Savon Voima
Savon Voima is a municipally owned Finnish regional energy group providing regulated electricity distribution, district heating, and carbon-neutral electricity generation across Eastern Finland, serving 120,000+ network customers and operating 21 district heating networks.
- Company typePrivate
- Founded1947
- HeadquartersToivala, Finland
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Savon Voima does
Savon Voima Oyj is a privately held, municipally owned Finnish energy services company founded in 1947 and headquartered in Toivala, Siilinjärvi. It operates as the regional energy group for Eastern Finland, wholly owned by Savon Energiaholding Oy, which is in turn owned by 20 municipalities with Kuopio as the largest single owner at approximately 18.72%. The company employs 200-215 staff across parent and operating subsidiaries, principally Savon Voima Verkko Oy (regulated electricity distribution) and It\u00e4-Suomen Biomassa Oy (biomass energy).
The company operates a vertically integrated energy platform comprising three core businesses: regulated electricity distribution through a 28,300 km network serving 120,000+ customers across North Savo, South Savo, and parts of Central Finland; district heating production and distribution across 21 networks in 13 municipalities (positioning it as Finland's 8th largest district heating supplier); and carbon-neutral electricity generation from 11 hydroelectric plants plus combined heat and power (CHP) plants at Iisalmi, Pieks\u00e4m\u00e4ki, and Joensuu. The technology stack includes smart grid remote meter reading, a weather-resistant underground cabling program (s\u00e4\u00e4varma s\u00e4hk\u00f6verkko), and a customer-facing digital platform (V\u00e4ppi app, H\u00e4iri\u00f6info outage map, ArcGIS-based work maps).
Savon Voima generates revenue primarily through regulated subscription-style network service fees, district heating sales (including the renewable-certified Kauko Vihre\u00e4 product), and merchant electricity sales. Ancillary revenue streams include outsourced customer and billing services for municipal water utilities (Suonenjoki, Pielavesi), industrial maintenance services, and shared service operations with Kuopion Energia. Disclosed consolidated revenue reached €234M in FY2025. Customer segments span residential households, commercial and industrial enterprises (e.g., Abloy), municipalities, and prosumers with distributed generation.
Savon Voima firmographics
Firmographics- Name
- Savon Voima
- Legal name
- Savon Voima Oyj
- Website
- https://savonvoima.fi
- Company type
- Private
- Founded year
- 1947
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Savon Voima is a municipally owned Finnish regional energy group providing regulated electricity distribution, district heating, and carbon-neutral electricity generation across Eastern Finland, serving 120,000+ network customers and operating 21 district heating networks.
- Ownership category
- akta.pro rank
Savon Voima industry classification
Industry- Product category
- District Heating and Electricity Distribution
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Steam and Air-Conditioning Supply (221330), Electric Power Distribution (221122)
- SIC
- Cogeneration Services & Small Power Producers (4991), Electric Services (4911), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- District Energy & Community CHP (District Heating/Cooling Networks) (EUACAKAH)
- akta.pro secondary industry
- SCADA/DMS/OMS Integration, Upgrades & Managed Services (EUAEANAE)
Keywords
Where Savon Voima is headquartered
LocationHeadquarters
- HQ city
- Toivala
- HQ country
- Finland
- HQ region
- Europe
Offices5 records
Markets served
Savon Voima business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Electricity Transmission Network Services: Electricity distribution services to over 120,000 customers across North Savo, South Savo, and parts of Central Finland. Revenue from network service fees regulated by the Energy Authority.
- District Heating Production and Distribution: Heat production and distribution through 21 district heating networks in 13 municipalities. Includes district heating products like Kauko Vihreä with origin guarantees.
- Electricity Generation: Electricity production from 11 hydroelectric plants and combined heat and power (CHP) production at Iisalmi, Pieksämäki, and Joensuu power plants. Generation is entirely carbon-neutral.
- Water Services: Customer and billing services for water supply utilities, including services for Suonenjoki and Pielavesi municipalities.
- Industrial and Municipal Services: Services for energy, infrastructure, and industrial operators including customer service outsourcing, water utility services, and maintenance services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Network service products changed from seasonal/time-of-use pricing to time-of-use Aikasähkö starting 1/11/2025 |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Savon Voima product offering
Product offeringCore offering
Savon Voima operates a vertically integrated regional energy utility: it distributes electricity to more than 120,000 customers through its subsidiary Savon Voima Verkko Oy, produces and distributes district heating across 21 networks in 13 municipalities, and generates carbon-neutral electricity from 11 hydroelectric plants and combined heat and power (CHP) plants. Adjacent commercial services include municipal water-utility billing, industrial maintenance and customer-service outsourcing, the V채ppi-energiavalmentaja digital energy coach, the H채iri철info outage map, and the Mottinetti firewood marketplace.
Product overview
Savon Voima is a multi-service energy company offering electricity distribution, district heating, electricity generation, water services, and sector-specific solutions primarily in Eastern Finland. The company's digital product portfolio centers on Väppi-energiavalmentaja, a customer-facing energy monitoring and contract management portal available via web browser and mobile app (iOS/Android). Väppi enables customers to track electricity and district heating consumption, manage contracts, receive outage notifications via the Häiriövahti service, and monitor small-scale solar production. Supporting digital tools include Häiriöinfo/Sähkökatkokartta (real-time outage map), Työmaakartat (ArcGIS-based work maps), Mottinetti (firewood marketplace), and Voimapiste (open data interface). The company is currently developing a new consumption tracking app jointly with Kuopion Energia to replace the existing Väppi application. Services are delivered primarily to residential customers, businesses, and industrial operators across 20 municipalities.
Differentiator
Problem solved
Functional benefit
Brands
- Savon Voima Verkko: Electricity distribution network subsidiary
- Väppi
- Mottinetti
- Häiriöinfo
Products and services
- Electricity network distribution services (Savon Voima Verkko) Regulated electricity distribution service sold on monthly network tariffs set by the Finnish Energy Authority. Includes capacity subscriptions, time-of-use Aikasähkö pricing, new electricity connections, and temporary electricity supply for events and construction.
- District heating production and distribution Heat production and distribution across 21 district heating networks in 13 municipalities, supplying residential, commercial, and industrial customers. Includes the Kauko Kunto and Kauko Keskus household heating products and the renewable-origin Kauko Vihreä product line.
- Kauko Vihreä - origin-guaranteed renewable district heating District heating product certified with origin guarantees to confirm renewable energy sources, including waste heat recovery. Used by industrial customers such as Abloy Oy at its Joensuu factory to support sustainability commitments and SBTi targets.
- V채ppi-energiavalmentaja (V채ppi Energy Coach) Web and mobile (iOS/Android) self-service platform for residential and business customers to track electricity and district heating consumption, manage energy contracts, and receive outage notifications. Includes heat-index benchmarking against similar buildings.
- H채iri철info / S채hk철katkokartta real-time electricity outage map Public real-time map of electricity outage locations across Savon Voima's network area, allowing customers to report faults and register for automatic H채iri철vahti SMS or email alerts on medium-voltage network incidents.
- Mottinetti firewood marketplace Online marketplace operated by Savon Voima where third parties can list firewood for sale; customers search by wood type, location, and seller, compare prices, and order with delivery.
- Voimapiste.fi open interface (avoin rajapinta) Open-interface service portal providing access to Savon Voima data and services; referenced on the company's service sites page.
- Työmaakartat (Work Maps) Interactive ArcGIS-based map showing ongoing electricity network construction and modernization projects in Savon Voima's service area, allowing customers to track progress and find contact details.
- Water utility customer and billing services Outsourced customer-service, billing, and meter-management services for municipal water supply utilities; current customers include the municipalities of Suonenjoki and Pielavesi.
- Industrial maintenance and operations services Operations, maintenance, and customer-service outsourcing for industrial and municipal energy and infrastructure operators, delivered by the Savon Voima Toimialaratkaisut unit.
Quantifiable outcome
- District heating emissions reduced by nearly one-third from previous year, to 43 gCO₂/kWh in 2025
- +2 more outcomes
Companies that use Savon Voima
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Savon Voima technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability2 records
Feature4 records
Savon Voima partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor, major and core.
- Lempeä Lämpö OyminorSavon Voima participates in BioCO2-ES research project coordinated by LUT University, which includes a demonstration at Lempeä Lämpö's Joroinen heating plant.
- OX2minorOX2 built and now manages the Lestijärvi wind farm on behalf of Savon Voima and co-owners. OX2 is responsible for technical and financial management of the wind farm.
- Järvi-Suomen Energia, Kymenlaakson Sähköverkko, PKS SähkönsiirtominorJoint 'Linjoja pitkin' podcast series discussing energy sector topics. Also collaborated on research into future electricity grid development for rural areas.
- AdvenminorPartnership with Adven for utilizing industrial waste heat from Yara's Siilinjärvi plant for district heating network.
- FortummajorSavon Voima acquired Fortum's Joensuu district heating and electricity production operations for approximately 530 million EUR in December 2019.
- Kuopion EnergiacoreJoint service center established in 2019 combining customer service, billing, and development resources from both companies. Both companies' customers receive service from a single contact point.
- LUT-yliopisto (Lappeenranta-Lahti University of Technology)minorJoint research cooperation with LUT University on future electricity grid development, customer needs, and distributed energy resources. Part of wider research consortium with other Finnish grid companies.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
Savon Voima competitors and assessment
Company assessmentOthers
- Adven: Nordic energy services provider working with Savon Voima to capture industrial waste heat (Yara Siilinjärvi) for the district heating network. Adjacent rather than directly competitive, but a relevant partner/peer in industrial heat utilization.
Broad incumbents
- Fortum: Nordic listed energy group that sold its Joensuu heat and power assets to Savon Voima for €530M in 2019. Remains the most relevant capital-markets comparable for generation, district heating, and integrated utility operations across the Nordics.
- Helen (Helsinki Energy): Helsinki-based multi-utility operating CHP and district heating at a major scale. Comparable through their CHP and district heating business model, though Helen serves a much larger, predominantly urban customer base.
- Elenia: One of Finland's largest electricity distribution system operators, serving ~432,000 customers across Central and Western Finland. Comparable as a regulated network operator with similar weather-resistant undergrounding programs, though Elenia operates at a much larger scale.
Direct peers
- Järvi-Suomen Energia: Regional Finnish energy company serving Central Finland. Co-produces the 'Linjoja pitkin' podcast with Savon Voima and participates in shared rural grid-development research, making it a strong operational peer in distribution and customer engagement.
- Oulun Energia: Multi-utility operating electricity generation, district heating, and network services in northern Finland. Co-owner of the Lestijärvi wind farm via Kymppivoima, making it a directly comparable partner in wind generation and district heating operations.
- Vantaan Energia: Municipal CHP and district heating operator serving the City of Vantaa region. Closely comparable business model — municipal ownership, CHP generation, regulated district heating — and useful for benchmarking heat mix and emission factors.
- Kuopion Energia: Neighboring Finnish municipal energy utility in the same Eastern Finland region. Operates a joint service center with Savon Voima, was the 2019 proposed merger partner, and is jointly developing a replacement for the Väppi energy app — making it the closest direct comparable in customer base and operating model.
- Kymenlaakson Sähköverkko: Regional distribution system operator in southeastern Finland. Co-produces the 'Linjoja pitkin' podcast with Savon Voima and collaborates on rural grid research, making it a directly comparable regional DSO peer.
Regional players
- PKS Sähkönsiirto: Electricity distribution company operating in the Päijät-Häme region. Comparable for weather-resistant underground cabling programs and DSO operations, though serving a different geography than Savon Voima.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Savon Voima social profiles
Digital presenceSavon Voima compliance and trust
Trust signalCompliance1 record
Savon Voima financial estimates
Financial estimateRevenue estimate
Valuation estimate
Savon Voima leadership team
Management profileNumber of profiles
Profiles5 records
Savon Voima subsidiaries and ownership
Company hierarchySubsidiaries2 records
Savon Voima funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Savon Voima 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 Savon Voima
What does Savon Voima do?
Savon Voima operates a vertically integrated regional energy utility: it distributes electricity to more than 120,000 customers through its subsidiary Savon Voima Verkko Oy, produces and distributes district heating across 21 networks in 13 municipalities, and generates carbon-neutral electricity from 11 hydroelectric plants and combined heat and power (CHP) plants. Adjacent commercial services include municipal water-utility billing, industrial maintenance and customer-service outsourcing, the V채ppi-energiavalmentaja digital energy coach, the H채iri철info outage map, and the Mottinetti firewood marketplace.
Is Savon Voima a public or private company?
Savon Voima is a private company. It is classified as state government owned and is currently operating.
When was Savon Voima founded?
Savon Voima was founded in 1947. It employs 101 to 250 people.
Where is Savon Voima based?
Savon Voima is headquartered in Toivala, Finland, in the Europe region.
How does Savon Voima make money?
Five revenue lines are on record. Electricity Transmission Network Services are the primary driver. The others are district Heating Production and Distribution, electricity Generation, water Services and industrial and Municipal Services.
Who are Savon Voima's main competitors?
Adven is listed as an others. Broad incumbents are Fortum, Helen (Helsinki Energy) and Elenia. Direct peers are Järvi-Suomen Energia, Oulun Energia, Vantaan Energia, Kuopion Energia and Kymenlaakson Sähköverkko. PKS Sähkönsiirto is listed as a regional player.
Does Savon Voima have an API?
No public API is recorded for Savon Voima.
What industry is Savon Voima in?
Savon Voima's product category is District Heating and Electricity Distribution. Its primary akta.pro industry code is EUACAKAH, District Energy & Community CHP (District Heating/Cooling Networks), with a secondary code of EUAEANAE, SCADA/DMS/OMS Integration, Upgrades & Managed Services. Its NAICS code is 2211 and its SIC code is 4991.