Stockholm Exergi

Name

Stockholm Exergi

Legal name

Stockholm Exergi AB

Website

https://stockholmexergi.se

Company type

Private

Founded year

1856

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

District Heating and Cooling (Urban Energy Services)

NAICS

Steam and Air-Conditioning Supply (221330), Biomass Electric Power Generation (221117), Solid Waste Combustors and Incinerators (562213)

SIC

Cogeneration Services & Small Power Producers (4991), Refuse Systems (4953)

akta.pro primary industry

Waste-to-Energy (WtE) Combustion Facilities (BPALACAD)

akta.pro secondary industries

Biomass Carbon Removal & Storage (BECCS/Bioenergy with CO₂ Capture) (EUABAFAB), BECCS Project Development & Integration (Permitting, FEED, EPC Interface) (EUAAALAA), Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL)

Keywords

• District heating services
• District cooling services
• Bioenergy carbon capture
• Waste-to-energy services
• Permanent carbon removal

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. District Heating and Cooling Sales: Revenue from selling district heating and cooling to residential, commercial, and industrial customers across Stockholm. Customers include housing cooperatives (BRF), property management companies, businesses, and individual homeowners.
2. Electricity Generation: Revenue from electricity production at combined heat and power (CHP) plants. The company operates bio-power plants that generate both heat and electricity, with electricity sold to the grid.
3. Carbon Removal Certificates: Sale of permanent carbon removal certificates (CRCs) from BECCS operations to corporate customers with net-zero commitments. Major agreements include Microsoft (world's largest annual carbon removal agreement at 500,000 tonnes/year), Frontier (buyers include Stripe, Alphabet, Shopify, Meta, McKinsey, H&M), Axfast, Fastpartner, and Stockholm City.
4. Waste Treatment Services: Revenue from processing residual waste (approximately 900,000 tonnes per year) through energy recovery, converting waste into heat and electricity while reducing environmental impact.
5. Energy Services: Additional services including solar panel installation, EV charging solutions, battery storage, and digital energy optimization services for property owners.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Stockholm Exergi produces and distributes district heating and district cooling through a 300 km network serving more than 800,000 Stockholm residents and commercial customers, generates electricity from biomass combined heat and power plants, and processes approximately 900,000 tonnes of residual waste per year for energy recovery. The company is constructing Beccs Stockholm, one of the world's first large-scale BECCS facilities, which will permanently capture and geologically store 800,000 tonnes of biogenic CO2 per year and enable sale of verified carbon removal certificates to corporate buyers.

Product overview

Stockholm Exergi operates as a municipal energy company providing district heating, district cooling, and waste-to-energy services to Stockholm. The core offering centers on the 300 km district heating network serving 800,000+ residents. The company is building Beccs Stockholm - one of the world's largest bioenergy carbon capture facilities. The product architecture combines physical energy infrastructure (heating, cooling, waste processing) with a digital services layer centered on the Intelligy Solutions platform, which enables remote monitoring, heat optimization, and indoor climate management. Additional add-on modules include solar panels (via GoSol Energi), EV charging (via ChargeNode), battery storage, heat recovery, and balancing services for the electricity grid. The portfolio includes service packages for housing associations (Start, Insikt, Trygg) and various heat exchanger station configurations (Bas, Standard, Premium).

Differentiator

Problem solved

Functional benefit

Brands

• Intelligy Solutions: Digital platform for smart heating control, optimization, and monitoring of district heating systems in properties
• Beccs Stockholm
• Värmeoptimering

Products and services

• District Heating (Fjärrvärme) Supply of heating to residential and commercial properties through a 300 km district heating network serving over 800,000 Stockholm residents. Heat is generated from biomass combustion, waste-to-energy recovery, and combined heat and power plants.
• District Cooling (Fjärrkyla) Supply of chilled water through underground insulated pipes for energy-efficient cooling of commercial buildings and urban developments in Stockholm, leveraging the same network infrastructure as district heating.
• Beccs Stockholm - Permanent Carbon Removal (BECCS) Bioenergy with Carbon Capture and Storage (BECCS) service that captures biogenic CO2 from combustion of biomass (forest residues, branches, tops from sustainable forestry) and stores it permanently in bedrock beneath the seabed in partnership with Northern Lights. Facility will capture 800,000 tonnes of CO2 per year, exceeding Stockholm's road traffic emissions.
• Waste Treatment with Energy Recovery Processing of residual waste to produce electricity and district heating, with approximately 900,000 tonnes of waste handled annually. Converts non-recyclable waste into useful energy while reducing landfill methane emissions.
• Electricity Generation and Supply Electricity produced at combined heat and power (CHP) plants operated by Stockholm Exergi using sustainable biomass. Electricity is supplied to the Swedish grid and balancing services are offered to maintain grid stability, including FCR and FFR products from battery parks.
• Intelligy Solutions - Digital Energy Platform Digital platform enabling remote monitoring, optimization, and control of district heating systems for property managers and businesses. Includes digital services such as Driftövervakning (remote monitoring), Värmeoptimering (heat optimization), and Inomhusklimat (indoor climate). The platform is also licensed to partner utilities.
• Permanent Carbon Removal Certificates (BECCS Certificates) Sale of verified permanent carbon removal certificates (CRCs) from BECCS operations to corporate customers with net-zero and carbon-negative commitments. Buyers include Microsoft, the Frontier consortium (Stripe, Alphabet, Shopify, Meta, JP Morgan, H&M, McKinsey), Axfast, Fastpartner, and the City of Stockholm.
• Solar Panel Installation Services Solar panel installation services offered in partnership with GoSol Energi for residential villas and commercial properties. Includes 650 MWh/year installations on multi-property residential projects and 1 MW installations on logistics properties with battery storage integration.
• EV Charging Solutions Electric vehicle charging solutions offered in partnership with ChargeNode for housing cooperatives and property owners. Hardware is integrated with the Intelligy digital platform for optimized energy use; Stockholm Exergi handles project management and installation.
• Battery Energy Storage Solutions Battery storage solutions for energy storage offered as part of comprehensive energy solutions for commercial customers. Includes installations at logistics properties (e.g., Genesta 1 MW solar + battery) and grid balancing applications (FCR, FFR products).
• Heat Recovery Services (Värmeåtervinning) Heat recovery services for industrial and commercial facilities to capture and reuse waste heat. Includes data center heat reuse partnerships (atNorth SWE02 30MW facility) where excess server heat is recycled into the local district heating network.

Quantifiable outcome

• 800,000 tonnes CO2 captured annually - exceeding Stockholm's road traffic emissions
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• Northern LightscoreStrategic or Co-development PartnerNorthern Lights is the partner for CO2 transport and storage from Stockholm Exergi's BECCS facility. CO2 will be transported to Norway for permanent storage beneath the North Sea seabed. Northern Lights is expanding capacity from 1.5M to 5M tonnes per year.
• Stockholm CitycoreStrategic or Co-development PartnerStockholm Exergi is owned by the City of Stockholm and Ankhiale. The City of Stockholm also purchases 50,000 tonnes/year of carbon removals, becoming the world's fifth largest buyer of carbon removals.
• CATACARBcoreTechnology or IntegrationCATACARB licensed its HPC (High Performance Carbon capture) technology, designed the carbon capture process, and provided engineering support for the Stockholm Exergi BECCS facility enabling 800,000 tonnes CO2 capture per year.
• SaipemmajorImplementation/ SI/ Consulting PartnerEngineering contractor for the BECCS Stockholm project, working alongside Stockholm Exergi and CATACARB on the facility design and construction.
• NOAH and MuntersminorStrategic or Co-development PartnerSwedish industry partners collaborating to transform industrial waste (fly ash and salt residues) into building materials (plasterboards) through circular economy initiatives, enhancing sustainability and replacing virgin raw materials.
• atNorthminorStrategic or Co-development PartnerNordic data center operator building 30MW data center (SWE02) in Stockholm with heat reuse capabilities in partnership with Stockholm Exergi. Excess heat from the data center will be recycled for use within the local community.
• GoSol EnergimajorChannel Partner/ Reseller/ DistributorPartnership with GoSol Energi, one of Sweden's leading providers of solar panels, EV charging, and smart property electricity, to offer solar energy solutions to Stockholm Exergi customers.
• ChargeNodemajorChannel Partner/ Reseller/ DistributorCollaboration for EV charging solutions for Stockholm Exergi's customers (housing cooperatives and property owners). ChargeNode provides hardware while Stockholm Exergi handles project management and installation.
• Sollentuna Energi och Miljö (SEOM)minorChannel Partner/ Reseller/ DistributorDigital district heating partnership where Stockholm Exergi's Intelligy Solutions platform is offered to SEOM's customers for heat optimization and monitoring services.
• GenestamajorStrategic or Co-development PartnerReal estate company partnership for solar panel (1 MW) and battery storage installation on logistics properties. Partnership includes investment and control of battery storage systems.
• John MattsonmajorStrategic or Co-development PartnerProperty company partnership with 57 million SEK investment in Stockholm Exergi's heating transition. Aims for long-term district heating supply and net-zero production of district heating for Stockholm region.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Vattenfall: Swedish state-owned utility and one of Europe's largest district heating and biomass power operators. Vattenfall directly competes in the Swedish/Nordic district heating market and operates comparable biomass-fired CHP infrastructure with active CCS ambitions, making it the closest peer to Stockholm Exergi.
• Göteborg Energi: Municipal energy company for Gothenburg operating district heating, district cooling, and biomass/waste-to-energy generation. Directly comparable business model as a Swedish municipal utility with similar fuel mix and customer base, owned by the City of Gothenburg.
• E.ON Sverige: Swedish arm of E.ON operating district heating and energy services networks across southern Sweden. Competes directly with Stockholm Exergi for industrial and commercial heating customers in Sweden and offers comparable heat optimization and energy services solutions.
• Mälarenergi: Municipal energy company serving Västerås with district heating, electricity, and biomass power generation. Operates similar biomass-fired CHP infrastructure for a Swedish mid-sized city, making it a strong direct peer for operations and scale comparison.
• Öresundskraft: Regional energy utility serving the Malmö/Lund region in southern Sweden with district heating, electricity, and gas services. Comparable municipal-style utility model with similar district heating infrastructure serving Swedish residential and commercial customers.

Broad incumbents

• Fortum: Finnish state-influenced utility that was the former parent of Stockholm Exergi (then 'Fortum Värme'). Operates district heating across the Nordics and Poland and is pursuing CCS projects at scale; broad incumbent with overlapping capabilities across the same Nordic utility footprint.
• Veolia: Global waste management and energy services company with significant waste-to-energy operations across Europe. Comparable to Stockholm Exergi's 900,000 t/yr waste treatment business and district heating/cooling operations in other European cities, though at much broader scale.

Emerging players

• Aker Carbon Capture: Norwegian carbon capture technology provider pursuing large-scale CCS deployments, including Just Catch and Big Catch modular units. Comparable to Stockholm Exergi in the BECCS/CCS strategic space, though Aker is a technology supplier rather than an integrated utility operator.
• Climeworks: Swiss leader in direct air capture (DAC) carbon removal technology and a leading player in the voluntary carbon removal market alongside Stockholm Exergi. Competes for the same corporate carbon removal buyers (Microsoft, Frontier consortium) with a different but emerging removal technology.

Regional players

• Helsingborg Energi: Municipal energy company serving Helsingborg with district heating and cooling services. Comparable municipal utility model in the Swedish market with similar biomass-based heating infrastructure, though serving a different geography than Stockholm Exergi.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/SthlmExergi
• YouTubeyoutube.com/channel/UCGd9A2kKWSDgZqTpAgWtIJQ
• Facebookfacebook.com/stockholmexergi
• LinkedInlinkedin.com/company/stockholm-exergi
• Instagraminstagram.com/stockholmexergi

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stockholm Exergi