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Electric boiler project progressing on schedule at Suominen’s Nakkila plant

Adven is investing in a 12-megawatt electric boiler at Suominen's nonwovens plant in Nakkila, Finland. The new electric boiler will enable more cost-efficient energy production by leveraging low hourly prices on the electricity market. Installation of the main equipment began in early May, marking the most intensive phase of the…

Solar power plant completes the transition to carbon-neutral energy at Mirka’s Oravainen factory

Mirka, the world’s leading manufacturers of abrasive products, is carrying out a major energy transition at its Oravainen factory in Finland, in collaboration with Adven. The project will make the site’s heating and cooling system fully carbon neutral. The energy solution combines geoenergy, solar power, an electric boiler and a…

Adven’s new bio boiler house started operations in Vändra, Estonia

A new renewable-fuel-based boiler house has started operating on Turu Street in Vändra, Estonia. The new facility improves security of supply, reduces environmental impact, and ensures more stable heating prices. For a long time, a solution was sought to modernize the previous, larger boiler plant on Jannseni Street. “The old…

Adven’s geoenergy and heat recovery solutions reduced a commercial property’s heating emissions to zero in Nastola, Finland

A large-scale energy renovation has been completed at the Kauppakaari 1 commercial property in Nastola, Finland. The property houses major retail chains such as Tokmanni, Lidl, and JYSK as tenants. Heating and cooling for the 10,000-square-meter property have transitioned to utilizing waste heat, renewable geoenergy and solar energy. Fossil fuels…

Building a strong foundation for future growth – new organization structure to support the journey

In a strategic move to accelerate growth and improve operational efficiency Adven has in December 2024 announced a new organizational structure to enhance efficiency and collaboration across all business segments. This new structure follows the appointment of Jonas Sjölander as CEO in November 2024, marking a new chapter in the…

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…

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…

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…