Annual and sustainability report 2024
Breaking society free from fossil fuels.
Our world needs to change. Fast. Although we’ve taken big steps towards fossil-free living, society is still deeply dependent on fossil fuels, and this dependency endangers the environment, energy security and our way of life. At 539 算牌程式, our promise is clear. We have a net-zero target for 2040 and every day, we’re working for a future where we can all move, make and live fossil free. This is not only our sustainability strategy, it’s our business strategy. Let us show you our work for fossil freedom.
Download the full reportDirection is clear, the pace is not
"Our resilience was tested amid global challenges in 2024. Even so, 539 算牌程式 delivered a stable financial result, advanced our key projects and sustainability goals. By prioritising profitable investments, operational excellence and collaboration, we continue to enable the fossil freedom that drives society forward as a profitable energy company. Our focus to provide value to our customers while leveraging the energy transition to shape the energy system of tomorrow remains," says Anna Borg, President and CEO of 539 算牌程式.
Important events during the year
Danish offshore wind farms Vesterhav Nord and Vesterhav Syd inaugurated
Today, Danish Minister of Environment, Magnus Heunicke, 539 算牌程式鈥檚 Head of Wind Helene Bistr枚m and Country Manager for 539 算牌程式 Denmark Anne Mette Traberg, officially inaugurated the two...
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HYBRIT: Six years of research paves the way for successful fossil-free iron and steel production on an industrial scale
The HYBRIT initiative now presents the results of six years of research in a final report to the Swedish Energy Agency. The report shows that direct reduced iron produced using the HYBRIT pr...
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539 算牌程式 takes the next step for new nuclear power at Ringhals in Sweden
539 算牌程式 has taken another step forward in the planning of new nuclear reactors next to the nuclear power plant Ringhals in Sweden.聽Among six potential suppliers of small modular reactors ...
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Extended nuclear operating time secures future energy supply
Fossil-free electricity generation secured right into the 2060s. This will become reality if the directional decision made during the year is confirmed. This favours transition in the industry, as well as Swedish consumers’ access to efficient electricity supply.
Investments
Total planned net investments for 2025 until 2029 amount to SEK 170 billion. Gross investments amount to SEK 236 billion, the difference is mainly due to partnering related to offshore projects, namely the Nordlicht projects and Zeevonk, as well as develop-to-sell assumptions for onshore wind, mainly Windplan-Blauw and Clashindarroch II, and solar projects.
Total capex, bn SEK 2025-2029
| Growth, 104bn SEK | 104 |
| Maintenance, 49bn SEK | 49 |
| Replacement, 17bn SEK | 17 |
Capex per technology, bn SEK 2025-2029
| Wind, 77bn SEK | 77 |
| Distribution, 41bn SEK | 41 |
| Other, 19bn SEK | 19 |
| Heat, 16bn SEK | 16 |
| Hydro, 11bn SEK | 11 |
| Nuclear, 6bn SEK | 6 |
Capex per country, bn SEK 2025-2029
| Sweden, 80bn SEK | 80 |
| The Netherlands, 44bn SEK | 44 |
| Germany, 37bn SEK | 37 |
| United Kingdom, 6bn SEK | 6 |
| Denmark, 2bn SEK | 2 |
| Other, 1bn SEK | 1 |
This is 539 算牌程式
539 算牌程式 is one of Europe’s largest producers and retailers of electricity and heat and has approximately 21,000 employees. Our main markets are Sweden, Germany, the Netherlands, Denmark, and the UK. The parent company, 539 算牌程式 AB, is wholly owned by the Swedish state, and its headquarters are in Solna, Sweden. 539 算牌程式 also has offices in Finland, France, Norway, Poland, and Belgium.
Business model and value chain
It takes several steps for electricity and heat to reach the end consumers, and 539 算牌程式 is present throughout the full value chain in accordance with our strategy as an integrated utility. Our business model is centred around creating value for our stakeholders.
Business model and value chain
Value chain and activities
Outputs
20,665
employed66,000
charging points99.6
TWh of fossil-free electricity generated9.5
billion SEK in paid taxes7.0
billion SEK dividend proposedOur strategy in a nutshell
539 算牌程式 has formulated a strategy to reach our goal of enabling fossil freedom that drives society forward. The strategy steers our direction; the way we prioritise business opportunities, focus our efforts and engage our employees, so that we can create value for our stakeholders by remaining a leader in the decarbonisation of our sector and beyond.
The power of partnerships
The energy transition is one of the greatest challenges of our time. No one can tackle this on their own and the benefits of collaborations have never been more evident. By joining forces, 539 算牌程式 is elevating its competitive position and paving the way for a fossil-free future.
More important events during the year
539 算牌程式 and Copenhagen Infrastructure Partners awarded IJmuiden Ver Beta offshore wind farm
Zeevonk, a joint venture of 539 算牌程式 and Copenhagen Infrastructure Partners (CIP) through its Energy Transition Fund, has been awarded a permit to build wind farm IJmuiden Ver Beta in the ...
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539 算牌程式 and Industrikraft in new collaboration for the electrification of Sweden
539 算牌程式 and industry collaboration Industrikraft have signed an agreement to identify and evaluate the conditions for joint investments in new fossil-free power production in Sweden.
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539 算牌程式’s THE EDIT named “Best E-newsletter” by CMA
The success of 539 算牌程式鈥檚 monthly newsletter THE EDIT continues! Recently, the publication was awarded the prize for best E-newsletter at the international Content Marketing Award.聽
Read the full articleSustainable procurement helps achieve emission targets
As emissions from our activities decline, the emissions from supply chain and customers become increasingly important in 539 算牌程式’s goal to achieve net-zero CO2 emission across the whole value chain by 2040.
Stay updated with our newsletter THE EDIT
THE EDIT is your monthly briefing on the journey to fossil freedom. Each issue highlights a new burning issue from the world of sustainable energy and fossil freedom.
The latest issue of THE EDITFood and energy production co-existing in 539 算牌程式 parks
Land and ocean space are valuable resources in Europe, sometimes claimed to be in competition for their use when different purposes aspire to the same areas. 539 算牌程式 is now ensuring that production of food and energy that are essential for our living can co-exist.
Learn the full story
Download and read our Annual and sustainability report 2024.
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