Study options

Energy Production, Economics and Sustainability, Master of Science (Technology)

For applicants
In this major, you will learn how to develop and optimise new energy technologies that are reliable, investment-ready, and environmentally responsible. You’ll also build the skills to evaluate their viability from both a technical and economic perspective. This major is designed for ambitious students with a bachelor’s degree in energy technology or related field. As the only Aalto energy major with an explicit focus on the combination of economics and sustainability, this is a unique degree track for forward-thinking engineers. If you have a keen interest in both the environmental and economic angles shaping modern energy production technologies, this is the major for you.
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Degree:

Master of Science (Technology)

Application period:

7 Dec 2026 – 5 Jan 2027

Language of instruction:

English

Duration:

2 years, full-time

Eligibility:

Relevant Bachelor's degree

Field of study:

Technology and Engineering

Credits:

120 ECTS

Organising school:

School of Engineering

Description

This major will make you a specialist in emerging energy production technologies. But new energy production technologies can only succeed if their technical, environmental and economic performance delivers a clear improvement over older technologies.

In this major, you will learn how to analyse the technical, economic and environmental performance of different energy production technologies based on their real-world applications, and how to design them to perform well in all three dimensions. This will put you in touch with urgent engineering, economic, and geopolitical challenges – and there’s a quickly growing need globally for the experts that can solve them.

The skills you’ll learn are in demand globally and apply to all energy production technologies. But you’ll also gain a unique perspective on Finland’s energy system, climate and the Nordic energy market in general.

In this major, you will:

●       Develop a detailed technical understanding of the key energy production and storage technologies.

●       Build the practical skills you need to analyse the economic and sustainability dimensions of specific technologies and investments.

●       Get a big-picture understanding of how energy technologies affect each other and the environment across the energy production system.

●       Learn to analyse the technological, economic and environmental challenges in the field of energy, and design solutions to address them.

After graduation you will be able to work meaningfully towards solutions to some of the major energy and related climate challenges of our time and become a key player in the ongoing global transition to sustainable energy systems. You will be prepared to bring your skills to bear in multinational or national energy companies, energy startups, consultancies, in the public sector, or in academia and research.

Language of instruction

In the Energy Production, Economics and Sustainability major, the language of instruction is English.

More information and guidelines on the languages of the degree and instruction at Aalto University available here.

Tuition fees and scholarships

The tuition fee for this programme is 17 000 euros per academic year. Citizens of European Union (EU), the European Economic Area (EEA) or Switzerland do not pay tuition fees. Citizens of other countries must pay tuition fees.

Aalto University offers a small number of scholarships in the form of tuition fee waivers to fee-paying students. Scholarships can be awarded to the highest-achieving applicants based on the programme's evaluation criteria. Applicants are ranked according to the criteria outlined on the programme's webpage.

More information on tuition fees and scholarships at Aalto University is available at the Scholarships and Tuition Fees webpage.

Structure of studies

The course load is challenging, so thriving in this major requires full-time study. Your coursework will include lectures, exercises, individual reading and assignments, calculations, essays and group work. The rhythm of the major is built around six weeks of study and teaching followed by an assessment week.

In year one, it’s recommended that you complete all your compulsory courses related to the Advanced Energy Solutions Master’s Programme and the Energy Production, Economics and Sustainability major.

Year two is more self-directed and based on your interests and career goals. You will spend your time completing a set of optional courses and your master’s thesis. You’ll also have the option to complete minor and elective courses to complement your other studies. This block of freely selected courses is meant to provide you with expertise you feel is important – and inspiring – for your future career.

Programme structure:

Programme-specific and major-specific compulsory courses (36 ECTS)

Major-specific optional studies (25-26 ECTS)

Elective and minor studies (28-29 ECTS)

Master’s thesis (30 ECTS)

Specialisations

Specialisation courses in this major are split into two groups: Energy Technology and Economics & Environment. You’re required to take at least one course from each specialisation. Otherwise, you can choose freely from these to tailor your study path towards your interests and career aspirations. You can further customise your study path with an optional minor.

Internationalisation

There are many opportunities to develop your global competence while studying in the Energy Production, Economics and Sustainability major. You can complete a semester or year abroad at an Aalto partner university, of which there are several excellent choices for energy production studies. During your exchange you can complete, as an example, your 30 minor credits, your practical training, or master’s thesis research.

Aalto University is also international by nature. Our international and exchange students join the diverse Aalto community – not just through studies, but also multiple free time events, activities and celebrations around the campus. Programme administrators, active student tutors and student support services work rigorously to help international students integrate into Nordic culture and welcome them at home in Finland.

Further study opportunities

The Energy Production, Economics and Sustainability major builds a strong foundation for advancement into a doctoral programme at Aalto or elsewhere. At Aalto, you would be joining the Aalto Doctoral Programme in Engineering in energy technology.

You can either pursue your doctoral studies full-time as a researcher at Aalto University, or part time if you’ve already kicked off your career in energy production.

Career opportunities

Graduating from this major will have prepared you for many different roles in the energy sector, both in public institutions and private companies. Your potential career path may lead you to energy firms large or small, consultancies, investment firms, public authorities or research organisations. And because energy systems in Finland and globally are transforming, new opportunities are emerging all the time.

This major is closely connected to the industry – some courses include guest lectures from industry professionals, projects based on real company cases, and active student initiatives like company visits organised by Lämpövoimakerho (Energy Engineering Club LVK). Many students take their first step into working life during their studies by collaborating with a company or public organisation for their master’s thesis.

These close ties to working life will help you build a strong network, gain practical experience and transition smoothly from your studies into a rewarding career after graduation.

Research focus

Our energy technology professors’ research is tightly connected to what you’ll be learning in the classroom, with a strong emphasis on the crossroads of technology, economics, and sustainability.

Feel free to read more about our energy solutions research.

Co-operation with other parties

The master's programme that sits above the Energy Production, Economics and Sustainability Major – Advanced Energy Solutions – is a multi-school programme, with shared courses between the Schools of Engineering, Electrical Engineering, Chemical Engineering, and Business. You can also supplement your studies with courses from other Aalto schools, programmes, and majors, or courses offered by other universities.

The spontaneous multidisciplinary environment at Aalto sparks new ideas, gathers enthusiasts around them and gives birth to friendships, networks, and every so often, startups.

Evaluation criteria 2027

Applicants to the programme must meet the general eligibility and language requirements that are common to all Master's programmes in Aalto University. Applicants meeting Aalto’s general eligibility criteria for master's studies are evaluated and ranked according to the evaluation criteria decided in advance for each study option. 

The applications to Master’s Programme in Advanced Energy Solutions (all study options) are evaluated based on the following criteria:

Evaluation process

Applicants' evaluation process is described under Evaluation process. 

Documents required by the study option

This study option (master's programme) requires two sets of documents from their applicants:

  1. Obligatory application documents detailed on the Apply to master’s programmes webpage 
  2. Documents required by the study option listed below.

Programme director

Ilkka Keppo

Programme director, professor

Sanna Syri

Professor-in-charge, Energy Production, Economics and Sustainability major

Contact information

Sanni Hallén

Planning officer (content and studies of the master's programme)

masterstudies-eng@aalto.fi

Aalto University Admission Services

For enquiries regarding the application process, obligatory application documents or English language proficiency, please contact Admission Services

admissions@aalto.fi

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