What Aurora Infrastructure does

Aurora Infrastructure is a Finnish private company founded in 2013 that finances, builds, owns, operates, and maintains large-scale industrial electrical distribution networks across the Nordics. The company serves heavy industrial customers—including petrochemical (Neste, Borealis), stainless steel and ferrochrome (Outokumpu), telecommunications R&D (Nokia), mining and battery chemicals (Terrafame), and emerging green-industry players (Norsk e-Fuel, Blastr Green Steel)—by acquiring or developing their high and medium voltage power infrastructure and delivering it back as a long-term "Power as a Service" contract. Aurora's owned footprint spans four core industrial sites in Finland (Tornio, Kilpilahti, Oulu, Sotkamo) operating more than 100 substations, distributing approximately 5 TWh annually, and accounting for 13–15% of Finland's industrial electricity consumption, with network availability above 99.999% and a 100% guarantee for Nokia's Oulu campus.

Its core technology stack is physical infrastructure: high and medium voltage grids, transformer substations, switchgear, backup power systems, and flexibility assets (battery storage, demand response) that participate in Fingrid's reserve and ancillary markets. Aurora layers this hardware with three value-added service modules—Expert Services, Project Development & Execution, and full Operations & Maintenance—and a Flexibility-as-a-Service offering that turns customer sites into revenue-generating flexibility assets. The business model is asset-heavy and capital-intensive: Aurora monetizes existing customer assets through buy-and-lease-back, finances greenfield electrification projects, and earns recurring long-term income from O&M and flexibility trading. Capital is provided through €500M+ of cumulative grid investments to date, €200M of debt financing secured in July 2024, and equity backing from majority owner Equitix (€15B+ AUM sustainable infrastructure investor) alongside Access Capital Partners and Daiwa. Aurora employs 11–50 staff, operating leanly through dedicated site managers and outsourced specialist partnerships.

The company goes to market exclusively through direct enterprise field sales led by its CEO and CCO, targeting CEOs, CFOs, and COOs of Nordic industrial majors. It is currently establishing operations in Sweden, with other Nordic countries to follow, and is positioning aggressively around green-transition verticals—green steel, e-SAF, hydrogen, data centers, and battery chemicals—that require very large, highly reliable electrified power bases. Recent strategic moves include acquiring Terrafame's Sotkamo grid (May 2026), joining Blastr Green Steel's financing round (Feb 2025), completing Nokia's Oulu campus electrification (Oct 2025), and signing an MoU with Norsk e-Fuel for Project Rauma.

Name

Aurora Infrastructure

Legal name

Aurora Infrastructure Oy

Website

https://aurorainfrastructure.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Aurora Infrastructure finances, builds, owns, operates and maintains large-scale industrial electrical distribution networks across the Nordics, serving heavy industrial customers such as Neste, Outokumpu, Nokia, and Terrafame with long-term Power-as-a-Service contracts.

Ownership category

akta.pro rank

Product category

Industrial Electrical Infrastructure Services

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Services-Engineering Services (8711)

akta.pro primary industry

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)

akta.pro secondary industry

Pole, Tower & Structure Installation / Replacement (Distribution) (EUAEACAE)

Keywords

• Industrial electrification
• Power distribution infrastructure
• Electrical grid operations
• Energy asset leasing
• Flexibility market services

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Monetization / Buy and Lease Back: Aurora acquires existing energy infrastructure assets from industrial companies and makes them available to customers on long-term lease agreements. This frees up capital for customers while Aurora retains ownership and operational responsibility.
2. Project Financing: Aurora provides financing for capital-intensive industrial electrification projects. The company has secured €200m in new financing from financial institutions to support green transition investments.
3. Operations & Maintenance Services: Full O&M responsibility for customers' current and/or future electrical infrastructure. Services include routine maintenance, periodic inspections, 24/7 fault response, and network modernization.
4. Flexibility Trading: Aurora trades flexibility assets on reserve and ancillary markets (such as Fingrid flexibility markets), generating additional income for customers and supporting the wider regional electricity system.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Aurora Infrastructure finances, owns, operates, and maintains large-scale electrical infrastructure for industrial customers across the Nordics. The company offers a build-own-operate model enabling industrial firms to free up capital tied to electrical assets while ensuring reliable, high-availability power distribution. Aurora also delivers optional services including expert services, project development and execution, full operations and maintenance responsibility, and flexibility-as-a-service offerings traded on energy markets.

Product overview

Aurora Infrastructure offers a unified platform for industrial electrical infrastructure with multiple integrated service modules. The core offering combines financing, building, owning, operating and maintaining electrical infrastructures, supported by specialized services including Expert Services for specialized expertise, Project Development & Execution for turnkey delivery, Operations & Maintenance (O&M) for ongoing support, and Flexibility as a Service for energy flexibility. Services are segmented for existing sites (asset monetization and lease-back) and new greenfield projects (project financing and development). The portfolio spans high voltage grid connections, substations, medium voltage distribution, transformers, switchgear, back-up power systems, and flexibility assets traded on energy markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Electrical Infrastructure Financing, Ownership & Operations
• For Existing Sites - Asset Monetization & Lease-Back
• For New Sites - Greenfield Project Financing
• Power and Backup Infrastructure as a Service

Quantifiable outcome

• Over 99.999% network availability maintained for existing customers
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• TerrafamecoreStrategic or Co-development Partner · 1 May 2026Strategic partnership where Aurora acquires Terrafame's high and medium voltage electrical grid assets at Sotkamo industrial site in a buy and lease-back deal. The partnership supports Aurora's objective to double its assets under management and frees up capital for Terrafame's strategic growth investments.
• Norsk e-FuelcoreStrategic or Co-development Partner · 1 March 2026Aurora Infrastructure signed an MoU with Norsk e-Fuel to cooperate on the development of Norsk e-Fuel's Project Rauma in Finland. Aurora will collaborate on energy infrastructure for e-SAF (sustainable aviation fuel) production facilities.
• Blastr Green SteelcoreStrategic or Co-development Partner · 4 February 2025Aurora joined Blastr Green Steel's second round of partnership financing as a new investor. Aurora also signed an MoU with Blastr to collaborate on construction, operation, and maintenance of electricity solutions for Blastr's planned steel plant in Inkoo, Finland. The plant will have 6 million tons annual pelletizing capacity.
• FortumminorStrategic or Co-development PartnerFortum has published insights on the Nordic energy market that Aurora references in its thought leadership. Fortum's Simon Erik Ollus has spoken at Aurora events, discussing increased electrification and competitiveness.
• Polar EnergyminorStrategic or Co-development PartnerPer Langer, CEO of Polar Energy and former Fortum executive, collaborates with Aurora on strategic dialogue about energy transition. He challenges stakeholders to act on competitiveness and local flexibility solutions.
• AFRYminorStrategic or Co-development PartnerAFRY's Nicolas Oksanen has presented at Aurora events on topics including 'fossil detoxing' and the drivers of policy, finance, and innovation in the green transition.

Scale indicators9 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Ellevio: Ellevio is a Swedish electricity distribution network operator running a similar build-own-operate model under long-term regulatory frameworks, owned by infrastructure investors including AP3, Folksam, and AMF. Highly comparable to Aurora as a privately-held, investor-financed Nordic distribution grid operator serving mixed industrial and commercial loads.
• UK Power Networks: UK Power Networks is one of the UK's largest electricity distribution network operators, privately held by infrastructure investors (CK Hutchison, CIIF, ADIA, GIC). Closest international analogue to Aurora's BOO/regulated-asset distribution business model, demonstrating the same capital-intensive, infrastructure-investor-owned distribution thesis.
• Caruna: Caruna is Finland's largest electricity distribution system operator, privately owned by infrastructure investors (Kymenlaakson Sähkö, SPP Liv, Elo Mutual, Aureaback). Direct Finnish peer operating regulated distribution networks — though more residential/SMB load-mix versus Aurora's industrial focus.
• Elenia: Elenia is a Finnish electricity distribution system operator owned by infrastructure investors, serving ~440,000 customers primarily in central and northern Finland. Direct peer in BOO electricity distribution with the same Finnish regulatory backdrop and infrastructure investor sponsorship model as Aurora.

Others

• Hitachi Energy: Hitachi Energy (formerly Hitachi ABB Power Grids) supplies the high-voltage transformers, switchgear, and substation equipment that Aurora specifies across its Finnish industrial sites. Direct equipment supplier and adjacent ecosystem participant in industrial-scale electrification infrastructure.
• Equitix: Equitix is Aurora Infrastructure's majority owner — a UK-based infrastructure investor, developer, and fund manager with >€15B AUM focused on sustainable infrastructure. Directly comparable as a sponsor/backer of similar BOO infrastructure platforms across Europe.

Broad incumbents

• Vattenfall Eldistribution: Vattenfall Eldistribution is the Swedish distribution network arm of state-owned Vattenfall, one of Europe's largest utilities. Comparable distribution network operations across the Nordics, but operates as part of a vertically integrated, broad-portfolio utility rather than an industrial-focused specialist.
• E.ON Energy Networks: E.ON operates electricity distribution networks across multiple European countries (Germany, Sweden via E.ON Energidistribution) including industrial-grade grid solutions. Broader utility with extensive distribution portfolio that overlaps with Aurora's niche industrial electrification offering.
• Iberdrola Networks: Iberdrola is a global renewable-energy-led utility that owns and operates distribution networks across Spain, UK (Scottish Power), Brazil, and the US. Relevant as a large-scale, infrastructure-investor-aligned operator of industrial-relevant distribution assets and a potential cross-border benchmarking peer.
• Fortum: Fortum is a Nordic-headquartered energy utility with generation, distribution, and industrial customer solutions, including power supply to heavy industry in Finland. Aurora lists Fortum's leadership in its thought leadership — directly comparable in Nordic industrial energy but as part of a broader vertically integrated utility.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aurora-infrastructure-oy

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aurora Infrastructure