Towards a carbon neutral future. A transformational investment opportunity with Nevel Entrepreneurial Journeys

In this episode of Entrepreneurial Journeys (season 2), we speak to Nevel’s CEO, Thomas Luther, its Chairman, Eero Auranne, and two of their partners at Ardian: Simo Santavirta and Daniel von der Schulenburg.
Nevel, based just outside Helsinki, Finland, specializes in industrial energy solutions and district heating - an underground network that can heat multiple buildings with hot water from a central plant. Ardian, which acquired the company in 2020, saw in Nevel “an unpolished diamond with significant potential”. Today, Nevel is working to transition away from peat fuel to reduce its carbon footprint. The industrial plan put in place to achieve this transition allows the network to be greener, more efficient and more profitable, as testified by Nevel’s market growth.
Our journalist Colette Davidson went to Finland to meet with Nevel’s CEO, Thomas Luther, its Chairman, Eero Auranne, and two of their Ardian partners working within the Infrastructure activity: Simo Santavirta and Daniel von der Schulenburg, to learn more about the collaboration between Nevel and Ardian, and this successful decarbonization journey.
"Nevel will be the first forerunner company, in decarbonizing the heat generation fleet." Eero Auranne, Chairman, Nevel
"Low carbon today is not only about doing the right thing morally and environmentally, but you are out of business in the future if you don't live up to it." Thomas Luther, CEO, Nevel
"In Nevel, I guess we saw an unpolished diamond with significant potential, together with a great ESG story for decarbonization, while using the company as a platform for meaningful growth." Simo Santavirta, Head of Asset Management – Infrastructure, Ardian
"The beauty of it is that it makes the network more profitable while reducing emissions because we are making the network more efficient." Daniel von der Schulenburg, Head of Infrastructure Germany, Benelux & Northern Europe, Ardian
Entrepreneurial Journeys is a podcast about Ardian’s commitment to building lasting change, by partnering with managers to build resilient, high-quality businesses that are fit to face the future.
This podcast is hosted by Colette Davidson and produced by Louie Creative for Ardian.
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