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Caruna in 2022: the energy crisis raised costs and accelerated the ongoing energy transition

Caruna's operating environment deteriorated significantly in 2022 due to the extraordinary changes taken by the regulator in the middle of the regulatory period and a general increase in costs due to the energy crisis triggered by the Ukraine war. The Group's net sales from January to December amounted to EUR 484.6 (499.8) million, and it invested EUR 133.6 (140.1) million. Net sales before financial expenses decreased in comparison with the previous year. Net financial expenses amounted to 121.0, which is approximately 25 per cent of net sales.
News ·

Caruna to raise electricity distribution prices due to cost increases

Costs are rising at an increasing rate in Finland, and this also affects Caruna's costs. Electricity network construction has become more expensive, and the costs of energy losses have risen substantially this year. Interest rate levels are also higher. For this reason, the network service rates will rise from 1 January 2023.
Press release ·

Jyrki Tammivuori appointed CEO of Caruna as of 13 May 2022

Caruna’s Board of Directors has appointed Jyrki Tammivuori, M.Sc (Econ) CEO of Caruna as of 13 May, 2022. Tammivuori has been working for Caruna since 2015, first as CFO. Since 2018 Tammivuori has held the position of CFO and deputy CEO at Caruna. Tammivuori was appointed Acting CEO of Caruna in March 2022.
Press release ·

Caruna's Annual Report 2021 published

The Caruna Group (Caruna) Annual Report for 2021 has been published at caruna.fi/vuosiraportti2021. The Annual Report contains sections on Corporate Responsibility and Governance and, as separate pdf files, also the ESG indicator section that summarises number data, as well as the financial statements for 2021.
Press release ·

CEO of Caruna to change

Tomi Yli-Kyyny, CEO of the electricity distribution company Caruna, has announced his resignation to assume a new position outside Caruna. He will continue in his current position until 1 May 2022, ensuring a smooth transfer of duties and responsibilities to his successor.
Press release ·

A new organisation to support Caruna's updated strategy

Caruna's organisation and the composition of its Management Team are changing to align more closely with the company's updated strategy. The new organisation will consist of four units: Network Management and Operations, headed by Elina Lehtomäki; Customer Value and New Ventures, headed by Kosti Rautiainen; Company Services, headed by Jyrki Tammivuori; and People, Public Affairs and Regulation, headed by Noora Neilimo-Kontio. The company's Management Team will consist of CEO Tomi Yli-Kyyny and the four unit heads. Caruna's Change Management Office will be headed by Katriina Kalavainen.
Press release ·

Electricity solutions for specific needs: Cultivation with grow lighting in greenhouses uses a lot of electricity for the needs of growing

In Finland, the growing season is naturally short, but by using grow lighting, Finnish crops can be produced year round. Lighting that provides strength to growth is the biggest electricity user in a greenhouse, and annual usage can easily reach tens of thousands of megawatt hours. Electricity for the Juntti market garden will soon be delivered via their own Caruna primary substation
Article ·

Construction of Sinimäki primary substation and related 110 kV underground cable connection begins in Espoo – effects on traffic arrangements

In the next few years, a new substation will be built in Sinimäki to meet the needs of growing electricity consumption and to support Espoo's carbon-neutral strategy. An underground high-voltage cable of six kilometres will also be installed during the project to connect the substations in Leppävaara and Sinimäki.
Press release ·

A carbon-neutral future is the common goal of Espoo and Caruna – cooperation agreement signed

The City of Espoo and electricity distribution company Caruna Espoo Oy signed an agreement on strategic cooperation on March 31, 2021. The aim of the cooperation is to support Espoo's growth and carbon-neutrality targets with a strong electricity network that meets future energy needs, enabling clean energy solutions for Espoo residents and companies.
Press release ·