EPV Energy Ltd is a Finnish energy company that generates and acquires electricity and heat for its shareholders, i.e. Finnish energy companies, at a production cost price. This is known as the Mankala principle and it enables shareholders to engage in extensive energy projects, while ensuring low production costs.
In 2017, the Group’s total power procurement was 3,909 GWh. This corresponds to 4.7% of the total electricity consumed in Finland. Last year, a larger proportion of energy than ever was generated emission-free:
• Nuclear power 1,123 GWh
• Hydropower 1,001 GWh
• Wind power 427 GWh
• Coal 277 GWh
• Peat 263 GWh
• Biofuels 240 GWh
The company is a leader in emission-free energy generation, for example in utilising wind power and domestic biofuel. So far in the 2010s, the Group has considerably reduced its carbon dioxide emissions. In line with EPV Energy’s strategy, we will also continue our purposeful work towards emission-free energy generation in the future.
More than 60 years in business
Founded in 1952, EPV Energy was first known as Etelä-Pohjanmaan Voima. The company’s roots are in Ostrobothnia where the region’s electric power plants opted to join forces as the demand for electricity grew.
Over the decades, EPV Energy has expanded its operations to cover the whole country and also into Sweden and Norway. Nevertheless, the original business idea of acquiring cost-effective energy for shareholders still holds.
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