Savon Voima

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.

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

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

• Electricity distribution
• District heating
• Hydropower generation
• Combined heat and power
• Energy network services

Headquarters

HQ city

Toivala

HQ country

Finland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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.
3. 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.
4. Water Services: Customer and billing services for water supply utilities, including services for Suonenjoki and Pielavesi municipalities.
5. Industrial and Municipal Services: Services for energy, infrastructure, and industrial operators including customer service outsourcing, water utility services, and maintenance services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core 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

Named customers3 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

Integration2 records

AI capability2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor, major and core.

• Lempeä Lämpö OyminorStrategic or Co-development Partner · 1 January 2026Savon Voima participates in BioCO2-ES research project coordinated by LUT University, which includes a demonstration at Lempeä Lämpö's Joroinen heating plant.
• OX2minorStrategic or Co-development Partner · 1 December 2025OX2 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 SähkönsiirtominorStrategic or Co-development Partner · 1 January 2021Joint 'Linjoja pitkin' podcast series discussing energy sector topics. Also collaborated on research into future electricity grid development for rural areas.
• AdvenminorStrategic or Co-development Partner · 1 January 2020Partnership with Adven for utilizing industrial waste heat from Yara's Siilinjärvi plant for district heating network.
• FortummajorStrategic or Co-development Partner · 1 December 2019Savon Voima acquired Fortum's Joensuu district heating and electricity production operations for approximately 530 million EUR in December 2019.
• Kuopion EnergiacoreStrategic or Co-development Partner · 1 June 2019Joint 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)minorStrategic or Co-development Partner · 1 January 2019Joint 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

Others

• 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

• YouTubeyoutube.com/user/SavonVoimaa
• Facebookfacebook.com/savonvoima
• LinkedInlinkedin.com/company/savonvoima
• Instagraminstagram.com/savonvoima
• Xx.com/savonvoima

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Savon Voima