Arverne awarded contract for geothermal heating project in two Paris communes
Arverne Group subsidiary 2gré has been awarded the contract for a geothermal district heating project in Clichy-sous-Bois and Livry-Gargan in France.
Arverne Group, through its subsidiary 2gré, has been awarded the contract for the construction and operation of a geothermal heating network for the communes of Clichy-sous-Bois and Livry-Gargan in the eastern suburbs of Paris, France. The project is in partnership with Dalkia and IDF Investissements & Territoires and is expected to start operations in 2025.
Almost EUR 90 million in investment will go towards the project, which will supported by all the partners, ADEME and the Ile-de-France Region. The concession will run for a period of 30 years. 2gré, whose teams have carried out analyses of the geothermal resources of the Dogger reservoir, will also carry out engineering and deep geothermal drilling work, with Arverne Drilling Services, as well as maintenance operations over the duration of the concession.
This major project will enable residents of both towns to benefit from local, low-carbon and competitive energy. The existing network will be completely rehabilitated, while a new network will be deployed to serve new neighborhoods. By 2031, this network will extend over 26 km, with a production capacity of 115 GWh.
Thanks to the use of 91% renewable energy, this network will reduce CO2 emissions by 20,000 tons a year, equivalent to taking 10,000 vehicles off the road. From July 1, households will benefit from a reduction of almost 50% in their energy bills. The project will help lift around 1,100 households out of fuel poverty.
“This operational collaboration with Dalkia and Ile-de-France Energies & Territoires reflects the trust placed in Arverne Group and the excellent expertise of its subsidiaries 2gré and Arverne Drilling Services,” said Pierre Brossollet, Founder and CEO of Arverne Group.
“By deploying our integrated and innovative offer, we are demonstrating our ability to decarbonize local heating networks thanks to geothermal energy, a local and renewable energy that reduces CO2 emissions, while offering significant savings on energy bills for individuals, local authorities and businesses.”
Another subsidiary of Arverne Group, Lithium de France, has been making good progress on a planned geothermal heating and lithium extraction project in the Alsace region. Through Arverne Drilling Services, the company is also working on the drilling of a geothermal doublet to supply heating to the Paris-Charles de Gaulle Airport.
Source: Arverne Group via BusinessWire