EPV Energy
EPV Energy is a leader in emission-free energy generation. We are aiming to be carbon neutral by 2030.
Energy at production cost price
EPV Energy generates and acquires electricity and heat for its shareholders, i.e. Finnish energy companies. EPV Energy has over 70 years of experience in responsible energy generation. We focus on emission-free and reliable energy generation with determination and purpose. At EPV Energy, we have greatly improved our range of energy generation, resulting in significant reductions in carbon dioxide emissions. We aim to achieve carbon-neutral electricity generation by 2030.
EPV Energy is a leader in emission-free energy generation, for example in utilising wind power and domestic forest energy. In line with our strategy, we will continue our determined efforts to achieve zero-emission energy generation also in the future.
In 2024, the Group’s total power procurement was 4.7 terawatt-hours. This corresponds to 5% of the total electricity consumed in Finland. Last year, a larger proportion of energy than ever was generated emission-free.
We produce and supply energy for our shareholders at production cost price, meaning that we do not try to make a profit. This is known in Finland as the Mankala principle and it enables extensive energy projects, while ensuring low production costs.
- Founded: 1952
- Turnover: 422 MEUR (2024)
- Number of employees: 170 (2024)
The EPV Energy Group has subsidiaries and affiliated companies in whose governance and supervision EPV actively participates. Nevertheless, the Group’s subsidiaries and affiliated companies have their own administrative bodies. The Group is divided into four business areas.
Group structure
Co-owned Power Generation
Pohjolan Voima Oyj 5 %
Teollisuuden Voima Oyj 6,6 %
Voimapiha Oy 17 %
Combined Heat and Power Production and Energy Storage
EPV Akkuhybridi Oy 100%
EPM Metsä Oy 50 %
EPV Aluevarannot Oy 100 %
Raahen Voima Oy 25 %
Seinäjoen Voima Oy 100 %
Tornion Voima Oy 100 %
Vaasan Voima Oy 100 %
Renewable Energy Production
EPV Tuulivoima Oy 100 %
Rajakiiri Oy 60,2 %
EPV Aurinkovoima Oy (100 %)
Energy Management
EPV Operations Ltd 100%
EPV Tase Oy 100%
Electricity Transmission
EPV Alueverkko Oy 100%
EPV Siirtoverkko Oy 100%
EPV Teollisuusverkot Oy 90%
Others
Powerheat Solutions Oy 100 %
Suomen Energiavarat Oy >90%
Vaskiluodon Teollisuuskiinteistöt 100%
Shareholders and interests
| Osakas | omistusosuus |
|---|---|
| Alajärven Sähkö Oy | 1,47 % |
| Cumel Oy | 0,33 % |
| Helen Oy | 5,59 % |
| Imatran Seudun Sähkö Oy | 0,40 % |
| Jylhän Sähköosuuskunta | 4,01 % |
| JärviS-Energia Oy | 1,65 % |
| Kaakon Energia Oy | 0,37 % |
| KSS Energia Oy | 0,64 % |
| Kymppivoima Oy | 7,33 % |
| Lahti Energia Oy | 8,38 % |
| Lehtimäen Sähkö Oy | 0,52 % |
| Oulun Energia Oy | 2,74 % |
| Outokumpu Oyj | 0,39 % |
| Oy Perhonjoki Ab | 1,65 % |
| Rauman Energia Oy | 0,97 % |
| Seinäjoen Energia Oy | 11,58 % |
| Vaasan Sähkö Oy | 43,17 % |
| Vantaan Energia Oy | 7,81 % |
| Vimpelin Voima Oy | 0,44 % |
| Äänekosken Energia Oy | 0,54 % |
Board of Directors and Management Team
Members of the Board:
Olli Arola, director
Stefan Damlin, CEO (Chairman of the Board)
Jaana Eklund, Vice President, General Counsel
Jouni Haikarainen, CEO
Vesa Hätilä, CEO
Riku Kananen, director (Vice Chairman of the Board)
Anders Renvall, CEO
Markus Tuomala, director
Jukka Ylitalo, CEO
Hans-Alexander Öst, director
Deputy members:
Esa Ala-Honkola, CEO
Marko Haapala, CEO
Tuomas Liikala, CEO
Kari Roos, director
Arja Rosing, CFO
Management Team:
Rami Vuola (CEO of EPV Energy)
Frans Liski
Reima Neva
Niko Paaso
Maija Suutarinen
Mats Söderlund
