Energy

Value from energy

UPM Energy is significant producer of cost-competitive, low-emission energy and active operator in Nordic energy markets.

 

UPM Energy is the second largest electricity producer in Finland. It generates low-emission electricity in its own and co-owned power plants. In addition, UPM Energy's operations include physical electricity and financial portfolio management as well as services to industrial electricity consumers and producers.

 

UPM Energy provides industrial electricity consumption and flexibility services to industrial consumers and other energy companies. Deep understanding of industrial consumption as well as efficient, low-emission electricity generation, offer the company a unique position in the marketplace.

In addition to UPM Energy Business Area, UPM Group also has power generation assets in other businesses. Combined heat and power plants (CHP) and small hydropower plants are located in paper, pulp, timber and plywood mill sites, and they are primarily serving the local mills. UPM Group's total generation capacity, including shares in other companies, is 3,000 MW.

 

Energy business

Electricity consumption and flexibility services

UPM Energy provides industrial electricity consumption and flexibility services to industrial consumers and other energy companies. Our deep understanding of both industrial consumption patterns and efficient, low-emission electricity generation, provides us with unique expertise in the marketplace. By tapping to this expertise, our customers are able to optimize their energy consuming or generating operations for higher efficiency and lower cost. 

Energy generation

UPM Energy generates electricity with own hydropower assets and owns shares in other electricity companies. Our total generation capacity is 1,500 MW. 

 

Physical Portfolio Management

UPM Energy is an operator in the NordPool electricity market. We sell electricity and optimise our generation capacity to match the daily market need.

Financial Portfolio Management

UPM Energy operates in the financial markets with energy derivatives.

Market Analysis

Our energy market analysis team produces price forecasts and offers energy market intelligence to support electricity trading and consumption optimization.

 

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Electricity generation

​UPM is a responsible energy producer with versatile energy sources and production resources, as well as strong technological competence in energy production. UPM aims at expanding its low-emission power generation, holding growth opportunities in CO2-free energy and market competencies.

 

Hydropower

Renewable and flexible hydropower is an essential part of UPM's versatile energy portfolio. Hydropower is a cost efficient way to generate electricity; the power plants have low maintenance costs and a long life span.
 

Shareholdings

Pohjolan Voima Oy
Kemijoki Oy
Kainuun Voima Oy
Länsi-Suomen Voima Oy 

UPM Energy has shares in the hydropower plants of four Finnish energy companies,
along with eight own hydropower plants.

Condensing power

UPM’s condensing power plants produce electricity depending on the market situation. Most of the condensing power plants use coal, peat and biomass as their fuel.
 

Shareholdings

Pohjolan Voima Oy

UPM Energy owns shares of condensing power plants in Finland through its shareholding in Pohjolan Voima Oy. Most of the condensing power plants use coal, peat and biomass as their fuel.

Nuclear Power

CO2-free nuclear power has an important role in UPM's sustainable energy production scheme. UPM has a remarkable shareholdings in the energy company Pohjolan Voima Oy (PVO), which is a majority shareholder in nuclear power producer Teollisuuden Voima Oyj (TVO).
 

Shareholdings

Pohjolan Voima
Power plant unit Olkiluoto 3 EPR  

UPM Energy has shareholdings in the energy company Pohjolan Voima Oy, which is a majority shareholder in nuclear power producer Teollisuuden Voima Oyj (TVO).

The first nuclear power plant owned by TVO in Olkiluoto was completed in 1978. UPM is participating in the project to construct a third nuclear power plant unit, Olkiluoto 3 EPR, through the shareholding. 

 

 

​Power plants operated by UPM Energy

Renewable and flexible hydropower is an essential part of UPM's versatile energy portfolio. UPM Energy has eight hydropower plants in Finland. In addition, UPM Energy operates Länsi-Suomen Voima's Hajavalta facility.

 

Kallioinen

Location: Sotkamo, some 600 km from Helsinki
Products: hydro power
Founded: 1957
Certification: Environmental Management System ISO 14001
Address: UPM Kallioinen, Kallioisentie 20 B. FI-88640 Sotkamo, Finland

Voikkaa

Location: Kouvola, some 140 km from Helsinki
Products: hydro power
Founded: 1962
Certification: Environmental Management System ISO 14001
Address: UPM Voikkaa hydro power plant, Myllykalliontie 97, FI-45810 Pilkanmaa, Finland

Katerma

Location: Kuhmo, some 585 km from Helsinki
Products: hydro power
Founded: 1950
Certification: Environmental Management System ISO 14001
Address: UPM Katerma, Voimalantie 102, FI-88900 Kuhmo, Finland

Äetsä

Location: Äetsä, some 195 km from Helsinki
Products: hydro power
Founded: 1920
Certification: Environmental Management System ISO 14001
Address: UPM Äetsä, Voimalaitoksentie 62, FI-32740 Äetsä, Finland

Kaltimo

Location: Joensuu, some 460 km from Helsinki
Products: hydro power
Founded: 1958
Certification: Environmental Management System ISO 14001
Address: UPM Kaltimo, Voimalaitoksentie 300, FI-81200 Eno, Finland

Tyrvää

Location: Sastamala, some 200 km from Helsinki
Products: hydro power
Founded: 1950
Certification: Environmental Management System ISO 14001
Address: UPM Tyrvää, Hartolankoskentie 100, FI-38210 Sastamala, Finland

Keltti

Location: Kouvola, some 130 km from Helsinki
Products: hydro power
Founded: 1939
Certification: Environmental Management System ISO 14001
Address: UPM Keltti, Niskalantie 341, FI-45700 Kuusankoski, Finland

Kuusankoski

Location: Kouvola, some 135 km from Helsinki
Products: hydro power
Founded: 1946
Certification: Environmental Management System ISO 14001
Address: UPM Kuusankoski hydro power plant, Patosillantie 3, FI-45700 Kuusankoski, Finland

Harjavalta

Länsi-Suomen Voima Oy, UPM operated power plant
Location: Harjavalta, some 220 km from Helsinki
Products: hydro power
Founded: 1939
Certification: Environmental Management System ISO 14001
Address: UPM Harjavalta, Voimalaitoksentie 70, FI-29200 Harjavalta, Finland