Investment in the region and revenue for the City of Oulu

In our continuous development of efficient, affordable and carbon-neutral energy production, Oulun Energia invests millions of euros every year in the Oulu region. In 2024, we invested  EUR 70,4 million, in particular in the renovation of power plants and maintenance and expansion of the heating and electricity network.

Each year, we generate significant sums of money for the City of Oulu in dividends, payments for reserve for invested non-restricted equity, loan repayments and loan interest. In 2024, these amounted to a total of EUR 24.5 million – equivalent to the combined salaries for more than 400 nurses for a year.

In addition to almost 250 employees of its own, Oulun Energia contributes indirectly to employment through the services it purchases, in areas such as information and communications technology, consultancy, legal services, cleaning, and security services.

Supporting sports clubs and culture

The Oulun Energia group also sponsors local sports clubs and culture. The main recipients of our grants for sport and culture in 2024 were Oulun Kärpät, AC Oulu, the Qstock annual rock festival, the Oulun Luistinseura multi-sports club, the Oulun Pyrintö multi-sport club, the Rankat Ankat floorball club and Lasten Yrityskylä (a Finnish learning module). 

Collaborative research for the environment

Oulun Energia is one of the largest organisations in the Oulu region, and works closely with research institutes, municipalities and other companies in research and education. 

We continuously monitor and improve the impact of our operations on the environment, especially on waterways. 

School partnerships and summer jobs

Oulun Energia collaborates extensively with Oulu University of Applied Sciences, OSAO vocational college, and the University of Oulu. Many of our experts contribute to the planning and implementation of courses, and in return we offer students the opportunity to be involved in developing Oulun Energia’s operations.

We also offer positions every year for students working on their theses, and the thesis projects. We also employ many students during the summer in particular. Our aim is to offer a wide range of job opportunities for students from different sectors.

Reliable electricity and heat supply is our key mission

Oulun Energia Sähköverkko Oy has successfully kept its security of supply of electricity at a high level for several years. In 2024, our security of supply was at a staggering 99.99%, with our underground cabling rate at 93%.

The price of electricity is determined by the market and is affected not only by production factors but also by the relationship between supply and demand. One of Oulun Energia’s tasks is to contribute to maintaining a balance between production and demand. As part of acting responsibly and ensuring continually sustainable operations, it is important to generate electricity proactively and keep all the production plant and other equipment in good working order so as to prevent unexpected disruptions.

Security of supply of our district heating has also remained at a very high level, standing at 99.96% in 2024. We maintain the security of supply and energy efficiency of our district heating by renovating the parts of our network that are reaching their end of life. In 2024, we invested approximately 5 million euros in building and renovating our district heating network.

Ensuring long-term security of supply is one of Oulun Energia’s most important tasks. Our fuel procurement continues to be domestically focused, and 90% of the fuel we use comes from Finland. The imported fuel we use is procured as locally as possible, i.e. from within the Baltic Sea region. For global political reasons, we are also exploring other procurement options.