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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…

Winter Enerhack Camp – this time for girls only

During the first week of this year, Tallinn University of Technology (TalTech) hosted the Enerhack Camp, specifically designed for girls this time. The winter camp focuses on encouraging girls to explore the fields of technology and energy, breaking the stereotype that these are male-dominated areas, and inspiring them to shape…

The Northern European approach: A driving force behind the energy transition

For decades, Northern Europe has utilized a model to drive sustainability and accelerate the energy transition. This has been partly motivated by limited access to fossil fuels, unlike the natural gas abundance in the Netherlands. But the story doesn’t end there. The secret? An innovative approach known as “Energy as…

At Adven, we are surrounded by opportunities and growth

My name is Kasper Valliste, and I work as a Lead Engineer at Adven. My journey toward becoming an engineer began in childhood, when I spent hours going through my aunt’s science books. Chemistry and physics textbooks fascinated me the most, inspiring me to pursue a degree in thermal power…

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…