Keravan Energia

What Keravan Energia does

Keravan Energia Oy is a privately held Finnish municipal energy utility headquartered in Kerava, founded in 1906 and majority-owned by the City of Kerava (96.5%) and the Sipoo municipality (3.5%). The company is the regulated electricity distribution system operator (DSO) for the Kerava and Sipoo service area, operating a 2,541.9 km electricity network (1,332.9 km cable + 1,209 km overhead) and a 158.8 km district heating network, and serves 39,388 distribution customers. It produces and supplies electricity (596.6 GWh sold in 2025), district heating and steam (321.1 GWh), and natural gas (3.1 GWh) through a vertically integrated mix of owned assets (bio power plant, solar plants, heating centers) and co-owned Mankala-principle companies such as Suomen Voima Oy that provide cost-based access to nuclear, wind, and hydro generation.

Its core technology stack comprises the physical grid and heating infrastructure, a smart metering rollout feeding consumption data to Fingrid Datahub, drone-based grid inspection, and a customer-facing OmaSähkö progressive web app for self-service contract management. Ancillary product lines include solar panels, air-source heat pumps, and EV charging stations sold to residential and SME customers. The group structure comprises the parent Keravan Energia Oy plus two wholly-owned subsidiaries (Sipoon Energia Oy and Keravan Lämpövoima Oy).

Revenue is generated through five streams — regulated electricity distribution tariffs, retail electricity supply contracts (spot, fixed, and hybrid tiers) sold nationwide via the self-serve portal, district heating subscriptions, natural gas distribution, and energy production/wholesale. FY2025 revenue was €79.2M (down 15.7% from €94.0M in 2024), with €23.2M invested in infrastructure in 2025 (up from €17.9M in 2024). GTM is hybrid: a direct-to-consumer self-serve motion for residential and SME supply contracts across Finland, paired with a sales-led motion for businesses, housing companies, and district heating customers in the Kerava/Sipoo service area, supported by free expert consultations and digital marketing.

Name

Keravan Energia

Legal name

Keravan Energia Oy

Website

https://keravanenergia.fi

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

101–250 employees

Short description

Keravan Energia is a Finnish municipal energy utility (est. 1906) that operates the regulated electricity distribution and district heating networks in Kerava and Sipoo, serving 39,388 customers, while also selling electricity contracts, solar panels, heat pumps, and EV chargers nationwide.

Ownership category

akta.pro rank

Product category

Electric and District Heating Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Municipal Electric Utilities (Munis) (EUADABAB)

Keywords

• Electricity distribution services
• District heating supply
• Retail electricity contracts
• Renewable energy generation
• Natural gas distribution

Headquarters

HQ city

Kerava

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Distribution (Sähkönsiirto): Charges for electricity transmission and distribution through the company's owned grid in Kerava and Sipoo. Revenue from network fees passed through regulated tariffs.
2. Electricity Sales (Sähkönmyynti): Sale of electricity contracts to residential, business, and housing company customers across all of Finland. Multiple product tiers including spot-price (Fiksusähkö), fixed-rate, and hybrid options.
3. District Heating (Kaukolämpö): Production and distribution of district heating to customers in Kerava and Sipoo via the company's district heating network. 341 GWh produced in 2024.
4. Natural Gas Distribution (Maakaasu): Distribution of natural gas in the service area. Minor revenue stream (3.1 GWh sold in 2025, down 32.6% year-over-year).
5. Energy Production and Wholesale: Electricity and heat production from owned assets (bio power plant, solar plants, heating centers) and co-ownership in Mankala-principle companies (Suomen Voima Oy and others) supplying power at cost.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Keravan Energia is a municipally-owned Finnish energy utility that distributes electricity and natural gas, produces and supplies district heating, and retails electricity contracts (spot, fixed, and hybrid) to households, businesses, and housing companies. It also offers complementary energy products including solar panels, air-source heat pumps, and EV charging stations to customers primarily in the Kerava and Sipoo service area, with electricity supply contracts sold nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Fiksusähkö (Spot-price electricity contract)
• Perussähkö (Fixed-rate electricity contract)
• Joustosähkö (Hybrid electricity contract)
• Electricity distribution (Sähkönsiirto)
• District heating (Kaukolämpö)
• Natural gas distribution (Maakaasu)
• Solar panels (Aurinkopaneelit)
• Air-source heat pumps (Ilmalämpöpumput)
• EV charging stations (Latausasemat)
• Business and housing-company electricity contracts (Yrityssähkö ja taloyhtiösähkö)
• OmaSähkö customer application (PWA)

Quantifiable outcome

• 92% reduction in CO2 emissions achieved
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Suomen Voima OycoreStrategic or Co-development PartnerMankala-principle company co-owned by Keravan Energia. Owns power plant shares and procures low-emission and renewable energy for its shareholders at cost. Objective: better energy self-sufficiency for shareholders and significant role in Nordic energy markets.
• Woodtracker OyminorStrategic or Co-development PartnerFinnish company on international bioenergy markets that procures and supplies sustainably produced renewable bioenergy to its shareholders.
• Suomen Energiavarat OyminorStrategic or Co-development PartnerFinnish company whose purpose is to develop Vapo Oy's operations as an owner and ensure the availability of domestic energy resources.
• Fincopower OyminorStrategic or Co-development PartnerCompany that competitively tenders electricity network construction material procurement on behalf of its owners.
• Fingrid Datahub OycoreTechnology or IntegrationElectricity market data hub operator. As a regulated electricity market participant, Keravan Energia exchanges customer and consumption data with Fingrid Datahub for electricity market communications.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Porvoon Energia: Finnish municipal energy utility serving Porvoo, providing electricity distribution, sales, and district heating. Co-owner of Tripower Oy together with Keravan Energia, indicating very similar business scope, scale, and operating model.
• Nurmijärven Sähkö: Municipal DSO in southern Finland serving the Nurmijärvi region. Tripower Oy co-owner with Keravan Energia, comparable in size, customer base, and vertically integrated electricity services.
• Mäntsälän Sähkö: Finnish municipal electricity distribution and sales utility operating in the Mäntsälä area. Tripower Oy partner of Keravan Energia, with a directly comparable DSO franchise and product mix.
• Lahti Energia: Finnish municipal energy utility in Lahti offering electricity distribution, district heating, and related services. Closely comparable DSO-plus-district-heating model to Keravan Energia, though larger.

Broad incumbents

• Vantaan Energia: One of Finland's largest municipal energy companies, serving Vantaa with electricity, district heating, and cooling. Comparable business lines (DSO, district heating, energy retail) but materially larger scale than Keravan Energia.
• Helen (Helsinki Energy): Finland's largest municipal energy utility, owned by the City of Helsinki, operating electricity, district heating, cooling, and a broad range of energy services. Overlapping business model (DSO + district heating + retail) with much greater scale and geographic reach.
• Tampereen Energia: Major Finnish municipal energy utility owned by the City of Tampere, providing electricity distribution, sales, and district heating. Operates in the same regulatory framework with a much larger franchise.
• Turku Energia: Municipal energy company of Turku, supplying electricity, district heating, and related services. Comparable vertically integrated model with a significantly larger customer base than Keravan Energia.
• Fortum: Large Nordic energy utility with generation, distribution, and retail operations across Finland and the Nordics. Competes with Keravan Energia in electricity retail nationwide but at vastly larger scale and broader geographic footprint.

Others

• Suomen Voima Oy: Mankala-principle power company co-owned by Keravan Energia that procures low-emission and renewable electricity at cost for shareholders. A partner/ecosystem player rather than competitor, but materially shapes Keravan Energia's generation economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

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 Keravan Energia