Our strategy: Pohjolan Voima – Decisive Power
We create decisive power to strengthen competitiveness and contribute to a better tomorrow.
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 made bold decisions and looked forward throughout our existence. We are ready to face the future with determination. 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.
Our share of the electricity produced in Finland is approximately 20%. Even now, approximately 95 % of our electricity production is CO2 neutral. This isn’t enough for us. Our decisions and choices also aim to curb climate change.
Our strategy 2020–2025
Three themes guide our operations:
We are aiming to become CO2 neutral, based on market terms.
Our choices aim to promote competitiveness and wellbeing, and to curb climate change. Even now, approximately 95% 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.
We seek a competitive advantage through our regulating capability. In future, fluctuations in electricity production will be even faster and greater than now. The ability to regulate production will be even more valuable. 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 regulation capability of our production with the help of market information. We increase the value of regulation by means of investments. In addition to balancing power production, we fully understand the dynamics of demand.
We aim to become a top expert in production asset management. We have a great asset in our hands, and we care for it in the best possible way. Here, the term “production asset” refers not only to our buildings and systems but also to the data and knowledge we accumulate during the lifespan of our production assets and which we use to lead our operations. We perform effective maintenance actions and carry out timely investments. We use digitalisation and knowledge-based management in our operations. We continue to strengthen our networks and partnerships.
Values guide our operations
Our values – skilfully, boldly, together – guide all our operations.
- We always work safely
- We make things easy
- We tackle challenges
- We combine competences
- We have the courage to act with an open mind
- We trust ourselves
- We learn from our errors
- We value each other
- We develop together
- We take pleasure in our successes