Latest news with #PierreBrossollet
Yahoo
13 hours ago
- 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
13 hours ago
- 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).
Yahoo
28-05-2025
- Business
- Yahoo
Bpifrance Acquires a Stake in Arverne Group to Support the Growth of a French Leader in Geothermal Solutions
PAU, France, May 28, 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, announces that Bpifrance acquires a stake in its capital. Bpifrance acquired 1,709,740 existing Arverne Group shares, representing 4.29% of the share capital and 4.91% of the voting rights, as part of an off-market block sale. This transaction will be accompanied by the appointment of a representative of Bpifrance to the Board of Directors, initially as censor, then as a director, whose appointment will be proposed no later than the first general meeting of Arverne Group shareholders following the combined general meeting of June 18, 2025. Becoming Arverne Group's shareholder is fully in line with Bpifrance's strategy of supporting players in the ecological and energy transition and in the reindustrialisation of France. Convinced of the relevance of its business model, at the heart of the challenges of decarbonisation, energy sovereignty and sovereign supply of critical materials, Bpifrance wishes to support the company in its development. Arverne Group is positioning itself as a major player in the French market for geothermal solutions, by developing two strategic areas: the supply of geothermal heat for its public and private network customers and industrial operators, and an innovative concept for extracting lithium from Alsatian brines, which are rich in this strategic metal for the battery industry. Drilling is the keystone of any activity involving the subsoil, so Arverne Group has developed an integrated model from exploration and drilling to production and sales to end users. As a fast-growing and mission-driven company, the Group's projects contribute to the prosperity of local communities. Pierre Brossollet, Founder and Chairman & CEO of Arverne Group stated : "We are particularly pleased and proud that Bpifrance has become a shareholder in our company. Its commitment to us is a strong endorsement of our vision and strategy. This partnership marks a key stage in Arverne Group's development and will strengthen our ability to deploy our roadmap to reach an annual production capacity of 4 TWh of geothermal heat and 27,000 tons of geothermal lithium by 2031." José Gonzalo, Executive Director, Bpifrance's Development Capital Division, added : "Bpifrance is proud to support Arverne Group in its development, convinced by its strong market potential. This investment is a perfect illustration of Bpifrance's mission: to help innovative players to emerge with sustainable solutions, firmly rooted in the local areas and strategic to France's energy sovereignty and reindustrialisation." Next event: June 18, 2025, Combined General Meeting About Arverne GroupArverne 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 the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About BpifranceBpifrance's equity investments are operated by Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - through loans, guarantees and equity. Bpifrance supports them in their innovation and international projects. Bpifrance now also supports their export activities through a wide range of products. Advice, universities, networking and acceleration programmes for start-ups, SMEs and ETIs are also part of the services offered to to Bpifrance and its 50 regional offices, entrepreneurs have a single, close and effective contact to help them meet their information : - / - Suivez nous sur LinkedIn : Bpifrance LinkedIn et sur X : @Bpifrance - @BpifrancePresse View source version on Contacts Media Relations: communication@ arvernegroup@ Investor Relations: Bpifrance Sophie 06 30 35 24 71Sophie 07 88 09 28 17 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
28-05-2025
- Business
- Business Wire
Bpifrance Acquires a Stake in Arverne Group to Support the Growth of a French Leader in Geothermal Solutions
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, announces that Bpifrance acquires a stake in its capital. Bpifrance acquired 1,709,740 existing Arverne Group shares, representing 4.29% of the share capital and 4.91% of the voting rights, as part of an off-market block sale. This transaction will be accompanied by the appointment of a representative of Bpifrance to the Board of Directors, initially as censor, then as a director, whose appointment will be proposed no later than the first general meeting of Arverne Group shareholders following the combined general meeting of June 18, 2025. Becoming Arverne Group's shareholder is fully in line with Bpifrance's strategy of supporting players in the ecological and energy transition and in the reindustrialisation of France. Convinced of the relevance of its business model, at the heart of the challenges of decarbonisation, energy sovereignty and sovereign supply of critical materials, Bpifrance wishes to support the company in its development. Arverne Group is positioning itself as a major player in the French market for geothermal solutions, by developing two strategic areas: the supply of geothermal heat for its public and private network customers and industrial operators, and an innovative concept for extracting lithium from Alsatian brines, which are rich in this strategic metal for the battery industry. Drilling is the keystone of any activity involving the subsoil, so Arverne Group has developed an integrated model from exploration and drilling to production and sales to end users. As a fast-growing and mission-driven company, the Group's projects contribute to the prosperity of local communities. Pierre Brossollet, Founder and Chairman & CEO of Arverne Group stated: ' We are particularly pleased and proud that Bpifrance has become a shareholder in our company. Its commitment to us is a strong endorsement of our vision and strategy. This partnership marks a key stage in Arverne Group's development and will strengthen our ability to deploy our roadmap to reach an annual production capacity of 4 TWh of geothermal heat and 27,000 tons of geothermal lithium by 2031.' José Gonzalo, Executive Director, Bpifrance's Development Capital Division, added : ' Bpifrance is proud to support Arverne Group in its development, convinced by its strong market potential. This investment is a perfect illustration of Bpifrance's mission: to help innovative players to emerge with sustainable solutions, firmly rooted in the local areas and strategic to France's energy sovereignty and reindustrialisation.' 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 the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About Bpifrance Bpifrance's equity investments are operated by Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - through loans, guarantees and equity. Bpifrance supports them in their innovation and international projects. Bpifrance now also supports their export activities through a wide range of products. Advice, universities, networking and acceleration programmes for start-ups, SMEs and ETIs are also part of the services offered to entrepreneurs. Thanks to Bpifrance and its 50 regional offices, entrepreneurs have a single, close and effective contact to help them meet their challenges. More information : - / - Suivez nous sur LinkedIn : Bpifrance LinkedIn et sur X : @Bpifrance - @BpifrancePresse
