Elvy Secures €500M For Its Next-Gen Energy Solution

The monthly subscription model removes the need for large upfront costs and includes solar panels, heat pumps, and home battery systems.

Elvy delivers fully integrated home energy solutions combining smart hardware, professional installation, maintenance and customer support to help households lower both energy bills and emissions as the company expands across Sweden.

Its AI-powered energy engine continuously monitors and optimises household generation and consumption, ensuring efficient use of renewable energy under a simple fixed monthly fee.

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Elvy’s CEO and co-founder, Johan Outinen, says the company’s mission goes beyond technology. Instead, the core focus is on delivering peace of mind for homeowners by offering reliable, hassle-free, and cost-efficient home energy solutions.

Our customers want heating, warm water, and reasonable electricity costs. It shouldn’t require big investments or that they become energy experts in their free time to optimise energy consumption.

With electricity prices continuing to fluctuate across Europe, homeowners are increasingly seeking solutions that provide cost stability as well as environmental benefits. Elvy’s subscription model aims to help households reduce grid dependence, cut long-term energy costs and enhance sustainability and even property value while removing the upfront barriers typically associated with modern energy upgrades.

Backed by the €500 million financing package, Elvy plans to make its energy systems accessible to tens of thousands of households and scale its capacity to onboard up to 15,000 new customers.

About Elvy

Elvy Founded in 2023 is a new type of energy provider focused on putting homeowners first. Instead of complex decisions and costly investments, Elvy offers an all-in-one subscription that covers a home’s full energy needs year-round. With a fixed monthly price and long-term guarantees, homeowners get warmth, stability and a worry-free energy solution.