Arverne has raised EUR 70 million after bond issuance to support a roadmap for the growth of its geothermal heating and cooling and lithium operations in France. French geothermal developer and solutions provider Arverne Group (Arverne) has announced the successful completion of its EUR 70 million issuance of Bonds Redeemable in New or Existing Shares (d’Obligations Remboursables en Actions Nouvelles ou Existantes / ORANE). The funds raised will go towards the execution of Arverne’s Dual Flow strategic plan, which charts a roadmap for its geothermal and lithium production operations until 2033. The Dual Flow roadmapThe proceeds will enable Arverne to accelerate the execution of its Dual Flow strategic plan. For 2026, Arverne has set out targets for the first year of implementation of the Dual Flow plan.