Strategy

Capture growth in energy transition​
Enersense focuses on growth in energy transition by building wind and solar PV generation business, penetrating offshore wind foundation markets, and ramping up EV charging business. Opportunities in energy storage are also examined.

Develop and maintain efficient core business operations​
Continuous improvement of the end-to-end business operations are ensured in order to drive customer value, competitiveness and profitability. Smooth integration of acquired businesses is also ensured.

Ensure skilled people and expertise to make a difference​
The best expertise and competences for current and new businesses is built, and new talents are acquired to join the company to fill the identified gaps.​

Develop and accelerate Enersense way of working (eWoW)​
Company wide leadership principles, common operational model, and digitalized processes across the businesses are built to provide solid foundation for growth.​

Develop ESG as core of Enersense’s operations​
Environmental, social and governance targets and actions are developed and deployed in the core of business to foster responsibility, and to comply with regulatory, customer and investor requirements. In 2023, Enersense aims to create a carbon roadmap that gives guidelines to reaching carbon neutrality by 2030.

The energy transition and the green transition are global phenomena increasingly driven by stricter EU-level and national climate targets, the legislation and steering mechanisms related to the targets and the opportunities offered by clean, but at the same time competitive technologies. As a result of the recent changes in the geopolitical situation, much attention has also been paid to matters related to energy self-sufficiency, which also promotes the energy transition.

The climate targets and the related political and financial instruments steer investments towards energy systems based on low-emission and renewable energy. The energy transition is also driven by competitive energy production technologies, especially wind and solar power, which enable a cost-effective transition towards low emissions. The climate targets and renewable and local energy are also linked to energy self-sufficiency, and renewable energy sources can be used to end or reduce dependence on imported fossil fuels.

Energy and electricity production will be increasingly based on renewable energy sources, which means local and decentralised but also weather-dependent production. A sustainable and effective energy system calls for investments in energy production plants and transmission grids, as well as short- and long-term energy storage systems. Electricity production based on renewable energy enables the energy transition in other sectors through electrification and green hydrogen: the electrification of transport calls for charging infrastructure, emissions from industrial processes are cut through electrification or by using hydrogen instead of coal, and various heat pump solutions are used for heating buildings. In addition, industrial processes are being made more energy- and resource-efficient.

Energy systems and various end users – industry, transport and heating – will be even more closely linked together. The effective and reliable transfer of data between different sectors plays a key role in controlling, optimising and developing systems smartly and effectively. The up-to-date and reliable data transfer infrastructure of society is a key enabler of the energy transition, and its significance is highlighted during crises.

The ongoing transition is creating significant business opportunities for companies in different parts of the value chain, and the development will be accelerated by the level of ambition and goals, particularly in the EU and Finland. In the short term, uncertainty and risks may be caused by the general economic situation, inflation, geopolitical instability and their impact on the energy markets and systems.

Enersense provides services for all stages of the energy transition. Through the services that the company provides to its customers, it contributes to combatting climate change and has identified both opportunities and risks in this respect.

Opportunities related to the energy transition:

The implementation of the energy transition creates a huge need for investments in clean technology and a sustainable energy system (wind power, solar power, battery storage, green hydrogen, electricity transmission, carbon capture and electrification solutions related to processes, transport and heating as well as investments in energy efficiency). Increasing weather fluctuations increase pressure to strengthen critical infrastructure such as local energy production and energy transmission, as well as storage.

Risks related to the energy transition:

Changes in environmental, climate and energy regulations and legislation may cause uncertainty in customers’ investment behaviour and decision-making. Stricter regulations may also increase costs through increased reporting requirements, for example, and some customers’ business operations may decrease if the requirements related to regulations cannot be met. The purpose of climate regulations is to steer capital towards sustainable investments. Consequently, investments in companies that are not pioneers in environmental, climate and energy matters may decrease. Different requirements in different countries (e.g. EU vs. non-EU) have also been identified as a risk, particularly in terms of international procurement chains.