Delivering at scale in the Nordic energy transition
Electrification and industrial investments are driving growth in Nordic electricity demand. As the need for modern, resilient power systems continues to increase, VEO is already delivering on all fronts and equipped to scale further.
Across Finland, Sweden and Norway, investments in power generation, grid infrastructure and industrial electrification continue to increase, reinforcing the region’s long-term energy transition.
“Forecasts differ in scale, but even the more conservative ones indicate a significant increase in electricity demand over the next decade. That translates into larger, more complex projects throughout the power system, and delivering those projects is exactly what we are built for,” says Jakob Lövdahl, Vice President, Sales and Marketing at VEO.
Designed for demanding projects
As projects grow in size and technical complexity, customers increasingly seek partners capable of taking overall responsibility for a fully functioning system.
“Customers increasingly seek partners capable of taking overall responsibility.”
“We have long been a trusted partner in hydropower, wind power and grid projects,” says Lövdahl. “Now we see the same role emerging in newer industries such as data centres and energy storage. The system logic is the same: complex interfaces, high reliability requirements and no room for error.”
In many of these projects, VEO delivers full balance-of-plant solutions, taking responsibility for overall system integration. This reduces interface risks and ensures performance from design to commissioning.
“The more demanding the project, the better suited we are to deliver it. Complexity is not a challenge for us, it is where we add the most value for our customers,” Lövdahl continues.
Technologies tailored for the energy transition
As an independent system integrator, VEO combines its own technologies with those of others to deliver optimal solutions for each project. When existing technologies do not fully meet new system demands, the company develops new ones.
“We aren’t developing technology just for the fun of it,” says Lövdahl. “We respond to real gaps in the market. The market evolves, and we evolve with it.”
“We aren’t developing technology just for the fun of it – we respond to real gaps in the market.”
This approach has, for example, led to the development of VEO’s air-insulated VECTOR 36 kV switchgear, designed to meet the demand for this voltage level in renewable energy projects and other industrial projects. It has also resulted in the hybrid turbine governor, eHPG, which combines hydropower with energy storage functionality and enhances reserve capacity while reducing mechanical stress in the turbine.
Beyond individual components, VEO is also expanding its system-level capabilities. SCADA-based control room solutions are increasingly integrated into projects, enabling centralised monitoring, enhanced operational control, and faster decision-making.
Supporting customers in the long run
VEO’s strength lies in its ability to deliver complete solutions across the entire energy system, from generation to distribution and consumption. This has positioned the company as a trusted partner in the Nordic markets, built not only on technical competence but on its ability to act as a system-level integrator delivering fully functioning systems.
“Our growth hasn’t altered how we work; it has reinforced it,” says Lövdahl. “We bring together the resources of a large organisation with the cooperation and quick response times of a smaller one.”
“We combine the capacity of a large organisation with the cooperation and quick response times of a smaller one.”
This mindset extends throughout the project lifecycle. Through a strengthened lifecycle function, VEO remains involved well beyond commissioning. “We want to stay close to the customer, not only when everything runs smoothly, but also when challenges arise. That’s how we build long-term partnerships.”
Looking ahead, Lövdahl sees continued solid growth across the Nordic markets. “The demand is clearly there. Our focus is to strengthen our market position and organisation so we can keep supporting our customers as the Nordic energy transition accelerates.”
Jakob Lövdahl
Vice President, Sales and Marketing
