Fingrid

What Fingrid does

Fingrid Oyj is Finland's designated national transmission system operator (TSO), responsible for the country's high-voltage main grid (kantaverkko). Founded in 1996 and headquartered in Helsinki, Fingrid operates approximately 14,700 km of transmission lines and ~74 substations, and maintains transmission reliability at 99.99995%. The company is majority-owned by the Republic of Finland (~59.5% after Ilmarinen sold its ~20% stake), with shares listed on Nasdaq Helsinki. It serves distribution system operators, renewable energy producers, large industrial electricity consumers, and an emerging data center operator segment, and coordinates cross-border transmission and balancing with Statnett (Norway), Svenska Kraftnät (Sweden), and Estonia via the Aurora Line and Estlink interconnectors.

Fingrid's core technology stack combines physical grid infrastructure with a centralized digital layer: the Datahub consolidates electricity usage point data for the entire Finnish market, and the Open Data platform exposes 249 datasets via a free REST API covering production, consumption, transmission, pricing, and forecasts. Real-time balancing is managed through Nordic reserve markets (aFRR, mFRR, FCR-N, FCR-D, FFR) and Nordic imbalance settlement via eSett. Digital customer-facing assets include the Oma Fingrid portal and the Fingrid Partner Apps for field operations, operated alongside wholly-owned subsidiaries Finextra Oy (guarantees of origin) and Fingrid Datahub Oy (data exchange).

The business model is built on regulated transmission tariffs, balance service fees, imbalance power pricing, and grid connection charges, all subject to oversight by the Finnish Energy Authority. An 8% grid service fee increase was announced for 2026 to cover rising costs and fund a €5.2 billion investment programme through 2035. FY2025 revenue was €1,118.5 million (down 11.9% on lower imbalance power prices) and net profit €179.0 million (up 20%); Q1 2026 revenue rose 19.7% to €443.8 million on record electricity consumption. The approved 2025 dividend distribution is €137.9 million. Fitch downgraded Fingrid's credit rating from A+ to A during the period.

Name

Fingrid

Legal name

Fingrid Oyj

Website

http://www.fingrid.fi

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

Fingrid Oyj is Finland's designated national transmission system operator (TSO), operating 14,700 km of high-voltage grid and ~74 substations. It transmits electricity for distribution system operators, renewable energy producers, industrial consumers, and data center operators, and manages cross-border interconnectors and balancing energy markets.

Ownership category

akta.pro rank

Product category

Electricity Transmission System Operation

NAICS

Electric Bulk Power Transmission and Control (221121), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

National & Regional TSOs (ISO/RTO/Grid Operators) (EUADAAAA)

akta.pro secondary industries

System Operations & Control Centers (EMS/SCADA for Transmission) (EUADAAAG), SCADA/DMS/OMS Integration, Upgrades & Managed Services (EUAEANAE), DERMS & Microgrid Control Software (EMS/SCADA/DERMS) (EUAMAJAG), DER & Microgrid Interconnection / Grid Edge Integration Services (EUAEANAF), Interconnection Hardware & Substation Integration (Transformers, Switchgear, Breakers, Metering) (EUAMAIAK)

Keywords

• Electricity transmission services
• Grid balancing operations
• Power system operation
• Transmission grid infrastructure
• Energy data platforms

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Electricity Transmission Fees: Revenue from transmission fees charged to electricity producers, distribution system operators, and large industrial consumers for use of the national high-voltage grid. Tariffs are regulated by the Energy Authority and include grid service fees, with an 8% fee increase announced for 2026.
2. Balance Service Fees: Revenue from balancing energy markets where Fingrid orders up- or down-regulation (mFRR, aFRR, FCR-N, FCR-D, FFR) to balance electricity production and consumption in real time.
3. Imbalance Power Prices: Revenue from imbalance power pricing mechanisms, though lower imbalance power prices in 2025 led to an 11.9% decline in turnover to €1,118.5 million.
4. Grid Connection Charges: Revenue from connection fees for new industrial-scale consumers, renewable energy producers, and electricity storage projects connecting to the main grid. Fingrid has restricted new connections in Southern Finland due to overwhelming demand.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Fingrid operates Finland's national high-voltage transmission grid (main grid / kantaverkko) and provides electricity transmission services, system balancing through reserve markets, and cross-border interconnector coordination. The company also operates the Datahub centralized electricity market information exchange system and offers digital services including the Fingrid Open Data platform, Oma Fingrid customer extranet, and partner applications for market participants.

Product overview

Fingrid is Finland's national transmission system operator (TSO) providing electricity transmission services and managing the backbone high-voltage grid. The company's digital product portfolio centers on the Fingrid Open Data platform for public electricity market data, the Datahub centralized information exchange system, and the Oma Fingrid customer portal for managing accounts, agreements, and invoices. Additional services include the Fingrid Partner Apps for field operations, balancing power and reserves trading platforms, and work safety notification systems. Subsidiaries include Finextra Oy and Fingrid Datahub Oy, which support guarantees of origin registration and centralized data exchange operations respectively.

Differentiator

Problem solved

Functional benefit

Products and services

• Main Grid Electricity Transmission High-voltage electricity transmission service over Fingrid's national grid (~14,700 km of lines, ~74 substations) for electricity producers, distribution system operators, and large industrial consumers in Finland.
• Balancing and Reserve Market Services Procurement and activation of frequency containment reserves (FCR), automatic frequency restoration reserves (aFRR), and manual frequency restoration reserves (mFRR) to maintain the power system balance, offered to balance responsible parties and reserve providers.
• Cross-Border Transmission Services Cross-border electricity transmission and interconnector capacity allocation services connecting Finland to the Nordic and European electricity markets, including explicit and implicit capacity auctions.
• Datahub Centralized electricity market information exchange system that consolidates metering and customer data for the Finnish electricity retail market, used by electricity suppliers, distribution system operators, and other market participants.
• Fingrid Open Data Open data service providing free public access to Fingrid's electricity market data, grid operational data, and production/consumption data via REST APIs, intended for application developers, researchers, and the general public.
• Oma Fingrid Online extranet portal providing Fingrid's customers and contracted market participants with personalized services, contract information, and operational tools.
• Fingrid Partner Apps Partner application service providing integrated applications and tools for Fingrid's contracted market participants to support their electricity market operations.

Quantifiable outcome

• Record transmission reliability rate of 99.99995% in 2025
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core.

• RejlerscoreImplementation/ SI/ Consulting Partner · 15 December 2025Rejlers and Fingrid renewed their partnership with a new four-year agreement for energy metering and data services, starting early 2026 with an option to extend. The collaboration supports Finland's energy transition by ensuring a stable and efficient electricity grid through high-quality data collection.
• CaverioncoreImplementation/ SI/ Consulting Partner · 27 November 2025Caverion and Fingrid signed a €15 million agreement for the renewal of the Ivalo substation in Finnish Lapland. Construction is scheduled from spring 2026 to summer 2028, with Caverion delivering the new substation and equipment renewal to improve electrical capacity and reliability.
• CaverioncoreImplementation/ SI/ Consulting Partner · 11 November 2025Caverion was awarded a €21 million contract by Fingrid for constructing two 400/110 kV power lines in Western Finland, starting in October 2025 and expected to complete in 2027. The project is part of a larger infrastructure effort to enhance transmission capacity and support Finland's renewable energy and climate goals.
• DigiacoreTechnology or Integration · 17 June 2025Software and IT services company Digia serves as data partner to Fingrid, providing data platform development and maintenance services under a contract valued at €2.1 million. The partnership also includes reforming integration services and advancing artificial intelligence capabilities for Fingrid.
• StatnettcoreTechnology or IntegrationNorway's transmission system operator (TSO) that maintains a map showing the state of the Nordic power system in the Baltic Sea area. Fingrid participates in cross-border transmission coordination, balancing markets (aFRR, mFRR), and the Aurora Line interconnector project between Finland and Sweden.
• Svenska KraftnätcoreTechnology or IntegrationSweden's transmission system operator (TSO). Fingrid and Svenska Kraftnät coordinate cross-border transmission through the Aurora Line (completed November 2025) and other interconnectors, as well as Nordic balancing energy markets (mFRR cross-border flows).
• eSettcoreTechnology or IntegrationNordic imbalance settlement operator managing balance settlement between balance responsible parties across the Nordic countries. Fingrid participates in eSett's settlement mechanisms, publishing Value of Avoided Activation (VoAA) and Incentivising Component (IC) data for Nordic bidding zones.
• Finextra OycoreOthersFingrid's subsidiary responsible for administering guarantees of origin for electricity production, and operating the Fingrid Partner Apps and other technology services.
• Fingrid Datahub OycoreOthersFingrid's subsidiary managing the Datahub centralized electricity information exchange system that consolidates electricity usage point data for Finland's electricity market.

Scale indicators18 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Statnett: Norway's national transmission system operator (TSO), directly comparable to Fingrid as a Nordic TSO operating cross-border interconnectors and Nordic balancing energy markets (aFRR, mFRR, FCR). Both coordinate on Aurora Line-adjacent infrastructure and shared Nordic supply adequacy.
• Svenska Kraftnät: Sweden's national TSO and Fingrid's Aurora Line counterpart. Both operate Nordic balancing markets, cross-border interconnectors, and similar regulated monopoly structures under Nordic regulatory frameworks.
• Energinet: Denmark's national TSO for electricity and gas, directly comparable to Fingrid as a Nordic TSO participating in cross-border balancing markets and operating a regulated national grid with significant offshore wind integration.
• Elering: Estonia's national TSO and Fingrid's partner on Estlink interconnectors. Comparable as a small European TSO operating cross-border connections, balancing markets, and a state-owned regulated grid business.
• 50Hertz: German TSO operating in northern/eastern Germany, comparable as a European regulated TSO with significant offshore wind integration and cross-border balancing market participation. Owned by Elia Group.

Broad incumbents

• TenneT: Dutch-German TSO operating one of Europe's largest high-voltage transmission grids. Comparable as a European regulated TSO managing cross-border interconnectors, offshore wind connections, and balancing markets at significantly larger scale than Fingrid.
• National Grid (Electricity Transmission): UK-based regulated electricity and gas transmission operator with similar TSO business model (regulated RIIO framework, monopoly wires business). Significantly larger scale and broader portfolio than Fingrid.
• REE (Red Eléctrica de España): Spanish TSO operating the national high-voltage grid, comparable as a European regulated electricity TSO with monopoly positioning and renewable integration mandate. Broader Iberian focus versus Fingrid's Nordic scope.
• RTE (Réseau de Transport d'Électricité): French national TSO and one of Europe's largest grid operators, comparable as a regulated TSO operating high-voltage transmission, balancing markets, and cross-border interconnectors. Significantly larger scale and broader geographic footprint than Fingrid.

Regional players

• Litgrid: Lithuania's national TSO, comparable as a small Baltic/Nordic neighboring TSO operating cross-border interconnectors (LitPol Link, NordBalt) and synchronous grid integration with similar regulatory structures, though serving a different national market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fingrid_oyj
• Facebookfacebook.com/fingridfi
• LinkedInlinkedin.com/company/fingrid-oyj

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Fingrid