Archives

Adven renews its financing platform with EUR 675 million

[caption id="attachment_19613" align="alignnone" width="700"] Adven CFO Toni Tamminen. Picture: Adven[/caption]   Adven has renewed its financing platform by raising EUR 675 million through a mix of bank and private placement loans and establishing an investment grade (BBB) rating for the platform. The refinancing was closed in early January 2025, and…

Nammo Vihtavuori doubles waste heat recovery with new cooling plant

Adven and Nammo Vihtavuori have agreed to build a new cooling plant for Nammo’s propellant plant in Laukaa, Finland. The new solution doubles the use of waste heat at the factory, eventually meeting over 80% of the heating needs for properties in the area. This is the result of nearly…

Arla Vimmerby now 30% more energy efficient

Just in time for Arla's 20th anniversary in Vimmerby, the milk powder factory is now 30 per cent more energy efficient. This is the result of a close collaboration with energy partner Adven that began in 2021, who also made the site fossil free. The farmer-owned company is now harvesting…

Adven transforms the district heating in Kuusamo with electricity

Adven and Kuusamo Energy and Water Cooperative (EVO) have agreed to renew district heating production in the center of Kuusamo, Finland. In the future, district heating will be partially produced using electricity. Adven will build a new energy center in Kuusamo, consisting of a 110 kV electricity connection, an electric…

Adven invests in sustainable district heating in Estonia

Adven has invested significantly in developing its district heating networks in Estonia over the past eight years. To ensure a reliable and efficient heat supply, renovation work will be carried out in nine network areas across Estonia over the next one and a half years. The renovation and construction of…

Adven and Jujo Thermal agree on continued long-term steam production

Adven and Jujo Thermal Oy have agreed to continue their long-term collaboration in steam production in Eura, Finland. Through this agreement, Adven will continue to deliver steam from the Kauttua power plant for Jujo Thermal’s paper mill and strengthens industrial collaboration in the area. This partnership further enhances the reliable…

Fueling the energy transition with waste heat

Some are trying to solve the energy supply – others are squandering it. Even though there are millions to be gained in capturing residual heat, it is a relatively untapped resource according to Adven experts. A conclusion that is supported by the Swedish Energy Agency's calculations. There are exceptions, one…

Adven acquires Österlens Kraft Fjärrvärme AB

Adven announces the acquisition of the district heating company Österlens Kraft Fjärrvärme AB in Simrishamn, Sweden, from Österlens Kraft Ekonomiska Förening. With this, the company will become part of Adven, bringing along over 50 years of experience in district heating. The acquisition is expected to be finalized at the beginning…