THE NORDIC LEADER IN ENERGY TECHNOLOGY

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1 THE NORDIC LEADER IN ENERGY TECHNOLOGY

2 PASSION FOR ENERGY

3 Finnish economical well-being derives from a strong export. From the golden age of the forest industry to triumphant mobile technology, we have all stood by our strategic strengths. We have done it together, and that has been our key to success. So, what s next? As the world energy market is reaching a breaking point, it s time for Finland to grab the opportunities of this rapidly expanding industry. The quest for environmentally sustainable solutions has made cleantech hotter than ever. Energy production is one of the greatest causes for CO 2 emissions and thus the entire industry has some serious rethinking to do. EU objectives state that CO 2 emissions should be decreased by 20 % before 2020 and by 40 % before It s safe to say that the clean trend is here to stay. VAASA REGION ENERGY CLUSTER, ENERGYVAASA CONSISTS OF 140 COMPANIES THAT EXPORT PRODUCTS AND SOLUTIONS TO THE FOUR CORNERS OF THE WORLD, SIMULTANEOUSLY BRINGING HOME A SIGNIFICANT PART OF FOREIGN ENERGY TECHNOLOGY INVESTMENTS. With a turnover of over 4.4 billion EnergyVaasa is already responsible for 12 % of Finnish technology exports and 30 % of total Finnish energy technology exports. THE CLEANTECH INDUSTRY IS CERTAINLY IMPORTANT TO FINLAND, BUT WHAT KIND OF GROWTH PLATFORM IS FINLAND OFFERING THESE COMPANIES IN RETURN? The worldwide energy revolution creates possibilities for those who operate on a higher technological level and navigate the global marketplace with ease. Unique knowledge has secured EnergyVaasa s position as a powerful player. Our increasingly effective, functional and environmentally friendly solutions enable smarter energy production, transmission, distribution and usage. Although there is a thirst for new solutions, they cannot be created without determination and sufficient resources. In eight years ( ) the EnergyVaasa companies have tripled their R&D spending and doubled their R&D personnel. Investments are also constantly being made to develop sales, marketing and education. Each day 2,000 individuals go to work, ensuring that EnergyVaasa will continue to offer competitive products. No wonder the Vaasa region has become Finland s leading R&D hub. The EnergyVaasa companies already believe in the future our task is to ensure that future generations share our passion and become the valued experts of tomorrow.

4 WELCOME TO THE LARGEST ENERGY CLUSTER IN THE NORDIC COUNTRIES MORE THAN TOTAL BUSINESS TURNOVER SOME BILLION EUR ANNUALLY BUSINESSES, SEVERAL OF WHICH ARE GLOBAL MARKET LEADERS IN EXPORT THEIR FIELD RATE OVER 80%

5 WE PUSH FINNISH EXPORTS 30% 30% VAASA REGION TECHNOLOGY EXPORT (% of total Finnish technology exports) 25% 20% VAASA REGION ENERGY TECHNOLOGY EXPORT (% of total Finnish energy technology export) 15% 12% 10% VAASA REGION POPULATION (% of Finnish population) 5% 2% 0% A STUNNING 30% OF FINLAND S TOTAL EXPORT IN ENERGY TECHNOLOGY CURRENT NUMBER OF EMPLOYEES: 11,000 25% OF TOTAL MANPOWER IN THE FIELD OF ENERGY IN FINLAND

6 HIGH TECH CLEANTECH FOR THE GROWING WORLD ENERGY MARKET The EnergyVaasa companies develop and manufacture technology for a cleaner world a world where energy is produced with minimal environmental impact and energy efficiency is maximised.

7 140 COMPANIES The EnergyVaasa companies supply a wide range of products and services for renewable energy production and energy efficiency. Below are some of the business areas that are represented in the cluster. RENEWABLE ENERGY SOLUTIONS SMARTGRID SOLUTIONS SMART POWER GENERATION G ENERGY EFFICIENT INDUSTRY ENERGY EFFICIENT BUILDINGS ENERGY EFFICIENT MARINE SOLUTIONS FIND OUT MORE ABOUT THE CLUSTER AND THE COMPANIES AT: ENERGYVAASA.FI SUPPORTING UNIVERSITIES AND ORGANISATIONS FOSTERING FUTURE EXPERTS, CREATING CONNECTIONS AND CONTRIBUTING TO R&D University of Vaasa, Åbo Akademi University, Hanken School of Economics, University of Helsinki, VAMK University of Applied Sciences, Novia University of Applied Sciences, Vaasa Region Development Company VASEK, Technology Centre Merinova, Ostrobothnia Chamber of Commerce, The Regional Council of Ostrobothnia

8 ABB Finland develops many of the core product segments and technologies of the ABB Group. We also have strong research cooperation with clients, companies, schools and research communities. The past five years our R&D investments have grown from 132 million to 204 million euros in At the moment ABB is the second largest researcher in Finland. HEIKKI UUSITALO, CTO AND DIVISION MANAGER, ABB FINLAND

9 R&D X3 The R&D investments of the companies in the Vaasa region have almost tripled during the last few years. This shows that the companies and their owners believe that there is a growing market that will give a return of investment. It also makes it easier for the rest of us to look positively on the future. ROBERT OLANDER, MARKETING DIRECTOR, MERINOVA 200 M 180 M 160 M SINCE 2008 R&D INVESTMENTS HAVE CREATED 1,390 NEW JOBS 164,0 M 140 M 140,0 M 152,5 M 120 M 126,0 M 100 M 80 M 1,000 PERSONS 93,0 M IN ,000 PERSONS WERE WORKING IN R&D. 33 % OF THEM HAVE AN ACADEMIC BACKGROUND. 2,000 PERSONS 60 M 62.6 M

10 VAASA SETS THE EXAMPLE The MOST ENERGY EFFICIENT PUBLIC BUILDINGS in Finland. A WASTE-TO-ENERGY PLANT produces 20 % of the district heating in the winter and 100 % in the summer. World-class SMARTGRID KNOWLEDGE is used in unique projects. Thanks to a biogas reactor, THE WORLD S LARGEST CONVERTED COAL FIRED POWER PLANT now uses 40 % biofuel. Vaasa was AMONG THE FIRST TO TURN WASTE INTO BIOGAS in Europe. Finland s FIRST LOW ENERGY NETWORK utilises heat from local sea bed sediments. The region s energy technology industry has CREATED 1,390 NEW JOBS in The OUTSTANDING REFINEMENT VALUE of the local energy industry is #1 in Finland by a good margin. In 2012 the Vaasa region received A NATIONAL AWARD (Environmental Deed of the Year) FOR SAVING 1 % OF FINLAND S ENTIRE CO 2 EMISSIONS.

11 VAASA IS THE ENERGY CAPITAL OF FINLAND Finland s leading cleantech industry exists in the midst of unique nature. The region s 13,000 students specialise in international business and energy technology. New businesses come into being, innovations enable the extraordinary and people dream up new ideas. No wonder people find living in the Energy Capital fantastic. COME AND JOIN OUR SUCCESS STORY! FAST FACTS ABOUT THE VAASA REGION It has 110,000 inhabitants The Kvarken archipelago is one of the World s Wonders. Finland s only UNESCO Natural World Heritage Site is listed right next to the Great Barrier Reef! It has a rich culture scene. Of all the cities in Finland, Vaasa makes the largest culture investments per capita. It has two official languages (Finnish, Swedish) but is highly cosmopolitan with over 100 languages spoken every day. A TOP 5 CITY When it comes to employment, innovation and vitality. INTERNATIONALLY CONNECTED The Vaasa region has been exporting since the days of the seafarers. These days exports range from big diesel engines and generators to small electronic parts. LIVELY LOGISTICS The Vaasa region has the world s northmost year-round port, one of Finland s liveliest airports, an extensive road network and an electrified railway line.

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18 ENERGYVAASA FIELD NOTES You know, this isn t just any little black book. We call it Field Notes, because the best ideas usually emerge as you step out of the comfort of your office. The pages are designed to fit every kind of idea - the written consideration, the illustrated game plan, the nightly vision and the unreadable evidence of an epic brainstorming session. So go on, set your pen loose. Make this little black book your most trusted travel companion. Before you turn the last page, your humble field notes might have turned into big ideas. PS. When you run out of Field Notes, you can always stock up at the annual EnergyWeek event in Vaasa! WANT TO KNOW MORE? energyvaasa.fi facebook.com/energyvaasa linkedin.com/company/energyvaasa twitter.com/energyvaasa