What Napapiirin Energia ja Vesi Oy does

Napapiirin Energia ja Vesi Oy, operating under the brand Neve, is a municipally-owned integrated utility company headquartered in Rovaniemi, Finnish Lapland. Neve provides electricity distribution via subsidiaries Rovaniemen Verkko Oy and Enontekiön Sähkö Oy; district heating produced primarily at the Suosiola combined heat and power (CHP) plant using biomass and renewable fuels; water supply and wastewater treatment via Napapiirin Vesi Oy; and fiber optic telecommunications via Napapiirin Kuituverkot Oy. Its physical infrastructure comprises an 1,800 km water distribution network, 12 wastewater treatment plants (4 with environmental permits plus 8 under self-monitoring), district heating networks, and a fiber optic footprint spanning approximately 10 Lapland municipalities. The Neve group is wholly owned by the City of Rovaniemi (Rovaniemen kaupunki) and includes jointly-controlled and minority interests such as a 30% stake in Tuulipolar Oy (regional wind/storage development), an associated position in Aurora Lämpö Oy (district heating in surrounding municipalities), and a 20% minority partner (Koillis-Lapin Sähkö Oy) in the fiber subsidiary.

Revenue is generated through regulated network tariffs for electricity distribution, recurring subscription-style contracts for district heating and water supply, monthly service fees for fiber optic broadband, television (Neve TV), and add-on services (F-Secure security, business broadband), and merchant sales of counter-pressure electricity to the Nord Pool exchange. Pricing is publicly disclosed per service line on company websites; paper invoicing carries a €3.90 surcharge per invoice from January 2023 to incentivize digital channels via the Assari portal. Customer mix is dominated by long-tail residential and small commercial connections (~30,000 electricity consumption locations in Rovaniemi Verkko, ~16,000 water locations), with selective enterprise references including Supercell (game development), Santa Claus Village tourism, and local housing companies. FY2024 reported revenue was €85.5 million (up €1.1 million year-on-year), with operating profit of €12.7 million, net profit of €4 million, and a 130-employee headcount (124 permanent). The renewable fuel share reached 77.4% (up from 74.9%) and CO2 emissions declined 12.5% to 54,086 tonnes in 2024.

Strategic priorities are anchored in carbon neutrality by 2030, capacity expansion via a 60 MW electric boiler at Suosiola (operational Q2 2025), heat recovery from the Alakorkalo wastewater treatment facility (summer 2025), continued fiber rollout across Lapland, and a renewable energy platform through Tuulipolar Oy. Management depth spans dedicated business-unit directors for electricity/district heating, water, fiber, digital/customer, production, HR, finance, and sustainability, reporting to CEO Kristian Gullsten. Certifications include ISO 9001, ISO 14001, and ISO 45001 (SGS, 2024–2027), FIBS Pro membership, and participation in the Finnish Ministry of Employment and the Economy voluntary 2017–2025 energy efficiency agreement programme (cumulative 14,600 MWh savings achieved).

Name

Napapiirin Energia ja Vesi Oy

Legal name

Neve Oy

Website

https://neve.fi

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Napapiirin Energia ja Vesi Oy (Neve) is a municipally-owned integrated utility company in Finnish Lapland providing electricity distribution, district heating, water, wastewater, and fiber optic services to residential, commercial, and municipal customers across Rovaniemi and surrounding municipalities.

Ownership category

akta.pro rank

Headquarters

HQ city

Rovaniemi

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Transmission and Distribution: Electricity grid operation through Rovaniemen Verkko Oy and Enontekiön Sähkö Oy. Revenue from network charges based on electricity volume transferred. Approximately 320 GWh electricity transferred in 2024 (Rovaniemi) and 29.2 GWh (Enontekiö).
2. District Heating: Production and distribution of district heating through centralized network. Primary production from Suosiola CHP plant using biomass. Revenue from heating sales to residential, commercial, and industrial customers.
3. Water Services: Water supply and wastewater treatment through Napapiirin Vesi Oy. Revenue from water sales (3.3 million cubic meters in 2024) and wastewater charges. Operates 12 wastewater treatment plants.
4. Fiber Optic Services: Fiber optic network operation through Napapiirin Kuituverkot Oy. Revenue from connection fees and monthly service charges for broadband, TV, and related services. Customer base grew by approximately 1,500 new customers in 2024.
5. Energy Production (CHP): Combined heat and power production sold to Nordic power exchange (Nord Pool). Counterpressure electricity from CHP plant. Volume affected by market prices; 81 GWh produced in 2024.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Napapiirin Energia ja Vesi Oy (Neve) is a municipal utility company that provides electricity distribution, district heating, water supply, wastewater treatment, and fiber optic broadband services to customers in the Rovaniemi region of Finnish Lapland. The company serves approximately 30,000 electricity network locations, 16,151 water locations, and over 35,000 portal users, serving both residential households and commercial customers including Supercell and Santa Claus Village.

Product overview

Neve (Napapiirin Energia ja Vesi Oy) is a multi-service utility company providing electricity distribution, district heating, water supply, wastewater services, and fiber optic connectivity across Lapland. The company operates through its core infrastructure services (electricity, heating, water, fiber) alongside a digital customer platform called Assari. Additional services include TV entertainment (Neve TV), security software (F-Secure), and broadband internet products. The company serves both residential and business customers across Rovaniemi, Enontekiö, and surrounding areas through various subsidiary and affiliated companies.

Differentiator

Problem solved

Functional benefit

Brands

• Assari: Electronic customer service portal for managing energy and water consumption information, viewing bills for electricity, water, district heating, and fiber optic services.
• Uusiutuva Lähilämpö
• Neve TV
• Nollakerho

Products and services

• Electricity Distribution (Sähkönjakelu) Electricity network distribution service delivering electricity to homes and businesses across the Rovaniemi region of Finnish Lapland, serving approximately 30,000 locations.
• District Heating (Kaukolämpö) District heating service providing centrally produced heat delivered to residential buildings, commercial properties, and industrial facilities in Rovaniemi.
• Water Supply and Wastewater Services (Vesihuolto) Potable water supply and wastewater management service for households, businesses, and industrial customers in the Rovaniemi area, serving approximately 16,151 water locations.
• Home Broadband (Kodin laajakaista) Fiber optic broadband internet service for residential households, delivered through the company's own fiber optic network.
• Business Internet (Yritysnetti) Dedicated fiber internet service for businesses, providing high-speed connectivity and local customer service for commercial customers in the Rovaniemi region.
• Business Fiber Connection (Yrityksen valokuituliittymä) Fiber optic connection installation and service for business premises, providing high-capacity dedicated connectivity to commercial customers.
• Business Electricity Subscription (Yrityssähkö) Electricity supply contract offering for business customers, providing tailored electricity pricing and service agreements for commercial energy users.
• Home Electricity (Kodin sähkö)

Quantifiable outcome

• CO2 emissions reduced by 12.5% to 54,086 tonnes in 2024, with renewable fuel share reaching 77.4%
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Tuulipolar OycoreStrategic or Co-development Partner · 1 January 2022Joint venture with other Lapland energy companies (Tornionlaakson Sähkö, Ounastuotanto, Itä-Lapin Energia, Muonion Sähköosuuskunta) for renewable energy project development and investment. Neve holds 30% stake. Developing wind power and energy storage projects in Northern Finland, including 24 MWp solar + 36 MW/70 MWh battery storage hybrid plant in Kalkkimaa, Tornio (completion 2028).
• Koillis-Lapin Sähkö OycoreStrategic or Co-development Partner · 1 January 2022Municipal-owned electricity distribution company that became 20% minority owner in Napapiirin Kuituverkot Oy (fiber optic subsidiary). Partnership accelerates fiber network expansion in Northeast Lapland through synergy with electricity network construction.
• Aurora Lämpö OycoreStrategic or Co-development PartnerAssociated company (osakkuusyhtiö) providing district heating services in multiple Lapland municipalities including Rovaniemi, Savukoski, Pyhätunturi, Pelkosenniemi, Ylläsjärvi, and Kolari. Shares management and operational synergies with Neve group.
• Ellappi OyminorImplementation/ SI/ Consulting PartnerService provider for construction, maintenance, and emergency services for electricity networks. Won competitive tender for annual contract work in Rovaniemen Verkko Oy and Enontekiön Sähkö Oy networks from 2024.
• Rovaniemen kaupunki (Rovaniemi City)coreStrategic or Co-development PartnerParent organization and majority owner through Rovaniemi city group. Neve Oy is part of Rovaniemi city group. City provides some shared services and strategic direction.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Helen Oy: Helen is the City of Helsinki-owned multi-utility providing electricity, district heating, cooling, and broadband. Directly comparable as a municipally-owned integrated Finnish utility with CHP generation, district heating networks, and digital customer services.
• Lahti Energia: Lahti Energia is a Finnish municipal energy company providing electricity and district heating services. Comparable municipal-utility business model with district heating networks and renewable energy investments.
• Oulun Energia: Oulun Energia is a municipally-owned multi-utility in Oulu, Finland providing electricity distribution, district heating, and energy services. Highly comparable geographic and operational profile to Neve in northern Finland.
• Turku Energia: Turku Energia is a municipal energy company producing and distributing electricity and district heating. Comparable as a Finnish municipal utility with CHP generation and district heating networks serving residential and commercial customers.
• Kuopion Energia: Kuopion Energia is a City of Kuopio-owned energy utility providing electricity distribution and district heating. Comparable Finnish municipal utility with regulated grid operations and district heating.
• Vantaan Energia: Vantaan Energia is a municipally-owned energy company serving the City of Vantaa with electricity and district heating. Comparable integrated municipal utility focused on CHP generation and district heating distribution.
• Tampereen Sähkölaitos: Tampereen Sähkölaitos is a City of Tampere-owned energy group providing electricity, district heating, and related services. Comparable municipal-owned integrated utility structure with CHP-based district heating operations.
• KSS Verkko Oy: KSS Verkko is part of KSS Energia group, a Finnish regional energy company with electricity distribution and district heating. Comparable Finnish regional utility with similar regulated network and heating operations.

Broad incumbents

• Fortum Oyj: Fortum is a large Nordic energy company with electricity generation, distribution, and district heating across Finland, Sweden, and the Baltics. Comparable as a Finnish energy operator at much larger scale with overlapping CHP and district heating portfolio.

Regional players

• Kemijoki Oy: Kemijoki Oy is Finland's largest hydropower producer, operating plants along the Kemijoki river system in Lapland. Comparable as a regional energy operator in the same Lapland geography with renewable generation focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NeveOy
• LinkedInlinkedin.com/company/napapiirin-energia-ja-vesi-oy
• Instagraminstagram.com/neveoy
• Xx.com/neveoy

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries7 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 Napapiirin Energia ja Vesi Oy