The forerunner in low-emission and renewable energy
EPV Energy has 70 years of experience in responsible energy generation. We focus on emission-free and reliable energy generation with determination and purpose. We aim to achieve carbon-neutral electricity generation by 2030. Responsible and ethical practices are our founding principles.
Energy at production cost price
Corporate Responsibility Report 2022
We are keeping pace with a changing world
Climate change
At EPV, we make a determined effort to mitigate climate change.
We aim to achieve carbon-neutral energy generation by the end of the 2020s.
We are moving towards lower-emission production in a controlled and responsible way.
Security of energy supply
We deliver energy to our owners, Finnish energy companies, with a high level of security of supply. We are developing grid connections and investing in infrastructure to ensure that our energy security is always first rate.
Changes in the energy sector
The energy sector is at a turning point, and the domestic and global operating environments are also constantly evolving. However, investment decisions in the energy sector are always made for the long term. That is why we are taking a long-term approach and promote long-term energy policy in social solutions.
Digitalisation
We use modern technology to commercially manage our energy procurement and supply for our shareholders. Through digitalisation, we are creating efficiency in this energy supply process. Advanced technology and analytics also allow us to monitor and adjust production in real time.
In 2022, the proportion of EPV Energy’s production that came from renewable energy sources was 46 per cent and emission-free energy sources was 88 per cent
Our climate goal is emission-free electricity generation by 2030
EPV is reducing its carbon dioxide emissions in a determined, systematic way. In 2022, the average carbon dioxide (CO2) emissions of the electricity supplied by EPV were 118 g/kWh.
Wind power
Wind power is an important form of energy production for EPV. Our subsidiary EPV Windpower is one of the pioneers of Finnish wind power.
Thermal power
In heat production, we focus continuously on reducing emissions and using domestic fuels and advanced technology. We produce electricity and heat at the CHP plants of Raahe, Seinäjoki, Tornio and Vaasa.
Nuclear power
Olkiluoto 3 is Finland’s biggest single climate action towards zero-emission energy production. Our affiliated company Teollisuuden Voima runs all the Olkiluoto nuclear power plants.
Hydropower
Hydroelectric power is an important source of renewable electricity. EPV Power works in one of our business areas and generates electricity at cost price using hydropower in Finland and Sweden.
Electricity distribution and transmission
EPV is a major Finnish electricity distributor. We transmit reliable, high-quality electricity from the main grid to electricity distribution companies and large end-users of electricity.
Energy management
EPV provides energy management services to its shareholders and the companies it owns. We have our own dedicated Operations Centre that focuses on energy management. It optimises energy trading performance and predicts and manages energy generation.
Over the last ten years, EPV has improved its range of energy generation activities. Thanks to our climate work, we have made significant reductions in carbon dioxide emissions.
People
People are a vital resource for EPV
Together with its personnel and partners, EPV is creating a cleaner world. The importance of our work is evident every day, for example, in declining emissions, the growth of renewable energy and secure energy production. These developments are a concrete representation of the high-level skills and competences of our personnel.
In addition to our shareholders, our most important stakeholder groups in terms of corporate responsibility are:
Economic responsibility
Sound business activities are based on sufficient productivity
EPV acts in a financially responsible way. We produce and supply energy at production cost price, a method known in Finland as the Mankala principle. It enables extensive energy projects, while ensuring low production costs.
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