Ardian Clean Energy Evergreen Fund to invest in a 30 MW battery energy storage project in Finland from Merus Power.

Ardian Clean Energy Evergreen Fund, a vehicle managed by Ardian specializing in renewable energy infrastructure, agreed to invest in a 30 MW battery energy storage project in Finland developed by Merus Power, a Finnish power technology company. Financial terms were not disclosed. "Our first investment in Finnish battery storage was a significant milestone, and this second project further demonstrates Ardian’s commitment to clean energy expansion. Our experienced team, combined with deep local market expertise, enables us to successfully navigate the complexities of these projects and deliver long-term sustainable value for our investors. We have identified a significant opportunity in the Nordics for battery storage and have ambitious plans to continue to build out our platform," Benjamin Kennedy, Ardian Managing Director.