EPV Energy

What EPV Energy does

EPV Energia Oy is a privately held Finnish energy group founded in 1950 and headquartered in Vaasa, producing and procuring electricity and heat for domestic energy companies across Finland. The company operates an integrated multi-source generation portfolio spanning nuclear, hydropower, wind, solar, and combined heat and power (CHP), with FY2025 total production of 4,053 GWh and 97.9% carbon-neutral electricity output. Beyond generation, EPV is Finland's largest high-voltage (110 kV) distribution network operator through EPV Alueverkko Oy, transmitting electricity from Fingrid's national grid and power plants to distribution network companies across Ostrobothnia, Southern Ostrobothnia, Kokkola, and Tornio. The group also includes EPV Teollisuusverkot Oy (a 90/10 JV with Outokumpu providing dedicated 400/110 kV transmission to the Tornio Röytä steel facility) and EPV Siirtoverkko Oy (building transmission infrastructure for the planned GigaVaasa industrial zone).

The business model is B2B sales-led, with revenue derived from electricity production and procurement, transmission services to distribution network operators and industrial customers, district heat distribution via CHP and heat pump systems, and balancing power services (gas motor plants, battery storage). FY2025 disclosed turnover was €391 million against a €1,592 million balance sheet, with €74 million of investments, indicating a capital-intensive utility with regulated, recurring revenue streams. The company is pursuing an aggressive decarbonization and modernization pipeline, including a 1,600 MWh CO2 battery storage facility in Laihia, a solar mega-project in South Ostrobothnia, offshore wind, hydrogen/power-to-X-to-power solutions, and a second gas engine balancing plant in Lappeenranta, all aligned with a stated 2030 carbon neutrality target. EPV sells directly to enterprise customers through long-term relationships with regional energy utilities and large industrial end users, with no disclosed public pricing and minimal use of digital or consumer-facing marketing channels.

Name

EPV Energy

Legal name

EPV Energia Oy

Website

https://epv.fi

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

101–250 employees

Short description

EPV Energia Oy is a privately held Finnish energy group producing and transmitting electricity and heat from nuclear, hydro, wind, solar, and CHP sources to regional energy utilities and large industrial customers, operating Finland's largest 110 kV distribution network under a 2030 carbon neutrality target.

Ownership category

akta.pro rank

Product category

Energy Production and Transmission

NAICS

Electric Power Generation, Transmission and Distribution (2211), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

akta.pro secondary industry

Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC)

Keywords

• Electricity production
• Electricity transmission
• Combined heat and power
• Renewable energy generation
• High-voltage grid operations

Headquarters

HQ city

Vaasa

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Production and Acquisition: EPV Energia produces and acquires electricity from various sources including nuclear, hydro, wind, and solar power, as well as combined heat and power generation. Production volume reached 4,053 GWh in 2025.
2. Electricity Transmission: EPV Alueverkko Oy transmits electricity from Fingrid's national grid and power plants to distribution network companies in Ostrobothnia, Southern Ostrobothnia, Kokkola, and Tornio areas. EPV Teollisuusverkot Oy provides transmission to industrial customers including Outokumpu's Tornio facility.
3. Heat Production and Distribution: Combined heat and power production with heat distribution through district heating networks, including the new heat pump installation at Seinäjoki that produces 8-9% of the city's district heating needs.
4. Balancing Power Services: Flexible power solutions including gas motor power plants and battery storage to support grid stability and supply security, part of EPV's balancing power program.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

EPV Energia Oy produces and acquires electricity and heat for domestic energy companies in Finland, operating an integrated portfolio that spans nuclear, hydropower, wind, solar, and combined heat and power (CHP) generation. The company also transmits electricity from Fingrid's national grid to distribution network companies and large industrial end-users through its subsidiaries EPV Alueverkko Oy (Finland's largest 110 kV distribution network) and EPV Teollisuusverkot Oy. EPV pursues carbon neutrality by 2030, achieving 97.9% carbon-neutral electricity production in 2025.

Product overview

EPV Energia is a leading provider of emissions-free energy production in Finland, operating as an integrated energy company with a diverse portfolio of power generation and transmission services. The company's core offerings include nuclear power, hydropower, wind power, solar power, and combined heat and power (CHP) production. Electricity transmission is delivered through subsidiaries EPV Alueverkko Oy (Finland's largest 110 kV distribution network), EPV Teollisuusverkot Oy (industrial networks), and EPV Siirtoverkko Oy (new infrastructure for GigaVaasa). The company is pursuing an ambitious project portfolio including a 1600 MWh CO2 battery energy storage in Laihia, a mega solar project in South Ostrobothnia, wind power projects, hydrogen/power-to-X solutions, offshore wind, and balancing power solutions. With a carbon neutrality target of 2030 and 97.9% carbon-neutral electricity production, EPV serves regional energy companies and industrial customers across Finland.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Transmission (Sähkönsiirto) Electricity transmission service delivering power from Fingrid's national grid and power plants to distribution network companies across Ostrobothnia, South Ostrobothnia, Kokkola, and Tornio. Operated through subsidiary EPV Alueverkko Oy, Finland's largest 110 kV high-voltage distribution network.
• Nuclear Power Generation (Ydinvoima) Nuclear power generation included as part of EPV's diversified, emission-free electricity production portfolio for domestic energy companies.
• Hydropower Generation (Vesivoima) Hydropower generation providing emission-free electricity as part of EPV's diversified energy production mix.
• Wind Power Generation (Tuulivoima) Wind power generation; EPV Energia is one of the leading operators in industrial-scale wind power production in Finland, with six wind farms currently in operation.
• Solar Power Generation (Aurinkovoima) Solar power generation including a large-scale solar power project under development in South Ostrebothnia (Etelä-Pohjanmaa).
• Combined Heat and Power (CHP) Generation Combined heat and power (CHP) generation that produces electricity and heat simultaneously, with heat supplied via district heating networks (e.g., the new heat pump installation at Seinäjoki producing 8-9% of the city's district heating needs).
• Energy Management (Energianhallinta) Energy management services and solutions for optimizing energy production and consumption across the portfolio and for customers.
• CO2 Battery Energy Storage Facility Planned 1,600 MWh CO2-battery-technology-based energy storage facility in Laihia for storing emission-free electricity and supporting power-system balance.
• Balancing Power Solutions (Säätövoimaratkaisut) Flexible balancing power solutions, including gas motor power plants and battery storage, that maintain grid stability and support the electricity system's flexibility and supply security.
• Heat Electrification (Lämmön sähköistyminen) Heat electrification offering combining five electric boilers and a district heating battery at the Seinäjoki power plant, supporting emission-free and flexible energy production and consumption.
• Power-to-X-to-Power / Hydrogen Solutions Hydrogen and Power-to-X-to-Power energy conversion and storage solutions developed by EPV.
• Offshore Wind Power (Merituulivoima) Offshore wind power projects under development as part of EPV's renewable energy expansion.
• EPV Alueverkko Oy — High-Voltage Distribution Network Service Wholly-owned subsidiary operating Finland's largest 110 kV high-voltage distribution network, transmitting electricity across Western and Northern Finland.
• EPV Teollisuusverkot Oy — Industrial Power Transmission Subsidiary (90% EPV, 10% Outokumpu) providing dedicated high-capacity 400 kV and 110 kV electricity transmission for Outokumpu's Tornio stainless-steel factory operations.

Quantifiable outcome

• 97.9% carbon-neutral electricity production achieved in 2025
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Nordic Energy CapitalcoreStrategic or Co-development PartnerInternational collaborative project in which EPV develops new digital tools to make Vaasa City's energy system visible and understandable to citizens. The digital twin helps develop more efficient and low-emission future energy production solutions.
• FingridcoreOthersNational grid operator from whose grid EPV transmits electricity. EPV Alueverkko transmits power from Fingrid's national grid to distribution network companies and industrial customers.
• OutokumpucoreChannel Partner/ Reseller/ DistributorJoint venture partner in EPV Teollisuusverkot Oy (90% EPV, 10% Outokumpu). Provides dedicated high-capacity electricity transmission infrastructure for Outokumpu's Tornio steel factory operations.
• GigaVaasacoreStrategic or Co-development PartnerEPV Siirtoverkko Oy (100% owned) is building electricity transmission infrastructure for the planned large GigaVaasa factory and industrial zone in Laajametsä, Vaasa.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Fortum: Finnish-headquartered integrated utility with generation (nuclear, hydro, thermal) and district heating in the Nordics. Most directly comparable listed Finnish peer to EPV across generation mix, regional heating, and B2B utility customer base.
• Pohjolan Voima (PVO): Finland's largest private electricity producer, owned by its customer energy companies on a cooperative-like model. Closest structural peer to EPV — multi-source generation (nuclear, hydro, thermal) and a member-owned utility model that even feeds EPV's grid via the Ii hydropower plants.
• Vantaan Energia: Finnish municipal energy company producing electricity and district heat from a mix that increasingly tilts to renewables. Comparable peer in CHP, district heating, and the same Finnish municipal-customer model.
• Turku Energia: Finnish municipal utility with CHP, district heating, and growing renewable generation. Similar operating footprint in Finland and similar B2B-to-municipal-utility commercial model as EPV.
• Helen (Helsinki Energy): Finnish municipal utility operating combined heat and power, district heating, and increasingly wind/solar in Finland. Directly comparable in CHP and district-heating franchise to EPV's CHP and Seinäjoki heat assets.

Regional players

• Kuopion Energia: Finnish regional energy group combining electricity, district heat, and grid services. Comparable peer across multi-utility operations in a different Finnish region.

Emerging players

• Copenhagen Infrastructure Partners (CIP): Denmark-based fund manager developing large-scale offshore wind, P2X, and battery storage in the Nordics. Emerging player building the same set of transition assets (offshore wind, hydrogen, storage) that EPV is developing in Finland.
• Skarta Energy (Now part of the listed Skarta group): Finnish renewable-energy developer focused on wind, solar, and battery storage projects in Finland. Emerging player overlap with EPV's wind, solar-mega, and battery/CO2-storage project pipeline.

Others

• Fingrid: Finnish national transmission system operator (TSO) from whose grid EPV Alueverkko takes power for regional distribution. Closest infrastructure-partner peer and the natural counterpart for EPV's substation/regional-network activity.

Broad incumbents

• Statkraft: Norwegian state-owned renewable-energy major with large hydro, wind, and market operations across the Nordics. Broader incumbent comparable to EPV in Nordic hydro/wind generation and grid-services posture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/epvenergia
• LinkedInlinkedin.com/company/epv-energia-oy

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries17 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 EPV Energy