Potential offtaker

Elenia Oy and Elenia Verkko Oyj

www.elenia.fi

Estimated electricity consumption

N/A

Countries of production presence

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Elenia Oy and Elenia Verkko Oyj are two Finnish companies that operate in the Electric Transmission & Distribution sector. Elenia Oy is responsible for the distribution of electricity in the Elenia network area, while Elenia Verkko Oyj owns and maintains the electricity network. The companies are committed to promoting decarbonisation and renewable energy, and have implemented several initiatives to achieve these goals.

One of the key initiatives that Elenia has undertaken is the installation of smart meters in households and businesses. These meters provide real-time data on energy consumption, allowing customers to monitor their usage and make informed decisions about their energy consumption. The smart meters also enable Elenia to identify areas of high energy consumption and work with customers to reduce their usage.

Elenia has also implemented a corporate energy program, which aims to help businesses reduce their energy consumption and carbon emissions. The program provides businesses with energy audits, energy efficiency recommendations, and support in implementing energy-saving measures. Through this program, Elenia has helped businesses in the Elenia network area reduce their energy consumption by an average of 10%.

Another initiative that Elenia has undertaken is the development of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a renewable energy producer and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy from the producer. Elenia has developed a PPA model that allows businesses in the Elenia network area to purchase renewable energy directly from local producers. This not only supports the development of renewable energy in the region, but also provides businesses with a stable and predictable energy supply.

In addition to these initiatives, Elenia has also invested in renewable energy production. The company has developed several wind power projects in the Elenia network area, and has also invested in solar power and energy storage. These investments not only support the development of renewable energy, but also provide Elenia with a diversified energy portfolio.

Elenia's commitment to decarbonisation and renewable energy is reflected in its corporate strategy. The company has set a target to reduce its carbon emissions by 80% by 2030, and to achieve carbon neutrality by 2050. To achieve these goals, Elenia has developed a roadmap that includes investments in renewable energy, energy efficiency, and electrification of transport.

Elenia's commitment to decarbonisation and renewable energy has been recognised by external stakeholders. In 2020, the company was awarded the Energy Company of the Year award by the Finnish Energy Industries association. The award recognised Elenia's efforts to promote sustainable energy solutions and reduce carbon emissions.

In conclusion, Elenia Oy and Elenia Verkko Oyj are two Finnish companies that operate in the Electric Transmission & Distribution sector. The companies are committed to promoting decarbonisation and renewable energy, and have implemented several initiatives to achieve these goals. These initiatives include the installation of smart meters, a corporate energy program, the development of corporate PPAs, and investments in renewable energy production. Elenia's commitment to decarbonisation and renewable energy is reflected in its corporate strategy, and has been recognised by external stakeholders.

✓ Science Based Targets member
✓ Declared Net Zero commitment