Arverne Group Installs Geothermal Energy at the Paris-Charles de Gaulle Airport Platform
December 05 2024 - 10:45AM
Business Wire
Regulatory News:
Arverne Drilling Services, a subsidiary of Arverne Group
(FR001400JWR8, ARVEN), a French industrial company specializing in
the production of renewable underground resources, has begun a
drilling project at Paris-Charles de Gaulle Airport for the ADP
Group, a global leader in airport operations. This project will
enable to develop a geothermal doublet and marks a key milestone in
the decarbonization of the Paris-Charles de Gaulle platform.
This geothermal doublet, which involves drilling two separate
wells to extract the Earth's natural heat by capturing water at
70°C located 1,800 meters deep, is being carried out using
state-of-the-art drilling equipment built by our partner
Herrenknecht Vertical. The heat extracted will be used to supply
Terminal 1 with a continuous source of renewable and locally
produced energy. The planned installation will allow the production
of up to 80 GWh/year of heat. The drilling work will take
approximately three months.
In addition to its environmental benefits, this geothermal
project contributes to the local economy engaging around 75 workers
on-site during the drilling and construction phases, including five
roles dedicated to integration programs.
"This project demonstrates the ability of geothermal energy to
meet the industry’s decarbonization needs. We are proud to bring
Arverne Group’s expertise to this initiative, which will enable the
ADP Group to benefit from a local, renewable energy source that
stabilizes its energy costs over the long term and reduces its
carbon footprint. We firmly believe that underground resources,
particularly geothermal energy, are key solutions for the energy
transition" said Pierre Brossollet, founder and Chairman & CEO
of Arverne Group.
***
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 professional
segment of Euronext Paris and is part of the Tech Leaders segment
of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
www.arverne.earth
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