Added Value from Sustainable Energy Business (ARVO)

The goal of the ARVO project is to ensure that investments in the green transition take root in regional business ecosystems in a way that generates added value and new growth business. This will be achieved by producing knowledge on how added value is created, the regional factors influencing it, and the entrepreneurship connected to it, as well as by building networks and ensuring continuity of activities.

Funders

https://www.google.com/url?sa=i&url=https%3A%2F%2Fstek.fi%2Fmika-stek%2Flataa-stek-logoja%2F&psig=AOvVaw2u1Eh_ponQKL2Jhjeu9Sks&ust=1749205781393000&source=images&cd=vfe&opi=89978449&ved=0CBQQjRxqFwoTCPCav86J2o0DFQAAAAAdAAAAABAJ
https://www.ouka.fi/
https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.facebook.com%2Fraahenseudunkehitys%2F&psig=AOvVaw1_INyUpGe_QxOYDmRBlnTW&ust=1749471543168000&source=images&cd=vfe&opi=89978449&ved=0CBEQjRxqFwoTCLjuwMTn4Y0DFQAAAAAdAAAAABAE
https://haapavesi-siikalatva.fi/wp-content/uploads/2021/09/haapavesi-siikalatva_logo-r.png
https://www.google.com/url?sa=i&url=https%3A%2F%2Fkiertonet.fi%2Fmyyjat%2Fhaapajarven-kaupunki&psig=AOvVaw1PUEGdUJEK_mlhe1tW0TfO&ust=1749471797208000&source=images&cd=vfe&opi=89978449&ved=0CBEQjRxqFwoTCND2nb3o4Y0DFQAAAAAdAAAAABAE
https://www.nivala.fi/
https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.vaala.fi%2Fhallinto-ja-paatoksenteko%2Ftietoa-vaalasta%2F&psig=AOvVaw2BiDcxbQOKPc3m8BmcdYOB&ust=1749472035831000&source=images&cd=vfe&opi=89978449&ved=0CBEQjRxqFwoTCJCTxujp4Y0DFQAAAAAdAAAAABAK
https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.oulu.fi%2Fen%2Funiversity%2Fkerttu-saalasti-institute&psig=AOvVaw1aI2R0IgqQk-R4aMbj1hhz&ust=1749206003172000&source=images&cd=vfe&opi=89978449&ved=0CBQQjRxqFwoTCPiVk6eK2o0DFQAAAAAdAAAAABAS
ristikko

Project information

Project duration

-

Funded by

European Structural Funds - European Regional Development Fund (ERDF)

Project funder

The Electrical Engineering and Energy Efficiency Promotion Centre STEK ry
City of Oulu
Raahen Seudun Kehitys (Development of the Raahe Region)
Haapavesi-Siikalatva Regional Development Centre
City of Haapajärvi
City of Nivala
Municipality of Vaala
University of Oulu Kerttu Saalasti Institute

Funding amount

900 005 EUR

Project coordinator

University of Oulu

Contact information

Project leader

Contact person

Project description

The Finnish national climate and energy strategy emphasizes the green transition and moving away from Russian fossil fuels. At the core of the strategy are the electrification of the energy system, utilization of system integration, and promotion of the hydrogen economy and electrofuels. Finland’s strength is seen in its role as a provider of new technology. The strategy aims to attract investment, jobs, and economic growth, to use natural resources sustainably, and to strengthen security of supply and self-sufficiency.

The increase in green transition investments and the debate on Finland’s role as an energy producer have raised concerns about whether added value will remain in the production regions. Understanding the mechanisms behind value creation is crucial for the acceptance of projects and for the success of regions. Investments must ensure that value remains locally, benefiting regions, actors, and residents.

The goal of the ARVO project is to ensure that green transition investments take root in regional ecosystems, producing added value and new growth business. The project is implemented in a pilot region, but its results will serve all areas of Finland.

Key themes of the project:

  • Economic impacts and business-added value for the region
  • Impacts on local industry
  • Participation of SMEs
  • Regional distribution
  • Employment effects
  • Impacts on dimensions of sustainable development
  • Political and institutional environment
  • Trade and investment

The project will produce knowledge on how added value is created, its regional factors, and related entrepreneurship, as well as build networks to secure continuity of activities.



Project results

The project will create diverse knowledge and concrete tools that enable global value chains to be connected to regional development and vitality. The aim is to strengthen especially the operating environment of micro and small enterprises and to develop practices that support sustainable economic growth at the local level.

Several concrete results will be achieved through different work packages. One key result is the development of mechanisms for managing value distribution in ways that support sustainable and balanced interaction between stakeholders. This will promote dialogue, knowledge sharing, and socially sustainable decision-making.

The project will also identify key factors influencing regional added value. For this purpose, detailed GIS-based development analysis will be used, examining, for example, the location of jobs, turnover, and regional structures. As one practical solution, a logistics model for planning hydrogen and wind power infrastructure will be developed. The model will enable evaluation of investment profitability and feasibility in different scenarios, considering both costs and environmental impacts.

In its international component, the project will produce a literature review on entrepreneurship generated by large projects and a benchmarking comparison of best practices in Denmark and Norway. Based on this, an understanding will be formed of how large-scale projects can generate local entrepreneurship and added value.

Outputs will also include an online handbook and knowledge base combining value chain analyses, regional data, and entrepreneurship reviews. This will provide accessible and practical knowledge for regional businesses, developers, and educators.

The ARVO project will also build a project portfolio to strengthen the research group’s future activities in selected focus areas. At the same time, new research needs will be identified, and funding applications launched to ensure continuity of activities after the project ends.

The impact of the project will be ensured through an effective partner network and systematic, quantitatively and qualitatively goal-oriented communication. Overall, the project will achieve its objectives and lay a strong foundation for future development and research activities.

Research Director:
Teresa Haukkala
University of Oulu Kerttu Saalasti Institute
teresa.haukkala@oulu.fi
Tel: +358 50 598 5341

Project Manager:
Nafisa Yeasmin
University of Oulu Kerttu Saalasti Institute
nafisa.yeasmin@oulu.fi
tel: +358 50 5976325