Regulatory News:
Arverne Group, a French industrial company specializing in the production of renewable underground resources, has partnered with E.Leclerc Group, a leading retail operator, to integrate geothermal energy into the Frouard supermarket in the Grand Est region of France.
- Michel-Édouard Leclerc, Chairman of E.Leclerc Group, visited the geothermal drilling site of the Frouard supermarket on June 4, 2025.
- The project aims to cover part of the supermarket’s energy needs with geothermal energy.
- The installation of this geothermal solution is in line with E.Leclerc Group’s environmental strategy.
Key Highlights of the Project
| Features | Description |
|---|---|
| 53 shallow geothermal drillings | Each 150 meters deep, drilled beneath the existing parking lot. |
| Three-month-long work | A team of nine people dedicated to drilling, while another team handles the connection. |
| Part of E.Leclerc Group’s environmental strategy | Includes the deployment of LED lighting, photovoltaic panels, and charging stations in its parking lots. |
Quoted Statement from Pierre Brossollet, Founder and CEO of Arverne Group
“We are proud to support the E.Leclerc 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.”
About Arverne Group
Arverne Group is an integrated industrial player that specializes in harnessing underground resources to transform them into environmentally friendly, local, and renewable energy. The company aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium.
- Founded in Pau in 2018
- Structured its business activities around several subsidiaries
- A mission-driven company listed on Euronext Paris
Upcoming Event: Combined General Meeting
June 18, 2025, Combined General Meeting
Get Involved
For more information, please contact:
- Media Relations: communication@arverne.earth
- Investor Relations: investor.relations@arverne.earth
Source
View the source version on businesswire.com: https://www.businesswire.com/news/home/20250604371067/en/ 2025 Business Wire
Disclaimer
The information contained in this press release is intended for general information purposes only and is not intended to be used as the basis for any investment decisions.
