Rīgas Siltums
AS "RīGAS SILTUMS" is a Riga municipality-linked district heating utility that produces, transmits, and sells centralized heat energy to residential and commercial buildings across the Latvian capital via multiple heating substations, biomass, cogeneration, heat pumps, and solar generation. Founded 1995.
- Company typePrivate
- Founded1995
- HeadquartersRiga, Latvia
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Rīgas Siltums does
AS "RĪGAS SILTUMS" is a Riga municipality-linked joint-stock company (Akciju sabiedrība) that produces, transmits, and sells centralized heat energy across the Latvian capital. Operating since its 1995 founding, the company runs five heating substations — Imanta, Daugavgrīva, Ziepniekkalns, Vecmīlgrāvis, and Zasulauks — supported by an extensive district heating pipeline network. Its generation mix combines biomass boilers (wood chips), cogeneration units, large-capacity absorption heat pumps for flue-gas heat recovery, and solar panel installations for self-consumption, with active decarbonization underway. The company holds ISO 50001:2018 energy management certification (since September 2021, recertified 2024) and is implementing ISO 14001:2015 with certification targeted for Q2 2026.
Revenue is generated through publicly regulated heat energy tariffs, primarily serving residential apartment buildings, individual residents, and building managers across Riga. Distribution and customer service are operated directly — via the company website (rs.lv), 24/7 free hotline (800 000 90), and a chancellery in Cēsu iela 3A — with no third-party channel intermediaries. Beyond core heat supply, the company offers energy efficiency consulting, a public interactive Heat Map (via Rīgas Enerģētikas aģentūra), and guidance for multi-apartment building owners on reducing heating costs. Capital investment is heavily co-financed through EU Cohesion Fund programs, including the 2021-2027 cycle under which eight municipal buildings are being connected to the centralized network between July 2025 and June 2026.
Customer-facing digital tools remain limited, but the company has begun a TEST-BEFORE-INVEST pilot deploying NVIDIA AI Cosmos Reason video analytics on NVIDIA DGX Spark infrastructure for internal workplace safety monitoring. The company has also joined the DELNA/Transparency International Latvia "Zero Tolerance Against Corruption" initiative (November 2024) and holds an e-signature-friendly designation, signaling ongoing governance and digitalization initiatives. Strategic direction centers on network modernization, renewable integration, and operational efficiency rather than market expansion or new geographies.
Rīgas Siltums firmographics
Firmographics- Name
- Rīgas Siltums
- Legal name
- AS "Rīgas Siltums"
- Website
- https://rs.lv
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- AS "RīGAS SILTUMS" is a Riga municipality-linked district heating utility that produces, transmits, and sells centralized heat energy to residential and commercial buildings across the Latvian capital via multiple heating substations, biomass, cogeneration, heat pumps, and solar generation. Founded 1995.
- Ownership category
- akta.pro rank
Rīgas Siltums industry classification
Industry- Product category
- District Heating Services
- NAICS
- Steam and Air-Conditioning Supply (221330)
- SIC
- Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- District Heating & Cooling Thermal Storage (Network-Integrated TES) (EUAFANAH)
- akta.pro secondary industry
- Chillers, Boilers & Central Plant Operations (BPABACAG)
Keywords
Where Rīgas Siltums is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices1 record
Markets served
Rīgas Siltums business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D
Distribution channels1 record
Marketing channels2 records
Rīgas Siltums product offering
Product offeringCore offering
AS Rīgas Siltums is a municipal district heating utility that produces, transmits, and distributes centralized heat energy to residential and commercial buildings in Riga, Latvia. It operates multiple heating substations (Imanta, Daugavgrīva, Ziepniekkalns, Vecmīlgrāvis, Zasulauks), an extensive underground heating pipeline network, and increasingly uses biomass, solar, and absorption heat pump technologies to supply heat to its customers.
Product overview
AS RĪGAS SILTUMS is a district heating company that provides centralized heat supply to residential and commercial customers in Riga, Latvia. The company operates a comprehensive infrastructure including multiple heating substations (Imanta, Daugavgrīva, Ziepniekkalns, Vecmīlgrāvis, Zasulauks), an extensive district heating pipeline network, and renewable energy installations. The core offering is heat energy production and distribution through centralized systems, complemented by energy efficiency services, building connection programs, and digital tools like the interactive Heat Map. The company has been modernizing its infrastructure with absorption heat pumps for waste heat recovery, biomass boilers, and solar panel installations to reduce reliance on fossil fuels and improve environmental sustainability.
Differentiator
Problem solved
Functional benefit
Products and services
- Centralized Heat Supply (Centralizētā siltumapgāde) Production and supply of heat energy to residential and commercial buildings in Riga through a centralized district heating network. Sold as a metered utility service to building owners and managers.
- Energy Efficiency Solutions (Energoefektivitāte) Energy efficiency consulting and solutions for multi-apartment buildings, including building renovation programs and financing through LIAA or ALTUM programs. Aimed at building owners and residents looking to reduce heating consumption.
- Apartment Energy Optimization Tools, seminars, video presentations, and decision-making frameworks to help multi-apartment building owners reduce heating costs and improve energy-efficient building management.
- Building Connection to Centralized Heat Supply
Quantifiable outcome
- Absorption heat pump at SC Imanta produces 5,400 MWh heat, saves ~5,000 MWh natural gas, reduces 1,000 tCO2 emissions annually
- +2 more outcomes
Companies that use Rīgas Siltums
Customer profileSegments2 records
Ideal customer profiles3 records
Rīgas Siltums technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature1 record
Rīgas Siltums partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights6 records
Rīgas Siltums competitors and assessment
Company assessmentDirect peers
- Vilniaus Šilumos Tinklai: Lithuania's largest district heating utility serving Vilnius, the Baltic counterpart to Rīgas Siltums. Operates a comparable centralized heat production, transmission, and distribution network with biomass and gas-fired heat sources, addressing the same customer base (residential multi-apartment buildings, municipal, commercial).
- Helen Ltd: Helsinki Energy (Helen) operates Finland's largest district heating network, supplying the Helsinki metropolitan area with combined heat and power. Closely comparable as a Northern European capital-city district heating utility pursuing biomass, heat pump, and carbon-neutral heat strategies.
- Stockholm Exergi: Municipally-owned district heating and cooling utility serving Stockholm. Direct operational parallel to Rīgas Siltums — capital-city municipal district heating with biomass transition, CHP, and ambitious decarbonization targets.
Broad incumbents
- Fortum: Nordic-listed utility with major district heating operations in the Baltic region (incl. Estonia) and broader Northern Europe. Comparable as a large-scale, regulated district heat provider transitioning toward biomass and waste-heat recovery, though operating across multiple geographies rather than a single city.
- Eesti Energia: Estonian state-owned integrated energy company operating district heating in Tallinn alongside power generation. Direct geographic and business model parallel as a Baltic capital-city district heat provider with renewable transition ambitions.
- Dalkia (EDF subsidiary): One of Europe's largest district heating and cooling network operators (France-based, EDF group). Directly comparable business model — centralized heat production, transmission, and distribution to urban customers — at much greater scale and across multiple cities.
- Veolia Energy: Veolia's energy division operates district heating and cooling networks across Central and Eastern Europe. Comparable in business model (network-based heat distribution to urban customers) and in the operational transition toward biomass and renewable heat sources.
Regional players
- Latvenergo: Latvian state-owned electricity generation and supply company, the principal energy counterpart within Latvia. While primarily power-focused, it shares the same municipal/state shareholder environment and energy infrastructure footprint relevant to Rīgas Siltums.
- Elering (or AS Eesti Gaas): Baltic-region energy infrastructure operator, including natural gas distribution relevant to Rīgas Siltums's fuel supply and gas-fired heating assets. Adjacent in the energy supply chain that feeds Rīgas Siltums's central plants.
- Salaspils Siltums: Smaller Latvian municipal district heating operator serving the town of Salaspils near Riga. Comparable as a Latvian municipal district heating utility with similar regulatory, fuel-mix, and customer-base characteristics, though at much smaller scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Rīgas Siltums social profiles
Digital presenceRīgas Siltums financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rīgas Siltums leadership team
Management profileNumber of profiles
Profiles1 record
Rīgas Siltums funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rīgas Siltums M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rīgas Siltums
What does Rīgas Siltums do?
AS Rīgas Siltums is a municipal district heating utility that produces, transmits, and distributes centralized heat energy to residential and commercial buildings in Riga, Latvia. It operates multiple heating substations (Imanta, Daugavgrīva, Ziepniekkalns, Vecmīlgrāvis, Zasulauks), an extensive underground heating pipeline network, and increasingly uses biomass, solar, and absorption heat pump technologies to supply heat to its customers.
Is Rīgas Siltums a public or private company?
Rīgas Siltums is a private company. It is classified as state government owned and is currently operating.
When was Rīgas Siltums founded?
Rīgas Siltums was founded in 1995. It employs 501 to 1,000 people.
Where is Rīgas Siltums based?
Rīgas Siltums is headquartered in Riga, Latvia, in the Europe region.
Who are Rīgas Siltums's main competitors?
Direct peers on record are Vilniaus Šilumos Tinklai, Helen Ltd and Stockholm Exergi. Broad incumbents are Fortum, Eesti Energia, Dalkia (EDF subsidiary) and Veolia Energy. Regional players are Latvenergo, Elering (or AS Eesti Gaas) and Salaspils Siltums.
Does Rīgas Siltums have an API?
No public API is recorded for Rīgas Siltums.
What industry is Rīgas Siltums in?
Rīgas Siltums's product category is District Heating Services. Its primary akta.pro industry code is EUAFANAH, District Heating & Cooling Thermal Storage (Network-Integrated TES), with a secondary code of BPABACAG, Chillers, Boilers & Central Plant Operations. Its NAICS code is 221330 and its SIC code is 4900.