Ellevio
Ellevio is a Swedish regulated electricity distribution utility serving approximately 1 million customers across multiple Swedish counties, operating regional and local grid infrastructure from 40 kV to 220 kV, complemented by Energy Solutions in solar, EV charging, and battery storage.
- Company typePrivate
- Founded2015
- HeadquartersStockholm, Sweden
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Ellevio does
Ellevio AB (publ) is one of Sweden's largest electricity distribution grid companies, operating regional and local network infrastructure across multiple Swedish counties including Stockholm, Dalarna, Gävleborg, Halland, Jämtland, Värmland, Västra Götaland, Västernorrland, and Örebro. Founded in 2015, the company serves approximately 1 million residential and business customers through voltage levels ranging from 40 kV to 220 kV, delivering regulated electricity distribution under concession areas overseen by the Swedish Energy Markets Inspectorate (Ei). The company reports through three legal entities: Ellevio AB (publ), Ellevio Energy Solutions AB (solar, charging stations, battery storage, Power-as-a-Service), and Ellevio Sverige AB (group shared services).
The company's core technology stack centers on physical grid infrastructure augmented by smart grid digitalization, including line agents (linjeagenter) mounted on overhead lines to reduce outage times, OT infrastructure for monitoring producers, consumers, and prosumers, and a partnership with Gomero for grid analytics. Customer-facing digital tools include the Ellevio App (iOS/Android with BankID authentication) offering real-time consumption monitoring via SaveEyes integration, usage forecasting, family sharing, and spot price comparison, plus the Mina sidor web portal. Notable infrastructure assets include Sweden's largest grid battery (10 MW at Grums for Svenska kraftnät balancing services), dedicated substations for data center operators (atNorth SWE02 and Conapto Stockholm 4 South), and new 145 kV infrastructure under construction in Mariestad for Volvo's planned battery factory.
Ellevio's revenue model is primarily subscription-based through regulated network tariffs (nätavgifter) under a revenue cap (intäktsram) set by Ei, structured as a fixed monthly fee based on fuse size plus a variable transmission fee based on kWh usage, returning to a fuse-based model from 1 June 2026. The company generated SEK 8,902 million in net sales in 2025 with SEK 2,906 million operating profit, supported by a SEK 5,592 million capital expenditure program. Funding is sourced through a combination of operational cash flow, a EUR 500 million green bond (May 2025), and a SEK 1 billion NIB 10-year loan (October 2022). The company operates as an unregulated investment entity in legal form (AB (publ)) but with no public stock exchange listing, maintaining privately-held ownership.
Ellevio firmographics
Firmographics- Name
- Ellevio
- Legal name
- Ellevio AB (publ)
- Website
- https://www.ellevio.se
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Ellevio is a Swedish regulated electricity distribution utility serving approximately 1 million customers across multiple Swedish counties, operating regional and local grid infrastructure from 40 kV to 220 kV, complemented by Energy Solutions in solar, EV charging, and battery storage.
- Ownership category
- akta.pro rank
Ellevio industry classification
Industry- Product category
- Electricity Distribution / Utility Grid Services
- NAICS
- Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)
- akta.pro secondary industries
- DER & Microgrid Interconnection / Grid Edge Integration Services (EUAEANAF), Market Access, Bidding & Settlement Services for Aggregators (ISO/RTO, Balancing) (EUAFAHAH)
Keywords
Where Ellevio is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices4 records
Markets served
Ellevio business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Electricity Grid Transmission and Distribution: Ellevio operates as a regulated electricity distribution company (elnätsföretag) in Sweden, providing electricity transmission and distribution services. Revenue is generated through network fees (nätavgifter) charged to customers for electricity distribution, based on a regulated revenue cap (intäktsram) set by the Swedish Energy Markets Inspectorate (Ei). The company operates in both regional networks (regionnät) and local networks (lokalnät) across multiple Swedish counties, with network tariffs structured around a fixed monthly fee based on fuse size and a variable transmission fee based on electricity usage. The company is returning to a fuse-based grid fee model from 1 June 2026, having previously offered a pricing model without effect charges.
- Energy Solutions (Ellevio Energy Solutions AB): Ellevio Energy Solutions AB offers energy-related products and services to customers including solar panels, charging stations (laddbox), and battery storage. The company also offers Power-as-a-Service. Interest inquiries collected via the website are forwarded to partner suppliers. Revenue includes direct product sales and referral/commission arrangements with partner suppliers. Additionally, Ellevio has built Sweden's largest electricity grid battery (10 MW) in Grums for grid balancing support to Svenska kraftnät.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Fuse-based grid fee model (returning from June 2026): Fixed monthly fee + variable transmission fee |
Distribution channels5 records
Marketing channels8 records
Ellevio product offering
Product offeringCore offering
Ellevio operates as a regulated Swedish electricity distribution utility (elnätsföretag), providing electricity transmission and distribution services through regional and local grid networks serving approximately 1 million customers. Revenue is generated through network fees (nätavgifter) regulated by the Swedish Energy Markets Inspectorate (Ei). The company complements its core grid services with Ellevio Energy Solutions AB offerings (solar panels, charging stations, battery storage) and digital customer tools (Ellevio app, Mina sidor portal).
Product overview
Ellevio operates as a Swedish electricity grid company (elnätsföretag) offering a unified portfolio of grid distribution services and digital customer tools. The core offering consists of electricity grid infrastructure services (Elnätsavtal) delivered through physical network infrastructure, complemented by digital self-service platforms: the Ellevio App (mobile application for iOS/Android) and Mina sidor (web portal). The Energy Solutions subsidiary extends the portfolio to energy-related products including solar panels and charging stations. Additional offerings include Power-as-a-Service for flexible energy access, and the Startup 4 Climate innovation program. Together these products serve residential and business customers across Sweden's concession areas.
Differentiator
Problem solved
Functional benefit
Products and services
- Ellevio Elnätsavtal (Electricity Grid Service Agreement) Regulated electricity transmission and distribution service agreements for residential and business customers within Ellevio's concession areas across Sweden. Pricing structured as a fixed monthly fee based on fuse size (16A to 63A) plus a variable transmission fee based on electricity usage, with the company returning to a fuse-based grid fee model from 1 June 2026.
- Ellevio App
Quantifiable outcome
- Distribution capacity in Stockholm increased by ~800 MW through substation rebuild and expansion
- +3 more outcomes
Companies that use Ellevio
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Ellevio technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Ellevio partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered major, core, minor and flagship.
- atNorthmajorEllevio is building a new electrical substation to support atNorth's 30MW metro data center (SWE02) in Stockholm, scheduled to go live Q4 2027. The substation is part of atNorth's campus expansion near its existing Kista facility. This partnership positions Ellevio as critical power infrastructure provider for data center operators.
- Stockholm ExergimajorStockholm Exergi collaborates with atNorth on heat reuse capabilities for the SWE02 data center, allowing excess heat from the facility to be recycled for use within the local Stockholm community. Ellevio is building the power infrastructure for this sustainable data center project.
- ConaptomajorEllevio provides 8 MW of additional power capacity to Conapto for the expansion of its Stockholm 4 South data center (from 20 MW to 28 MW total), scheduled to be operational by 1 January 2026. The expansion supports growing demand for AI, digitalization, and cloud services in the Stockholm region.
- GomerocoreEllevio partners with Gomero to develop smart grid capabilities by connecting more facilities and introducing new technology for monitoring and maintenance. This partnership aims to create a more efficient, stable, and sustainable electricity grid, contributing to Ellevio's Vision 2030 for smart grid deployment.
- Volvo (battery factory, Mariestad)coreEllevio is building and reinforcing the electricity grid in Mariestad to enable Volvo's planned battery factory at Korstorp industrial area. This includes a new switching station, 145 kV overhead power lines (~2 km), and capacity upgrades. Volvo's battery factory is a landmark industrial electrification project in Sweden. A concession for the power lines was approved by the Energy Markets Inspectorate in early 2024.
- Svenska kraftnät (Swedish National Grid)coreEllevio's 10 MW grid battery in Grums (Sweden's largest electricity grid battery, built via Ellevio Energy Solutions) provides balancing services to Svenska kraftnät to help maintain stability in the national electricity grid and enable increased integration of wind and solar power.
- RISE (Research Institutes of Sweden)minorRISE is cited as a key research partner in the Swedish battery ecosystem. Claes Winzell from RISE is quoted discussing battery production and Sweden's readiness to become a leading battery nation in Europe. Ellevio's grid investments in areas like Mariestad are part of the broader ecosystem RISE supports.
- GodElflagshipEllevio and GodEl co-organize Startup 4 Climate, Europe's largest innovation competition in the energy transition space. The competition aims to find and support startups with climate-positive solutions. The prize pool is 2 million SEK, with a final event held annually in November. Ellevio's CEO Johan Lindehag is a jury member and co-founder of the competition.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Ellevio competitors and assessment
Company assessmentBroad incumbents
- Fortum: Fortum is a large Nordic energy group with regulated and unregulated operations across Finland and Sweden, including distribution and district heating. While its portfolio is much broader than Ellevio's, its Swedish grid assets and exposure to Nordic electrification policy make it a benchmark incumbent peer.
- Svenska kraftnät: Svenska kraftnät is the Swedish national grid operator and counterparty for Ellevio's 10 MW Grums battery balancing services. As the TSO above Ellevio in the Swedish grid hierarchy, it is a directly relevant peer for understanding transmission economics, ancillary services markets, and the regulatory environment in which Ellevio's distribution business operates.
- Statnett: Statnett is the Norwegian transmission system operator (TSO) — the bulk-transmission counterpart to Sweden's Svenska kraftnät. It is comparable as a Nordic regulated grid operator with substantial capex programs for grid reinforcement and renewable integration, providing valuation and capital-structure benchmarks relevant to Ellevio's growth trajectory.
Regional players
- Göteborg Energi: Göteborg Energi (Gothenburg Energy) operates the local electricity distribution network for Gothenburg and surrounding areas, alongside district heating and gas. It is a relevant peer for large-municipality network operations in Sweden and serves comparable industrial and residential load profiles.
- Skånska Energi: Skånska Energi operates local electricity distribution networks in southern Sweden (primarily Skåne). It is a smaller regional peer to Ellevio, useful for understanding concession-area economics and tariff models outside Stockholm and the major urban centers where Ellevio is concentrated.
- Mälarenergi: Mälarenergi is a vertically integrated energy company based in Västerås operating local electricity distribution, district heating, and water services in central Sweden. It is comparable to Ellevio as a Swedish regional/local network operator with overlapping regulatory exposure and similar industrial-customer base in the Mälardalen region.
- Jämtkraft: Jämtkraft is a regional Swedish energy company operating electricity distribution, generation, and heating primarily in Jämtland county. Its regulated distribution business overlaps with Ellevio's network geography in northern Sweden, making it a relevant peer for regional network operations and capex benchmarks.
- Affärsverken: Affärsverken operates electricity distribution, district heating, water, and broadband in Karlskrona and Blekinge. As a multi-utility Swedish network operator, it provides comparison points for smaller-scale grid investment cycles and smart-grid rollout economics relevant to Ellevio's regional subsidiaries.
Direct peers
- Vattenfall Eldistribution: Vattenfall's Swedish electricity distribution business operates regulated regional and local networks serving millions of customers across Sweden. It is Ellevio's closest direct competitor within the same concession-area, regulated-utility model and faces the same revenue cap from the Swedish Energy Markets Inspectorate.
- E.ON Energidistribution: E.ON's Swedish grid unit operates regulated electricity distribution networks in southern Sweden. Like Ellevio it is a regulated DSO serving residential, commercial, and industrial customers under the Ei revenue-cap framework, making it a directly comparable peer for tariff structure, capex intensity, and operational metrics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Ellevio social profiles
Digital presenceEllevio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ellevio leadership team
Management profileNumber of profiles
Profiles1 record
Ellevio subsidiaries and ownership
Company hierarchySubsidiaries2 records
Ellevio funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ellevio M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ellevio
What does Ellevio do?
Ellevio operates as a regulated Swedish electricity distribution utility (elnätsföretag), providing electricity transmission and distribution services through regional and local grid networks serving approximately 1 million customers. Revenue is generated through network fees (nätavgifter) regulated by the Swedish Energy Markets Inspectorate (Ei). The company complements its core grid services with Ellevio Energy Solutions AB offerings (solar panels, charging stations, battery storage) and digital customer tools (Ellevio app, Mina sidor portal).
Is Ellevio a public or private company?
Ellevio is a private company. It is classified as unknown and is currently operating.
When was Ellevio founded?
Ellevio was founded in 2015. It employs 501 to 1,000 people.
Where is Ellevio based?
Ellevio is headquartered in Stockholm, Sweden, in the Europe region.
How does Ellevio make money?
Two revenue lines are on record. Electricity Grid Transmission and Distribution is the primary driver. The others are energy Solutions (Ellevio Energy Solutions AB).
Who are Ellevio's main competitors?
Broad incumbents on record are Fortum, Svenska kraftnät and Statnett. Regional players are Göteborg Energi, Skånska Energi, Mälarenergi, Jämtkraft and Affärsverken. Direct peers are Vattenfall Eldistribution and E.ON Energidistribution.
Does Ellevio have an API?
No public API is recorded for Ellevio.
What industry is Ellevio in?
Ellevio's product category is Electricity Distribution / Utility Grid Services. Its primary akta.pro industry code is EUADABAA, Investor-Owned Electric Distribution Utilities (IOUs), with a secondary code of EUAEANAF, DER & Microgrid Interconnection / Grid Edge Integration Services. Its NAICS code is 221122 and its SIC code is 4911.