Small and big energy actions – Caruna as a company

Caruna Group includes two network companies: Caruna Oy, which operates mainly in rural areas, and Caruna Espoo Oy, which operates in urban areas.

Investors

Investors

Newsroom

Newsroom

Caruna in brief

We take care of electricity distribution and maintain, overhaul and build a weatherproof electricity network for approximately our 714,000 customers in South, Southwest and West Finland, the city of Joensuu, and the regions of Koillismaa and Satakunta.

We monitor the operation of the network around the clock to ensure we can provide our customers with safe and functional electricity distribution, hassle-free customer service, and reasonable prices.

A weatherproof, smart electricity network also creates the basis for an energy system of the futurein which digital services increase, transport is electrified, and consumers become energy producers. 

Caruna area

 

 Caruna Oy Caruna Espoo Oy 
Length of electricity network (kilometres)80 000 8 100 
Cabling rate on the low-voltage network (%)55 78 
Cabling rate on the medium voltage network (%)71 90 
Network length (metres/customer)165 35 
Cabling rate (%)60 81 
Investments in 2021 / resident (EUR)154,2 216 

 

Key figures

Key figures

Figure value

499,8

Figure description

Net sales, M€

Figure value

46,6

Figure description

Profit, M€

Figure value

140,1

Figure description

Investments, M€

Figure value

28,0

Figure description

Investments, % from net sales

Caruna electricity network

Caruna electricity network

Figure value

88 350

Figure description

Length of electricity network (km)

Figure value

714 000

Figure description

Customers

Figure value

ca. 20 %

Figure description

Share of electricity distribution in Finland

Figure value

99,9 %

Figure description

Security of supply

Our electricity network spans over 88,000 kilometres, which means you could run the cables from the very north of Finland to the south and back about 38 times.

Caruna includes two different distribution companies: Caruna Espoo Oy, operating mainly in urban conditions (Espoo, Kauniainen, Kirkkonummi and the centre of Joensuu), and Caruna Oy, mainly in rural areas (Western Finland, Central Uusimaa, Western Uusimaa, Southwest Finland, Satakunta, Southern, Central and Northern Ostrobothnia, and Koillismaa).

Kartta Carunan yhtiöiden alueista

Board of Directors

Caruna's Board of Directors is responsible for the Group's strategic development and for monitoring and steering the Group's business operations and governance. Our owners are the Ontario Teachers' Pension Plan Board and KKR, as well as the Swedish employment pension insurance company AMF and the Finnish pension insurance company Elo.

Board members

  • Matti Ruotsala, chairman
  • James Adam, board member
  • Andrew Furze, board member
  • Jouni Grönroos, board member
  • Shankar Krishnamoorthy, board member
  • Kerron Lezama, board member
  • Fredrik Lundeborg, board member
  • Laura Tarkka, board member
  • Deputy board members: Tara Davies, Filip Szopa and Charles Thomazi.

Management Team

  • Jyrki Tammivuori, CEO
  • Elina Lehtomäki, Network Management and Operations
  • Noora Neilimo-Kontio, CFO and deputy CEO
  • Kosti Rautiainen, Customer Value and New Ventures
Two cyclists photographed from above.

Strategy and values

We want to promote the electrification of transport, the increase in renewable energy generation, the creation of energy communities and the engagement of customers in the energy market.

Kuvassa mies ja nainen ovat keittiössä kokkaamassa.

Caruna's Year 2021

Annual Report, Governance and Financials

Carunan innovaatiotiimi Verneri, Matti ja Mika.

Innovations

Read more about Caruna's innovation team and what it does. Do not hesitate to contact us if you have an idea for a new solution for electrifying society!