What Valkeakosken Energia does

Valkeakosken Energia Oy is a Finnish municipal energy utility wholly owned by the City of Valkeakoski, operating exclusively in the Valkeakoski region. The company runs three core businesses: regulated electricity distribution over a ~200 GWh/year franchise, district heating sourced primarily from wood-based recovery at UPM Oyj's Tervasaari pulp and paper factory, and natural gas supply to industrial customers. Street lighting operations were placed into a dedicated subsidiary, Valkeakosken Valaistus Oy, effective January 2026. Competitive retail electricity sales were divested into the Omavoima Oy joint venture in January 2022.

The revenue model is a mix of regulated network tariffs on the DSO side (with reported prices 10-20% below the national average), contracted industrial and residential district heating priced at EUR 96.90/MWh in April 2023, and competitive natural gas and lighting services. The company supplies roughly 6 GWh of annual network losses from its own wind generation and is one of four co-owners in the approximately EUR 100 million Puhuri wind power JV. Capex runs at approximately EUR 2 million per year on the network, with EUR 4.4 million invested across heat and electricity networks in 2023.

Ongoing strategic initiatives include a multi-year weatherproof grid investment program running through 2034, a 2025-2027 sand battery pilot with Polar Night Energy, drone-based distribution grid inspection, smart district heating systems using weather-based load forecasting, and a new online customer portal launching in March 2026. Leadership rests with CEO Olli-Pekka Marttila, appointed November 2022.

Name

Valkeakosken Energia

Legal name

Valkeakosken Energia Oy

Website

https://valkeakoskenenergia.fi

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Valkeakosken Energia Oy is a City of Valkeakoski-owned municipal utility providing regulated electricity distribution (~200 GWh/yr), district heating (sourced from UPM's Tervasaari factory), industrial natural gas, and street lighting to residential, SME, and industrial customers in Valkeakoski, Finland.

Ownership category

akta.pro rank

Product category

Municipal Energy Utility

NAICS

Electric Power Generation, Transmission and Distribution (2211), Steam and Air-Conditioning Supply (221330)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industry

Street Lighting & Area Lighting EPC / Maintenance (EUAEACAH)

Keywords

• Electricity distribution services
• District heating supply
• Industrial natural gas
• Energy network operations
• Street lighting services

Headquarters

HQ city

Valkeakoski

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Distribution (Sähkönsiirto): Valkeakosken Energia operates as an electricity distribution company (sähkönsiirtoyhtiö) in Valkeakoski. The company transmits electricity through its own electricity network and charges distribution fees based on consumption and basic fees. The company transports approximately 200 GWh of electricity per year through its network. Their transfer products include basic, night, seasonal, and power transfer options.
2. District Heating (Kaukolämpö): The company produces and/or distributes district heating in Valkeakoski. District heating is primarily produced at UPM Oyj's Tervasaari factory using wood-based fuels, with natural gas used mainly during cold spells. The company also uses electric boilers and data center waste heat. District heating prices consist of an energy fee and a basic fee. The energy price as of April 2023 is 96.90 EUR/MWh (incl. 24% VAT).
3. Natural Gas for Industry (Maakaasu): Valkeakosken Energia supplies natural gas to industrial customers in the Valkeakoski area. This is a B2B revenue stream targeting manufacturing and industrial operations.
4. Electricity Sales (Sähkönmyynti): Valkeakosken Energia's electricity sales function transferred to Omavoima Oy as of 1 January 2022, making Valkeakosken Energia also a shareholder of Omavoima. Omavoima purchases all electricity sold to customers at market prices.
5. Street Lighting Services: Valkeakosken Valaistus Oy, a subsidiary, is responsible for Valkeakoski's street lighting (katuvalaistus) starting 2 January 2026. Street lighting fault reports are handled through an online form.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Valkeakosken Energia Oy is a municipally owned energy utility that provides electricity distribution (Sähkönsiirto), district heating (Kaukolämpö), and industrial natural gas (Maakaasu) to residential, business, and housing-company customers in the Valkeakoski region of Finland. The company also operates street lighting through its subsidiary Valkeakosken Valaistus Oy and offers connection, metering, and small-scale producer support services, with a 24/7 online self-service portal for contract and consumption management.

Product overview

Valkeakosken Energia is a municipal energy utility company offering a portfolio of regulated energy infrastructure and customer services. The core offerings are electricity transmission and distribution (Sähkönsiirto), district heating (Kaukolämpö), and industrial natural gas (Maakaasu). These are complemented by connection and metering services including new electricity connections, construction site power, and small-scale solar production support. The company operates street lighting through subsidiary Valkeakosken Valaistus Oy. All customer-facing services are accessible through the Online portal, which consolidates contract management and consumption monitoring for electricity and district heating. The company connects to the national Datahub system for electricity market data exchange.

Differentiator

Problem solved

Functional benefit

Brands

• Omavoima: Electricity sales company co-owned by Valkeakosken Energia and other regional energy companies

Products and services

• Sähkönsiirto (Electricity Transmission and Distribution) Regulated electricity distribution service covering the Valkeakoski area, providing power grid infrastructure, meter management, and connection services for residential and business customers. Transfer products include Basic, Night (Yö), Seasonal (Kausi), and Power (Teho) options. The company transmits approximately 200 GWh per year and aims for a weatherproof grid by 2034 with ~2M EUR annual investment.
• Kaukolämpö (District Heating) District heating supply for homes and businesses in Valkeakoski, sourced primarily from wood-based fuels at UPM Oyj's Tervasaari plant, supplemented by bio heating centers, an electric boiler, and data center waste heat. Energy fee of 96.90 EUR/MWh (incl. 24% VAT) as of April 2023 plus a basic fee; supports oil-to-district-heating switches with available 4,000 EUR government subsidy.
• Maakaasu teollisuudelle (Industrial Natural Gas) Natural gas supply service for industrial customers in the Valkeakoski region, used primarily as supplementary fuel for the Tervasaari district heating production during cold spells and to meet manufacturing customer demand.
• Uusi sähköliittymä (New Electricity Connection) New electricity connection service for residential builders and construction projects in Valkeakoski, including site power and meter installation for new buildings.
• Työmaasähkö (Construction Site Electricity) Temporary electricity supply for construction sites in Valkeakoski, provided during the building phase before permanent connection is installed.
• Sähkön pientuotanto (Small-Scale Electricity Production Support) Services for customers producing their own electricity, such as solar panels, including grid connection support, net metering registration, and energy community registration for producers in the Valkeakoski network area.
• Katuvalot (Street Lighting) Street lighting management, operation, and maintenance for the city of Valkeakoski, delivered through subsidiary Valkeakosken Valaistus Oy since 2 January 2026. Faults are reported via the company's online form.
• Online-palvelu (Online Customer Self-Service Portal) Online customer portal allowing Valkeakosken Energia customers to view contracts, electricity and district heating consumption data, update personal details, and subscribe to electricity disturbance notifications. First login uses bank credentials or mobile certificate; accessible 24/7.

Quantifiable outcome

• Electricity transmission prices are on average 10-20% below national average
• +5 more outcomes

Named customers5 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

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Omavoima OycoreStrategic or Co-development PartnerOmavoima Oy is an electricity sales company owned by four regional energy companies: Valkeakosken Energia, Leppäkosken Energia, Rauman Energia, and Vakka-Suomen Voima. Valkeakosken Energia transferred its electricity sales function to Omavoima as of 1 January 2022 and became a co-owner. Omavoima purchases all electricity sold to customers at market prices and operates as the local electricity supplier for Valkeakoski. The companies share a common value base and collaborate on customer service, marketing events, and operational efficiency.
• Puhuri OycoreStrategic or Co-development PartnerPuhuri Oy is a wind power company with four owners: Suomen Voima, Katternö, Ålands Elanderslag, and Valkeakosken Energia. Valkeakosken Energia is one of the co-owners and is actively involved in wind power development. Electricity produced by Puhuri is supplied to owner companies at cost price under the Mankala principle. Puhuri operates multiple wind power parks including Parha (Pyhäjoki), Hankila (Haapavesi), Keson (Haapavesi), and Kaukasen (Kannus) with additional projects planned in Northern Ostrobothnia and Lapland.
• Polar Night Energy OycoreStrategic or Co-development PartnerPolar Night Energy Oy and Valkeakosken Energia are collaborating to build a sand battery pilot installation in Valkeakoski. The pilot will test a sand battery version that converts stored thermal energy back to electricity (P2H2P system). The pilot is located at Pispantalli in Valkeakoski with construction starting autumn 2025 and testing running until early 2027. The project received funding from Business Finland. Valkeakosken Energia provides the site and will integrate the heat into its district heating network.
• UPM OyjcoreTechnology or IntegrationUPM Oyj's Tervasaari paper factory in Valkeakoski produces district heating for the Valkeakoski city center district heating network operated by Valkeakosken Energia. The proximity and industrial process create an efficient use of waste heat from paper manufacturing, making district heating production highly efficient and sustainable. Natural gas is used mainly during cold spells.
• Valkeakosken Verkkopalvelut OycoreStrategic or Co-development PartnerA subsidiary of Valkeakosken Energia Group responsible for network services (sähkönjakeluverkko). Works closely with Valkeakosken Energia on distribution network operations, maintenance, planning, balance management, and energy metering. The company also handles construction management and serves as a technical contact for customers and stakeholders.
• Valkeakosken Valaistus OyminorStrategic or Co-development PartnerA subsidiary of the Valkeakosken Energia Group that started operations on 2 January 2026. Valkeakosken Valaistus Oy is responsible for Valkeakoski's street lighting (katuvalaistus). It operates in collaboration with Valkeakosken Verkkopalvelut Oy. Street lighting faults are reported through Valkeakosken Energia's website.
• Valkeakosken kaupunki (City of Valkeakoski)coreStrategic or Co-development PartnerThe City of Valkeakoski wholly owns Valkeakosken Energia Oy. The city and the energy company collaborate on multiple fronts including street lighting, local events (Valometsä, Earth Hour), community sponsorship, and economic development. The city supported the Polar Night Energy sand battery pilot project.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Leppäkosken Energia: Finnish regional energy utility serving the Hämeenlinna area with electricity distribution, district heating and energy services. Direct peer through co-ownership of Omavoima Oy alongside Valkeakosken Energia, with virtually identical business mix and municipal/regional utility structure.
• Rauman Energia: Regional Finnish energy utility serving the Rauma region with electricity distribution, district heating and energy retail. Co-owner of Omavoima Oy with Valkeakosken Energia, sharing the same small-municipal-utility model and customer profile.
• Katternö: Finnish regional energy group with electricity distribution, district heating and energy retail operations. Co-owner of Puhuri Oy wind power alongside Valkeakosken Energia, with very similar municipal/cooperative ownership and multi-stream utility model.
• Vakka-Suomen Voima: Finnish regional energy company providing electricity distribution and related energy services in the Vakka-Suomi area. Direct peer via Omavoima Oy co-ownership with Valkeakosken Energia, operating the same regulated DSO + retail model.
• Suomen Voima: Finnish energy company co-owning wind power producer Puhuri Oy with Valkeakosken Energia. Comparable as a small/mid Finnish energy group combining generation assets with distribution operations under cooperative/regional utility ownership structures.

Broad incumbents

• Tampereen Energia: Large Finnish municipal energy utility serving the Tampere region with electricity distribution, district heating and generation. Comparable business model and offering but at significantly larger scale and broader geographic footprint than Valkeakosken Energia.
• Oulun Energia: Major Finnish municipal energy company serving the Oulu region with electricity, district heating and energy services. Same municipal utility structure and product portfolio as Valkeakosken Energia but at materially larger scale.
• Turku Energia: Municipal energy utility serving the Turku region with electricity distribution and district heating. Operates the same regulated DSO + district heating model as Valkeakosken Energia, but with a much larger customer base and geographic reach.

Others

• Polar Night Energy: Finnish deep-tech company developing sand-based thermal energy storage, partnered with Valkeakosken Energia on the Pispantalli P2H2P sand battery pilot. Not a competitor but a closely aligned technology partner enabling the company's thermal storage innovation roadmap.

Regional players

• Ålands Elandelslag: Energy cooperative serving the Åland Islands with electricity distribution and generation, co-owner of Puhuri Oy with Valkeakosken Energia. Comparable in customer type and asset mix but operates in a distinct island jurisdiction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/valkeakoskenen1
• YouTubeyoutube.com/@valkeakoskenenergiaoy2527
• Facebookfacebook.com/valkeakoskenenergia
• LinkedInlinkedin.com/company/valkeakoskenenergiaoy
• Instagraminstagram.com/valkeakoskenenergia

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Valkeakosken Energia