Ellevio Now and Then

The Ellevio brand was born in 2015, but our company has been around for much longer than that. The story begins as early as the 1600s, when hydropower began to be used in Swedish industrial towns. Today, we are one of Sweden's largest energy companies, with close to one million customers. Together, we take an active role in creating an electrified, sustainable society.

Ellevio Today

We continue to electrify Sweden

Electricity has simplified and improved our lives for more than 100 years, and Ellevio has been part of electrifying Sweden from the start. Today we stand before one of the largest transformations of society ever. Industry and transportation transform from fossil fuels to electricity, and digitalization continues. The electricity usage is expected to double by 2045. As one of Sweden’s largest electricity infrastructure owners our responsibility is to enable and drive the continued electrification of Sweden. And thereby reach our vision of a bright and sustainable future.

Short facts:

Our operations include electricity network services to private and business customers, new connections for e.g. wind and solar power parks, and solutions for electric vehicle charging
We have 730 employees and employ a total of 3,000 people around the country through our network investment projects
Our electricity network is over 80,000 km long, which corresponds to almost two turns around the earth
Our network customers are located in seven counties: Dalarna, Gävleborg, Värmland, Örebro, Västra Götaland, Halland and Stockholm
2023 our net sales was SEK 8,231 million

Ellevio AB (publ) is a public company with its head office in Stockholm. We are owned by the pension managers OMERS Infrastructure, the Third Swedish national pension fund, Folksam and AMF.

Ellevio's History

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

Ställverket Värtan i Hjorthagen i Stockholm. Som det såg ut en gång. — The Värtan switchgear in Hjorthagen in Stockholm. As it once looked.

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.

2023	The new 12-kilometre-long "motorway for electricity" between Beckomberga and Bredäng is inaugurated in Stockholm. New electrical cables have been buried in the and laid on the bottom of Lake Mälaren. The multi-year work to install second-generation smart electricity meters at all customers is completed. The Group establishes itself in Norrbotten when Ellevio Holding 1 AB acquires Markbygden Net. The Electricity Grid Report 2023, produced by Sweco on behalf of Ellevio, estimates the need for electricity grid investments to be almost SEK 1 billion by 2045. At the same time, electricity consumption in Sweden is expected to more than double.
2022	We get a new owner as the Swedish occupational pensions company AMF acquires 12.5 percent of the shares. AMF acquires its share from Första AP-fonden. The business area Ellevio Energy Solutions is launched, which will help companies convert to electrified, fossil-free operations. Ellevio Energy Solutions AB, a sister company to Ellevio AB, runs the business.
2021	We acquire the energy group Edbsyns Elverk, with approximately 4,000 electricity network customers. We begin the rebuilding of the primary substation 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 employer – the award “Sweden's most attractive employer” from the Key Figures Institute, Håll Nollan's work environment award for our security work and the award as Career Company, by Karriärföretagen.
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. The project is a part of our work to strengthen and modernise the electricity network to meet future electricity needs.
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.
2018	We join, as the first energy company in Sweden, the construction industry's safety initiative “Håll Nollan”. The initiative has a clear goal of reducing the number of workplace accidents on construction sites, a goal that goes hand in hand with our goals and vision. We sign an agreement with GodEl, who will be the default electricity supplier for our moving customers. The collaboration means, among other things, that customers are offered one of the market's best prices for eco-labelled electricity.
2017	We buy Elverket Vallentuna, which in September 2018 give us approximately 14,500 new customers and several 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 percent 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, Värmlandsenergi, changes its name to Uddeholms Kraft, with Uddeholmsbolaget's corporate ID numbe.
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.

Kolonilotter vid ställverket. — Allotments at a switchgear in Stockholm.

Facts about Ellevio

The Group has two business areas: electricity distribution and energy solutions.
Electricity distribution is operated within Ellevio AB, which owns electricity grids in central and southern Sweden and thus distributes electricity to almost one million customers, of which about 86 percent are households.
24.2 TWh of electricity was delivered through Ellevoi's grid in 2023 and the delivery reliability was 99.99 percent.
Ellevio AB also connects new wind and solar power and works with new industrial establishments and offers solutions for charging electric vehicles.
The Energy Solutions business area is run by Ellevio Energy Solutions AB and offers solutions in charging infrastructure, energy storage, backup power and complete electric power solutions to business customers.
The Group has 730 employees and employs a couple of thousand people around the country by running electricity network projects with the help of contractors.
Ellevio has a strong and inclusive corporate culture with the values of reliability, commitment and development as guiding principles. The company has received several years of attention for being an attractive employer.
Ellevio's electricity grid is 83,600 kilometres long – over two laps around the world!
The electricity network customers can be found in:
- Dalarna
- Värmland
- West Coast (Halland & Bohuslän)
- Skaraborg-Närke
- Gävleborg (Hälsingland & Gästrikland)
- Stockholm (City of Stockholm, Ekerö, Lidingö, Täby, Nynäshamn & Vallentuna)
In 2023, net sales were SEK 8.2 billion and in the same year, SEK 3.7 billion was invested in the electricity grids.
The owners are the pension managers OMERS Infrastructure, the Third Swedish National Pension Fund, Folksam and AMF.
Our largest offices are located in Stockholm and Karlstad, and smaller offices are located in Bollnäs and Kungsbacka, among other places.
Electricity network operations are regulated and supervised by an authority, the Energy Markets Inspectorate (Ei), which also decides how much we can withdraw in revenue from our customers.

The name Ellevio is not a real word. It can be read in several ways with different meanings. The main meaning is "electricity and supply" but also "we live with electricity". We want the name and our entire brand and visual identity to be perceived as warm, positive, present, reliable and at the same time innovative.

CONTACT

Switchboard: +46 8-606 00 00

E-mail: info@ellevio.se

OUR OFFICES

Stockholm, head office
Valhallavägen 203

Karlstad
Våxnäsgatan 10

Kungsbacka
Energigatan 19

We also have staff at a dozen other locations around our four network areas, including Arbrå, Torsby, Arvika, Idre and Borlänge.

POSTAL ADDRESS

Ellevio AB
Box 242 07
104 51 STOCKHOLM

DELIVERY ADDRESSES

Ellevio AB
Valhallavägen 203
115 53 STOCKHOLM

Ellevio AB
Våxnäsgatan 10
653 40 KARLSTAD

INVOICE ADDRESS

E-mail address for invoices: invoices-fe312046-2923@vismabpo.se

Ellevio AB
XX2923
FE312046
737 83 FAGERSTA

Information from Ellevio,

updated on 16 April 2024