SMART POWER AS
one of Europe’s leading energy companies, Vattenfall Oy has consistently worked with a long-term focus on innovation, reliability of service and environmentally responsible energy solutions. With a history reaching back to the early days of Finland’s Royal Waterboard in 1910, Vattenfall today operates electricity cables that could go round the world 4.5 times. Vattenfall is the leading unit in the Nordic Group, providing energy and heat generation, distribution, sales and maintenance. It has over 40,000 employees, with operations in eight countries and it is number five
Nordic energy company Vattenfall Oy is playing a leading role in producing and delivering green energy solutions in Europe, with a focus on providing an efficient and flexible system through its innovative Smart Grid. Emma-Jane Batey spoke to managing director Tapani Liuhala to find out how this goal is being achieved.
in terms of European energy generation and number one for heat production. With over €20bn net sales in 2009, Vattenfall has performed consistently well throughout the global downturn, and has ambitious plans for continuous growth across Europe, particularly in its Nordic home area.
Diversified energy player
Vattenfall enjoys a 20 per cent market share in Europe based on its nuclear and hydroelectric generation, particularly in Sweden, Finland and Denmark, and is one of the industry leaders in reducing harmful emissions within European power
generation. Managing director Tapani Liuhala commented, “We are very much a diversified energy player in Europe and our investment capital is substantial and stable. In fact, our capital investment has increased five-fold over the last ten years and, with our current investment, we are destined to reduce our customers’ emissions profile by more than 60 per cent over the coming 20 years.” Vattenfall has an annual electricity generation of around 158.7 TWh, with heat generation at around 37.9 TWh. In order to increase the flexibility and efficiency of its services, the company has created an