Our strategy: Pohjolan Voima – Decisive Power

Pohjolan Voima is a versatile, highly skilled Finnish energy company. It was established in 1943. Our shareholders are also our customers, for whom we produce electricity and heat at cost price with hydropower, thermal power and nuclear power. We create decisive power to strengthen competitiveness and contribute to a better tomorrow.

We at Pohjolan Voima have looked forward throughout our existence. In our field, we are a responsible actor whose professional views and expertise are highly valued. We invest in new and smarter thinking, and operations that guide our company and our customers towards a better future in energy. We offer solutions that strengthen our customers’ competitive edge, and create economic stability and wellbeing across society.

We are a responsible actor. Our aim is to combine competitive and carbon neutral production and biodiversity.

Our share of the electricity produced in Finland is approximately 20%. Even now, 97% of our electricity production is CO₂ neutral. This isn’t enough for us. Our aim is to increase the share of our carbon neutral production to 99% in electricity generation and to 85% in heat generation by the year 2025.

Our strategy 2022–2027

Three themes guide our operations:

Sustainable production on market terms

Our choices aim to promote competitiveness and wellbeing, and to curb climate change and enhance biodiversity. Even now, 97% % of our electricity production is CO₂ neutral. This isn’t enough for us. Our goal is for 99% share of our electricity production and 85% of our heat production to be CO₂ neutral by 2025.

Competitive advantage by balancing power capability and timeliness

 In future, fluctuations in electricity production will be even faster and greater than now. The ability to regulate production will be even more important. The increasing share of wind and solar power production, the volume of which fluctuate depending on weather conditions, in the electricity system will further speed up this development. We develop the regulating capability of our production and our ability to use it. We increase the regulating capability by means of investments. We utilise market information as well as data and knowledge in the development.

Top expert in asset management

 We have a great asset in our hands, and we care for it in the best possible way. We perform effective maintenance actions and carry out timely investments and develop life cycle management. We use digitalisation and knowledge-based management in our operations. We manage our operations through the capabilities of our expert organisation and our networks.

Values guide our operations

Our values which we have defined together with our personnel are:

Skilfully − Reliably − Together

Our values guide all our operations.