Arverne Group Reports 46% Revenue Growth in 2025, Driven by Geothermal and Lithium Projects
Event summary
- Arverne Group reported a 46% increase in business volume to €25.2 million in 2025, driven by strong performance in deep drilling and heating & cooling segments.
- The company's portfolio includes nearly 100 deep geothermal projects with 5 TWh of potential, aligning with France’s Multiannual Energy Programme targets for 2035.
- Lithium de France project in Alsace is progressing successfully, targeting an annual production capacity of 27,000 tonnes of lithium, equivalent to equipping 800,000 electric vehicles.
- Arverne completed a €40 million Series B2 financing for Lithium de France with Equinor Ventures and increased its ownership stake in the project to 73.8%.
- The company reported a net loss of €23.6 million in 2025, despite a 27% increase in consolidated revenue to €17.96 million.
The big picture
Arverne Group's strong performance in 2025 reflects the growing demand for geothermal energy solutions and critical minerals like lithium, essential for Europe’s energy sovereignty and decarbonization goals. The company's strategic focus on deep geothermal projects and its partnership with Equinor Ventures positions it to capitalize on the increasing global demand for sustainable energy and battery materials. However, managing financial losses while scaling up operations remains a key challenge.
What we're watching
- Project Execution
- The pace at which Arverne can deliver on its deep geothermal and lithium projects will determine its ability to meet accelerated targets and maintain growth momentum.
- Financial Performance
- Whether Arverne can sustain revenue growth while managing increasing operational and capital expenditures, particularly for the Lithium de France project.
- Regulatory Environment
- How changes in regulatory frameworks and municipal elections could impact the timing and approval of geothermal projects across France.
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