Fortum Oyj is a Finland‐based energy company headquartered in Espoo, with roots tracing back to the founding of Imatran Voima in the 1930s and the formation of Fortum in 1998 through the merger of Finland’s largest power producers. The company is majority‐owned by the Finnish state and operates as a multi‐regional producer and distributor of electricity and heat, emphasizing a strategic shift toward low‐carbon and sustainable energy solutions.
Fortum’s core business activities encompass power generation from a diversified portfolio that includes nuclear, hydro, gas‐fired and renewable sources such as wind and solar. In addition to electricity production, the company provides district heating and cooling services, waste‐to‐energy solutions and advanced nuclear maintenance and lifecycle management. Fortum also delivers energy distribution and retail services, serving both household and industrial customers, and offers tailored energy efficiency and decarbonization consulting to corporate clients.
The company’s operations are focused primarily on the Nordic and Baltic markets, with additional activities in central Europe and India. Historically present in Russia, Fortum has realigned its footprint to concentrate on core markets aligned with its sustainability targets. Through collaborative partnerships and strategic investments, Fortum continues to expand its e-mobility charging network and develop digital energy solutions aimed at optimizing grid flexibility and balancing intermittent renewable production.
Under the leadership of President and CEO Markus Rauramo and an experienced board of directors, Fortum pursues a long‐term strategy to achieve carbon neutrality by mid‐century. The company’s governance framework and sustainability commitments guide its efforts to support Europe's transition to cleaner energy while delivering reliable power and heat to its customers.
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