 and 2020. Our geothermal 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 CEO of Arverne Group, a mission-driven company listed on the Tech Leaders segment of Euronext Paris.