Globally, communities are in the midst of an energy transition, including the electrification of industries and the transport sector. The goal is to combat climate change by phasing out fossil fuels.

In Sweden, electricity companies need to make substantial investments in infrastructure to accommodate the increased demand for power and changing consumption patterns resulting from electrification. Ellevio, one of Sweden’s largest electricity distribution companies, secured financing from SEK in late 2024 to meet its growing investment needs. Ellevio owns electricity networks in central and southern Sweden and distributes electricity to nearly 1 million customers.

By securing electricity distribution, the global competitiveness of Swedish companies can be strengthened, particularly in energy-intensive industries and the technology sector, where a stable energy supply is crucial for productivity and cost efficiency.

“Ellevio plays a central role in the energy transition, and thus for future exports. We at SEK are very pleased to contribute with two green loans of Skr 1.5 billion under Ellevio’s green financing framework,” says Peter Odefalk, Senior Client Executive, Large Corporates, SEK.

With this deal, Ellevio becomes a new customer of SEK, which has over 200 Swedish export companies in its client portfolio. 

Did you know?
The electricity grid needs to be upgraded and expanded at all levels to handle nearly double the power demand over the next 20 years and changing consumption patterns. This is according to a report (in Swedish) from Ellevio and Sweco published in March 2025. The report builds on a previous report (in Swedish) from 2023, which shows that the investment needs in Sweden’s electricity grid will range from SEK 890-945 billion between 2021 and 2045.