Our history

For us, it is important to keep our origins in mind.

Ellevio's family tree stretches back all the way to the 1600s. This is when hydropower was first utilised to make work more efficient in so-called mill towns and factory towns. Uddeholms Bruk, Billeruds Bruk and Kraftaktiebolaget Gullspång-Munkfors are all part of our history in one way or another. We also have a valuable presence in Sweden's capital owing to Stockholm Energi, which started electrifying Stockholm at the end of the 19th century. And, even today, our history is markedly apparent; we have our head office in Stockholm, a bustling office in Karlstad, and employees in dozens of other towns and cities.

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Year

Milestone

2021

we acquire the energy group Edbsyns Elverk, with approximately 4,000 electricity network customers.

we begin the rebuilding of the switchyard Värtan in Hjorthagen, Stockholm. The project is the most complex and largest station project we have ever completed and will run until 2026.

we receive three fine awards as employers. Partly the award as Sweden's most attractive employer from the Key Figures Institute, partly Hold Nollan's work environment award for our security work and finally the award as Career Company, by the Career Companies.

2020

we acquire Hamra Besparingsskog electricity grid and get about 500 new customers.

we launch our largest project ever; the new cable between Beckomberga and Bredäng in Stockholm.

2019

we launch a new model to build more charging poles for electric cars. The concept makes it easier, faster and cheaper to get new charging places.

2017

we buy Elverket Vallentuna, which in September 2018 give us approximately 14,500 new customers and a number of new colleagues.

2016

we acquire Nynäshamn Energi, which in 2017 was integrated into Ellevio's operations.

2015

Fortum sells its electricity distribution business in Sweden to a consortium made up of Tredje AP-fonden, Folksam, Första AP-fonden and OMERS Infrastructure, former Borealis Infrastructure Management Inc. The new company is named Ellevio.

2002

Fortum acquires the remaining 50 % of Birka Energi, except for one part of the heating business where ¬the City of Stockholm is still a joint owner.

2000

Stora Enso acquires power assets in ¬Sweden and Finland and the company's regional electrical grid in Sweden. The regional electrical grid is acquired by Birka Nät while the power ¬assets are acquired directly by Fortum.

1998

Birka Energi is established through the merger of Stockholm Energi and Gullspångs Kraft. This new company is equally owned by the City of Stockholm and Fortum.

1998

Fortum is established through the merger of IVO and the Neste oil and gas group.

1996

IVO (Imatran Voima Oy) acquires AGA's entire shareholdings, as well as the remaining shares in Gullspångs Kraft. Gullspångs Kraft acquires Skandinaviska Elverk in the same year.

1992

Merger between Uddeholms Kraft and Gullspångskraft. The company also acquires AB Hälsingekraft and Stora Kraft's distribution business in this year, resulting in a shareholding in Härjeåns Kraft through Stora Kraft.

1987

The Uddeholm Group is transferred to AGA. The subsidiary company, Värmlandsenerg, changes its name to Uddeholms Kraft and assumes Uddeholmsbolaget's corporate ID number.

1983

Vänerenergi is acquired by LRF, with over one hundred hydropower stations around Oskarshamn and Forsmark.

1982

Billerud and Uddeholm consolidate their power divisions in the jointly owned company Värmlandsenergi, headquartered in Karlstad.

1981

Gullspångs Kraft is publicly listed.

1951

Värmlands Ledningsaktiebolag is established, later named Värmlandskraft. The joint owners constituted Billerud, Rottneros, Karlstad, Mölnbacka-Trysil, Sundhagsfors and Uddeholm. The ambition was to coordinate the joint owners' production and power transmission.

1918

Gullspång acquires the majority shareholding in Örebro Elektriska AB. But it was not until 1963 that Gullspång-Munkfors and Örebro Elektriska merged under the new name of Gullspångs Kraftaktiebolag.

1906

Kraftaktiebolaget Gullspång-Munkfors is established by John Hedin. The company's headquarters were located in Mariestad and their first office was set up in Lidköping.

1902

Aktiebolaget Skandinaviska Elverk is founded to oversee the power stations owned by ASEA in central and southern Swedish cities.

1892

The city of Stockholm's first power station is built as a subsidiary of Gasverket.

1883

Billeruds Aktiebolag is founded with the goal of producing paper pulp at the sulphite factory in Säffle.

1873

AB Mölnbacka-Trysil is established through the merger of Mölnbacka Bruk and Trysils Skogsbolag.

1852

“Gaslysnings-Aktiebolaget” is established in Stockholm.

1724

The company Uddeholms Bruk is founded by Bengt Gustaf Geijer.

1668

Harald Pose and Johan Carlström establish a forge and foundry at Stjernfors, north of Uddeholm village along the Uvån river, where hydropower begins to be utilised at ironworks.

Text updated: 1 December 2021

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