Kymppivoima Oy

What Kymppivoima Oy does

Kymppivoima Oy is a Helsinki-headquartered Finnish electricity generation ownership and expert organization, founded in 1993. Its owners and customers are local electricity companies spread across Finland, which collectively cover approximately one-third of the country's electricity distribution network and supply electricity to more than one million Finnish consumers. The company's purpose is to provide affordable, self-cost electricity to its owner companies, and profit-seeking is explicitly excluded from its operating principles.

The company operates a portfolio of production allocations totaling 267 MW across 13 different power plants, generating 1,490 GWh in 2023, of which 98.9% was emission-free. Kymppivoima is the third-largest owner of EPV Energia Oy (providing wind, hydro, and nuclear exposure) and the third-largest owner of Pohjolan Voima Oy (providing nuclear and thermal exposure). It also jointly owns Voimapiha Oy in equal shares with EPV Energia Oy and Helen Oy, which operates hydroelectric assets on Sweden's Indalsälven river, giving the cooperative a cross-border Nordic dimension.

The business model is a cooperative cost-pass-through structure: revenue of €100.9M in FY2023 essentially reflects the recovery of generation and procurement costs allocated to owner companies rather than margin capture. Strategic priorities are increasing the renewable share within the existing allocation base, advocating on behalf of owner utilities in energy-sector regulatory forums, and selectively expanding generation capacity in cooperation with its production-company partners. The company employs between 1 and 10 staff, consistent with a lean central organization managing ownership stakes rather than operating a traditional commercial enterprise.

Name

Kymppivoima Oy

Legal name

Kymppivoima Oy

Website

https://kymppivoima.fi

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Kymppivoima Oy is a Helsinki-based, non-profit Finnish electricity generation cooperative founded in 1993, owned by and serving local electricity companies that cover one-third of Finland's distribution network. It holds 267 MW of production allocations across 13 power plants and is the third-largest owner of EPV Energia and Pohjolan Voima.

Ownership category

akta.pro rank

Product category

Electricity Generation Ownership Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industries

Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB), Remote Operations, Control Room & Digital O&M (Monitoring, Diagnostics) (EUAEAGAM)

Keywords

• Electricity generation services
• Energy portfolio management
• Cooperative power ownership
• Renewable energy investment
• Nordic energy production

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Revenue model

1. Electricity generation and distribution services: Kymppivoima operates as a non-profit electricity generation organization. Their operating principle does not include profit-seeking. The purpose is to provide electricity at cost to owner electricity companies. Revenue is generated through ownership of production allocations in 13 different power plants totaling 267 MW.

Distribution channels1 record

Marketing channels1 record

Core offering

Kymppivoima Oy is a non-profit electricity generation ownership and expert organization that owns 267 MW of production allocations across 13 power plants in Finland and Sweden. It supplies electricity at cost to its owner-companies, which are local Finnish electricity companies collectively covering one-third of Finland's distribution network and serving over one million consumers. Production comes from wind, hydro, nuclear, and thermal generation through stakes in EPV Energia Oy, Pohjolan Voima Oy, and the joint venture Voimapiha Oy.

Product overview

Kymppivoima Oy is an electricity generation ownership and expert organization, not a traditional software product company. The company operates as a unified service offering focused on electricity production ownership and management for Finnish local electricity companies. The core offering includes ownership stakes in 13 power plants (267 MW total capacity), strategic investments in EPV Energia Oy (third-largest owner) and Pohjolan Voima Oy (third-largest owner), and a joint venture Voimapiha Oy for Swedish hydroelectric production. The company does not develop or sell software products but rather provides energy generation expertise and ownership coordination services. All production is emission-free (98.9%), with a strategic goal to increase renewable energy share.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Generation Ownership Services Ownership and management of electricity production allocations across 13 different power plants totalling 267 MW, serving as a collaborative channel for local Finnish electricity companies to participate in major domestic and Nordic electricity generation projects.
• Energy Portfolio Management Expertise organization focused on managing and developing electricity generation, with the goal of increasing the proportion of renewable and emission-free forms of energy in production allocations (currently 98.9% of production is emission-free).
• Stakeholder Representation and Advocacy Services Advocacy and representation services for electricity company owners in energy-sector decision-making forums, influencing industry regulations and policies affecting member companies.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• EPV Energia OycoreStrategic or Co-development PartnerKymppivoima Oy is the third largest owner of EPV Energia Oy. Through this ownership, Kymppivoima has production allocations from wind, hydro, and nuclear power generation. EPV Energia is a significant Finnish energy company providing diversified generation capacity.
• Pohjolan Voima OycoreStrategic or Co-development PartnerKymppivoima Oy is the third largest owner of Pohjolan Voima Oy. Through this ownership, Kymppivoima has access to nuclear and thermal power generation allocations. Pohjolan Voima is a major Finnish power generation company.
• Voimapiha OycoreStrategic or Co-development PartnerKymppivoima Oy jointly owns Voimapiha Oy with EPV Energia Oy and Helen Oy in equal shares. Voimapiha operates hydroelectric production in the Indalsälven river in Sweden.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Helen Oy: Helsinki-based municipal energy utility and joint venture partner in Voimapiha Oy. Operates in the same Finnish electricity and district heat markets with comparable scale, though municipally owned rather than cooperatively owned.
• Fortum Oyj: Major Nordic energy utility with significant Finnish hydro, nuclear, and thermal generation. Comparable generation portfolio and Finnish market presence, though publicly listed and far larger with broader European operations.
• Statkraft SF: Norwegian state-owned renewable energy company and Europe's largest renewable generator. Comparable renewable generation focus and Nordic market exposure, though state-owned and far larger than Kymppivoima.
• Vattenfall AB: Swedish state-owned European energy utility with Nordic hydro, nuclear, and wind generation. Operates in adjacent Nordic markets with similar renewable energy focus and a state-owned model comparable to cooperative utilities.

Regional players

• Eesti Energia: Estonian state-owned energy company with diversified generation portfolio including oil shale, wind, and biomass. Operates in the Baltic market rather than Finland but provides a comparable utility-scale generation model in a neighboring Nordic-adjacent geography.

Direct peers

• Pohjolan Voima Oy: Major Finnish power generation company with nuclear and thermal assets in which Kymppivoima holds the third-largest stake. Operates a closely related Mankala-style ownership model serving Finnish electricity companies and industrial off-takers.
• Teollisuuden Voima Oy (TVO): Finnish nuclear power operator with similar ownership-by-electricity-companies Mankala structure. Directly comparable cooperative-like model serving Finnish industrial and energy customers with baseload nuclear generation.
• EPV Energia Oy: Finnish energy company in which Kymppivoima is the third-largest owner, with wind, hydro, and nuclear generation. Directly comparable as a Finnish energy company with a similar ownership-cooperative heritage and overlapping generation portfolio.
• Kemijoki Oy: Finland's largest hydroelectric producer with a cooperative ownership structure serving Finnish energy companies. Highly comparable cooperative generation model targeting the same customer base of local Finnish utilities.

Others

• Uniper SE: Major European energy company with a large generation portfolio across hydro, nuclear, gas, and renewables. Provides an indirect utility-scale peer comparison for generation mix and European energy exposure, though the operating and ownership model differs materially from Kymppivoima's cooperative structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kymppivoima-oy

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 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 Kymppivoima Oy