Elisa Oyj stock (FI0009007838): Unit wins deal to optimize Finnish battery projects

Elisa Oyj shares are in focus after its Industriq unit secured a deal with Finnish battery project company AkkuX to optimize grid-scale battery projects and electricity market participation in Finland.

Elisa Oyj shares are in focus after its Industriq unit announced a new deal to support grid-scale battery projects in Finland. The company’s Gridle unit, part of Elisa Industriq, signed an agreement with Finnish battery project company AkkuX Oy to optimize AkkuX’s battery projects and their participation in the electricity market, according to a press release issued by Elisa on May 7, 2026 and reported by Finnish research house Inderes on the same day.

Under the agreement, Gridle will provide software solutions that integrate with AkkuX’s existing systems to optimize operations across manufacturing execution, supply chain, and energy-related processes. The collaboration is aimed at improving the efficiency and profitability of AkkuX’s grid-scale battery projects, which play a role in Finland’s broader push toward flexible energy storage and grid stability.

As of: 09.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Elisa Oyj
• Sector/industry: Telecommunications and ICT
• Headquarters/country: Finland
• Core markets: Finland and selected international markets
• Key revenue drivers: Connectivity services, ICT solutions, digital platforms
• Home exchange/listing venue: Nasdaq Helsinki (ticker: ELISA)
• Trading currency: EUR

Elisa Oyj: core business model

Elisa Oyj operates as a telecommunications and information and communication technology (ICT) provider in Finland and selected international markets. The company offers a range of services including mobile and fixed broadband, TV, and ICT solutions for businesses and consumers. Elisa’s business model combines traditional connectivity services with emerging digital platforms, aiming to leverage its network infrastructure and software capabilities to serve both retail and enterprise customers.

Elisa’s Industriq unit focuses on industrial and energy-related applications, providing software and digital solutions that enhance operational efficiency and data-driven decision-making. The unit’s Gridle platform is designed to integrate with existing systems to optimize manufacturing execution, supply chain, and energy-related processes, positioning Elisa at the intersection of telecommunications and industrial digitalization.

Main revenue and product drivers for Elisa Oyj

Elisa’s main revenue drivers include mobile and fixed broadband services, ICT solutions for businesses, and digital platforms. The company’s connectivity services form the backbone of its revenue, while its ICT and digital solutions contribute to growth and margin expansion. Elisa’s focus on digitalization and software solutions, such as those provided by Gridle, is expected to drive additional revenue streams and enhance customer value.

The company’s recent deal with AkkuX to optimize grid-scale battery projects in Finland highlights the potential of its software solutions in the energy storage segment. By improving the efficiency and profitability of battery projects, Elisa can expand its footprint in the industrial and energy sectors, diversifying its revenue base and reducing reliance on traditional telecom services.

Conclusion

Elisa Oyj’s latest deal through its Gridle unit underscores the company’s strategy to extend its ICT and software capabilities into industrial and energy-related applications. The agreement with AkkuX to optimize grid-scale battery projects in Finland adds a concrete use case for Elisa’s digital solutions in the growing energy storage segment. For US investors, Elisa offers exposure to a Finnish telecom and ICT provider with a diversified portfolio that includes traditional connectivity services and emerging digital platforms.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.