Our commitment 2030

Towards carbon-neutrality

The energy sector is going through a rupture – fossil fuels are being replaced and carbon emissions are reduced significantly. EPV is on the path towards carbon neutral electricity generation. As an energy production company, EPV has a key role in helping the increasingly electrified society achieve its emission targets. According to its strategy, EPV’s goal is to achieve carbon neutral electricity generation by 2030.

Over 70-year-old EPV is a pioneer in emission-free and renewable energy production, and our goal is have a carbon-neutral energy portfolio by 2030. New energy is the most important enabler towards an emission-free world. This idea is highlighted in our strategy, The New Electricity Revolution. In the center of our strategy is emission-free electricity, which we are achieving rapidly.

 Our goal is a carbon-neutral energy portfolio by 2030.

This goal is pursued through various projects and changes in the fuel mixture. In 2024, 96.4 per cent of EPV’s electricity generation was emission-free.

We invest in the production, storage and management of emission-free electricity with new technologies. In the future, new electricity will be generated using the emission-free energy sources of solar, wind, hydro and nuclear power, which are key to our strategy. In addition, we will utilise carbon neutral raw material flows, such as forest energy, circular economy products and industrial producer gases. With new electricity, we are also helping other operators to become emission-free. As more and more electricity is produced from renewable sources, there is an increasing need for different types of energy storage.

Such storage solutions will bring new flexibility to the electricity system, while increasing the ability of the whole energy system to cope with different types of disturbances. The strategy will therefore increasingly focus on balancing power, flexibility and energy storage solutions to harmonise the energy system.

To prepare for various exceptional usage situations and societal crises, the company maintains fuel reserves for delivery and security of supply reasons, the use of which would result in carbon dioxide emissions. If these fuels need to be used under the aforementioned conditions after 2030, the resulting emissions will be compensated primarily through the company’s own emission compensation measures and secondarily by purchasing market-based compensation units.