Arverne Group Announces the Completion, by Its Subsidiary 2gré, of Its First 3D Subsurface Exploration Campaign in the Auvergne-Rhône-Alpes region
December 19 2024 - 4:16AM
Business Wire
Regulatory News:
Arverne Group (FR001400JWR8, ARVEN), a French industrial
company specializing in the production of renewable energy from
underground resources to support the energy transition, announces
that 2gré, a Group’s specialized subsidiary in geothermal heat
production, has carried out its first 3D exploration campaign to
gain a better understanding of the Auvergne subsurface.
In Auvergne, the geothermal potential is significant, but the
subsurface is still not well known. This exploration campaign,
carried out between mid-November and mid-December, has enabled the
acquisition of high-definition images of the subsurface, thanks to
the deployment of nearly 12,000 sensors collecting acoustic waves
from emitting trucks. After analysis, the collected data will
provide precise knowledge of the geological structures, with the
aim of identifying potential subsurface reservoirs containing
geothermal water. The mapped area covers 100 km² of the
‘Riom-Clermont Métropole’ (Puy de Dôme) Exclusive Research Permit
(PER) granted to 2gré.
With the desire to inform and engage with local residents, two
open house days were organized in mid-November, before the start of
field operations, to present the approach, its timeline, techniques
and equipment used.
Pierre Brossollet, Founder and Chairman & CEO of Arverne
Group: “With this first 3D exploration campaign in Auvergne,
Arverne Group is acquiring new knowledge of the subsurface. This is
an important step to confirm the potential of the Auvergne subsoil.
We will then be able to safely develop decarbonized, local and
sovereign geothermal heat projects that will benefit the residents
and economic stakeholders of the region.”
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
About 2gré 2gré's mission is
to develop geothermal energy projects and supply renewable heat and
cooling using this local, competitive energy source to help local
communities prosper. 2gré has positioned itself as a key player in
the energy transition in the regions. www.2gre.fr
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version on businesswire.com: https://www.businesswire.com/news/home/20241219363379/en/
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