Arverne Group & SLB sign agreement for geothermal heat & Lithium project
Seismic campaign by Lithium de France (source: video screenshot / Lithium de France)
Alexander Richter
20 Jan 2025
Lithium de France, a subsidiary of Arverne Group has signed an agreement with SLB for its geothermal heat and Lithium project in Alsace, France.
Earlier this month, French geothermal group, Arverne announced that its subsidiary Lithium de France has signed a framework agreement with SLB to acquire wellheads for its geothermal heat and Lithium project in Alsace, France.
An initial order has been placed for equipment to be manufactured in Europe and delivered in Alsace ahead of the start of the drilling campaign.
The geothermal heat and lithium project led by Arverne Group and Lithium de France, in Alsace, plans to reach, in 2031, an annual production capacity of 27,000 tons lithium carbonate and 2.2 TWh of geothermal heat. The heat produced will benefit businesses, farmers and local authorities in the Alsace region through a localized supply chain. The low carbon geothermal lithium will be dedicated to supply batteries for electric vehicles produced in France.
“Our teams are particularly thrilled to work together, with the same innovation DNA to accelerate decarbonization and the same roots, as SLB and Lithium de France have both their origin in the Alsace region, around Pechelbronn, in 1926 and 2020. Our geothermal heat 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 Chairman & CEO at Arverne Group, mission-driven company listed on the Tech Leaders segment of Euronext Paris.
Source: company release
