Utility infrastructure company Nevel has completed a deal with the Municipality of Eda in Sweden to acquire Eda Energi AB, which is owned by the municipality. As a result of the acquisition, district heating customers in Eda will benefit from more efficient resource use and improved processes in heat production and distribution.
Eda Energi AB’s business activities consist of the operation, maintenance, distribution and sales of district heating services. The district heating network in Eda serves 130 municipal, industrial and private customers. The annual volume of energy sold is 9 GWh.
The acquisition brings a wide variety of benefits for district heating customers in Eda and enables Nevel – which operates 40 district heating networks in Sweden, Finland and Estonia – to provide a more comprehensive local energy distribution offering. Since 2022, Nevel has been contributing to more sustainable energy production in Eda through its facility in Åmotfors, which annually produces 9 GWh of energy for industrial and municipal customers, including Nordic Paper.
“Eda Energi will become an important part of Nevel. Thanks to our experience in owning and operating district heating networks, district heating customers in Eda will benefit from synergies throughout the entire value chain, from technology development to fuel procurement, maintenance and operations. In the long term, Nevel will contribute to more efficient district heating in Eda Municipality through continuous improvements,” says Peter Bäckström, Director, Real Estate solutions business, Nevel.
“We are pleased that Nevel takes a holistic approach to both energy production and distribution in Åmotfors. For Eda Energi AB’s customers, this means a stronger and more cohesive solution, with better opportunities to optimise energy efficiency in a sustainable way in the long term,” says Hanna Andersson, Chairman of the Municipal Executive Board, Eda Municipality.
The delivery of district heating to customers will continue as normal.
For more information, please contact:
Peter Bäckström
Director, Real Estate solutions business, Nevel
peter.backstrom@nevel.com
+46 76 141 4416
About Nevel
Nevel is a utility infrastructure company offering advanced industrial and real estate infrastructure solutions that are fit-for-purpose and future-proof. Committed to climate-positive growth, Nevel drives societal impact by co-creating local circular economies and driving transformation to CO2 carbon-neutral energy production. Nevel serves almost 100 industrial and over 5,000 real estate customers with decentralised energy and circular economy solutions. The company operates more than 130 energy production sites and manages over 40 district heating networks. Nevel has an annual turnover of EUR 150 million, and employs 190 experts in Finland, Sweden and Estonia.
Nevel acquires Eda Energi AB in Eda Municipality.
Illustrative photos from Nevel.
