The new electricity revolution

EPV Energy has completed a major integrated energy system in Vaskiluoto, Vaasa. The Group’s subsidiary Vaasan Voima has expanded the high-temperature thermal energy storage facility at the power plant site and added new electric boiler capacity, creating one of Europe’s most advanced sector coupling solutions. This innovative system combines a very large thermal energy storage facility, electric boilers, combined heat and power (CHP) generation, and existing energy infrastructure in a way that enables renewable electricity to be converted into heat, stored over long periods, and utilized when energy is needed most.

EPV Energy has updated its strategy for 2026–2030 to respond to the rapidly changing energy market and operating environment. The aim of the updated strategy is to strengthen competitiveness, seize growth opportunities and manage risks in the transformation of the energy system. The strategy’s key focus areas are low-emission energy production, flexibility solutions, energy management, strong energy sector expertise and its development, as well as data and analytics.

EPV Energy Ltd (EPV) has made an investment decision to build a new gas-engine power plant in Lappeenranta. The project is part of EPV’s balancing power programme and continues the company’s investments in strengthening the flexibility of the electricity system and security of supply.