Fingrid Oyj - Company Profile
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Business Description
Fingrid Oyj (Fingrid) transmits electricity through a high-voltage transmission system. It serves electricity producers, market parties, industrial enterprises, and regional and distribution network companies. The company serves distribution system operators, electricity producers, industries consuming electricity, balance responsible parties, and other electricity market operators.
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R&D Overview
Fingrid’s R&D initiatives focus on addressing challenges from energy transition, enhancing operational quality and cost-efficiency, and developing new expertise. The company invests two to four million euros annually in R&D projects, with only a third conducted in-house. The remaining projects are outsourced to universities, research institutes, consultants, and other partners. The R&D portfolio comprises approximately 50-70 projects aligned with strategic development themes. Collaboration with customers, stakeholders, service providers, and start-ups is emphasized to foster innovation and synergy. The company also engages in Nordic and European research cooperation to tackle common challenges and advance the industry. The R&D unit of the company is responsible for managing the company's research and development activities. Its role includes responding to new challenges from the energy transition, improving operational quality and cost-efficiency, and fostering new expertise. The unit coordinates with external partners such as universities, research institutes, and other organizations to execute R&D projects. In FY2025, the company spent EUR3.8 million on R&D, which as a percentage of revenue, stood at 0.3%
Business Segments
Overview
Involves national balance management, imbalance settlement, and market development activities. It serves the electricity market by managing reserves and imbalance power.
Performance
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Overview
Involves the development and maintenance of Finland's main grid, connecting new production and consumption to the network, electricity transmission, grid operation, and the development of unified electricity markets.
Performance
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Overview
Include the company's other statutory public service obligations that include peak load capacity services and guarantee-of-origin services for electricity.
Performance
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Other Break-up
- Congestion Income
- Datahub Income
- Grid Service Revenue
- ITC income
- Other Operating Income
- Sales of Imbalance Power
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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