24 Facts About Fortum

Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland.

Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat.

Fortum is listed on the NASDAQ OMX Helsinki stock exchange.

Fortum is Europe's third-largest producer of carbon-free electricity, Europe's second-largest producer of nuclear power and one of the largest gas suppliers.

Predecessor of Fortum was Imatran Voima, which was founded in 1932 to operate the Imatrankoski hydroelectric power plant in Imatra.

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In 2003, Fortum bought parts of Fredrikstad Energi and Fredrikstad Energi Nett in a swap deal with E ON.

In 2008, Fortum privatized the natural gas, power and heat generation company TGK-10, operating in central and northern Russia.

In December 2013 Fortum announced the sale of its distribution network in Finland to Suomi Power Networks, owned by First State Investments, Borealis Infrastructure, Keva and LahiTapiola .

In 2012, Fortum shared the number one position in the Carbon Disclosure Project's Nordic climate index.

In 2013, Fortum opened two new CHP utilities using waste as a fuel in Klaipeda, Lithuania, and Brista, Sweden as well as new biomass-fuelled CHP plants in Jelgava, Latvia, and Jarvenpaa, Finland.

In 2014 Fortum sold its Norwegian electricity distribution network and its stakes in Fredrikstad Energi and Fredrikstad Energi Nett to the Hafslund Group.

In 2015 Fortum connected its first greenfield solar park, under the Jawaharlal Nehru National Solar Mission Phase II initiative, in Madhya Pradesh.

In 2015, Fortum completed the divestment of its electricity distribution network in Sweden, thus completing the divestment of electricity distribution business.

In 2016, Fortum acquired Grupa DUON S A, an electricity and gas sales company in Poland, and Ekokem Corporation, a leading Nordic circular economy company specialised in material and waste recycling, final disposal solutions, soil remediation and environmental construction.

In 2021 Fortum sold its business in Estonia, Latvia and Lithuania to Partners Group.

In 2021 Fortum owned or co-owned over 150 hydropower plants in Finland and Sweden, including power plants on the Dalalven, Indalsalven and Ljusnan rivers in central Sweden and on the Oulujoki, Kemijoki and Vuoksi rivers in Finland.

Fortum produces and sells heat in Nordic countries, Russia and Poland, with 26 plants combining production of heat and electric power.

Fortum provides environmental management and material efficiency services in the Nordics.

In 2014 Fortum had the biggest market share of ecolabeled electricity in Finland.

Fortum intends to be carbon neutral by 2050 at the latest, and by 2035 for its European production.

Fortum is planning to replace the coal capacity by new wind and solar power.

In February 2014, Fortum equipped three schools with solar-powered infrastructure in Bhilwara, India, where they had a solar plant.

On 21st September 2022, Fortum announced that Uniper is to be fully divested to the German state.

Parties have agreed that Fortum will have a right of first offer in case Uniper intends to divest all or parts of its Swedish hydro and nuclear assets until the end of 2026.