A consortium of investors including Arverne Group, Equinor Ventures and Hydro, led a €44m Series B round in Lithium de France, a geothermal heat and lithium company. “This capital financing operation constitutes a decisive and structuring step for the development of Lithium de France. Its economic model aims to contribute to the energy transition, through the supply of heat to communities and geothermal lithium, particularly to the automotive sector. We are delighted with the confidence placed in us by Hydro and the renewed support of Equinor Ventures,” Pierre Brossollet, Lithium de France President.