Värmevärden is a district heating company based in central Sweden.

Headquartered in Örebro, Värmevärden owns and operates heating plants across 10 municipalities. Its plants have total heat generation capacity of 639 MW and annual heat and steam sales of approximately 1.2 TWh. Värmevärden’s production facilities primarily use biofuel, waste and waste heat and the business serves both residential and industrial customers via c.4,800 supply points on its 350km district heating network.

iCON acquired 33.3% of Värmevärden in 2016 through its acquisition of Capstone Infrastructure and realised its interest in 2017.