Ellevio published its year-end report for 2016 today. The major investment programme initiated in 2015 and intended to secure a reliable electrical infrastructure in Sweden for today's and tomorrow's customers continued during 2016.
The investments in the power grid rose by 22 percent to SEK 2,076 million. Sales totalled SEK 6,537 million and operating profit SEK 1,929 million. During the past year, Ellevio gained approximately 6,000 new customers, and by the end of the year, had approximately 918,000 customers. It is primarily Ellevio’s network area in Stockholm that has seen major growth and where many new housing units are being built.
“During 2016, we continued the investment programme for ensuring a reliable power networ able to handle the transition now underway in society towards renewable energy, digitalisation, electrification of the transport sector and continued urbanisation,” says Ellevio’s CEO Johan Lindehag. “This programme is our most important undertaking as a company. The power grid fulfils a fundamental function in society and is a prerequisite for societal development.”
During the past year, Ellevio has made substantial investments in all grid areas – Dalarna/Södra Norrland, Västra Svealand, Västkusten and Stockholm. In rural areas, it has been a matter of renewal and continued system weatherproofing, a job that was begun after the big winter storm “Gudrun”, 12 years ago. The focus in Stockholm has been on renewal and capacity enhancement to meet the needs of the dramatically growing city.
“A positive effect of Ellevio’s investments is that they are producing many jobs in all of our network areas,” says Johan Lindehag. “We have more than 400 employees at Ellevio and create jobs for another approximately 3,000 people through the contractors working on our power network projects.”
Other important events during the year
Development towards more renewable electricity in the power system continued during 2016, both on smaller and larger scales.
“During the year, we connected four wind power parks to our power grid – Sättravallen and Långmarken in Kristinehamn, Sörby in Ljusdal and Iglasjön in Kungsbacka,” says Johan Lindehag. “An additional 331 customers began producing their own electricity by installing solar panels, which is an increase of 49 percent during 2016.”
The development project in Norra Djurgårdsstaden in Stockholm reached a new milestone, where Ellevio – along with a number of other companies and with support from the Swedish Energy Agency – is testing new technical solutions for the power grid. The Smart Energy City project was initiated in November when 150 families moved into flats in which they will be able to monitor and control their energy consumption in real-time. One goal is to gain insight into how smart power grids can support the development of smart, sustainable cities. Ellevios network station in Norra Djurgårdsstaden also received a gold medal in American Architecture Prize 2016. The station combines design with functionality and visualises the area’s electricity consumption for people who are passing by.
The collaborative project Stockholm Data Parks was also launched, which enables large-scale data facilities to establish in Stockholm. This is a unique cooperation project between Ellevio, the City of Stockholm, Stockholm Business Region, Stokab, and Fortum Värme.
The Ellevio Group made its first acquisition in November when the purchase of Nynäshamn Energi AB from the Kraftringen Group was finalised. The purchase of Nynäshamn Energi further strengthens Ellevio’s presence in the Stockholm region and there are natural synergies within the power grid in the area. Nynäshamn is an exciting and expansive area. Among other things, the port is being developed into a new logistics hub for the growing Greater Stockholm and Mälardalen region.
Download the complete Report here.