"Imatran Voima" redirects here. For the Finnish electronic music duo, see Imatran Voima (band).
Fortum Oyj
Company type
Julkinen osakeyhtiö
Traded as
Nasdaq Helsinki: FORTUM
Industry
Electricity
Predecessor
Imatran Voima (IVO)
Founded
1998; 26 years ago (1998)
Headquarters
Espoo, Uusimaa
,
Finland
Area served
Nordic countries, Poland, Russia, India
Key people
Mikael Silvennoinen (Chairman)
Markus Rauramo (President and CEO)
Tiina Tuomela (CFO)
Products
Electric power Heat
Revenue
€49.015 billion (2020)[1]
Net income
€1.855 billion (2020)[1]
Total assets
€57.810 billion (2020)[1]
Total equity
€15.577 billion (2020)[1]
Owner
Government of Finland, Finnish National Institutions (Kela, Keva, State Pension Fund, City Councils of Kurikka, Turku and Kauhajoki) (53.03%)
Number of employees
19,933 (2020)[1]
Website
www.fortum.com
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region.[1] Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange.
In 2020 Fortum was the biggest company in Finland by its revenue.[2] The majority of its income came from Uniper[3] that became Fortum's subsidiary in March 2020.[4] Uniper was nationalised by Germany on the 21 September 2022 for 8 billion euros.[5] Fortum is Europe's third-largest producer of carbon-free electricity, Europe's second-largest producer of nuclear power[6] and one of the largest gas suppliers.[7]
^Talouselämä. "TE500". Talouselämä (in Finnish). Retrieved 2021-07-29.
^"Osavuosikatsaukset | Uniper veti Fortumin tuloksen yli miljardiin euroon alkuvuonna". Helsingin Sanomat (in Finnish). 2021-05-12. Retrieved 2021-07-29.
^"Fortum paransi tulostaan loppuvuonna, taustalla tytäryhtiö Uniperin vahva suoritus". Ilkka-Pohjalainen (in Finnish). Retrieved 2021-07-29.
^"Fortum to fully divest Uniper to the German State".
^"Yritykset koronakriisissä: Fortum selvisi sähkön hintaromahduksesta kuivin jaloin – tytäryhtiö tahraa mainetta, mutta tuo hurjasti hilloa". Yle Uutiset (in Finnish). 15 May 2020. Retrieved 2021-08-03.
^"Fortum aloitti Uniperin hiilivoimaloiden alasajon Saksassa – "EU voisi kiristää päästörajoituksia ja laajentaa päästökauppaa", sanoo toimitusjohtaja Rauramo". Yle Uutiset (in Finnish). 12 March 2021. Retrieved 2021-08-03.
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region. Fortum operates power plants, including...
(international name: Neste Corporation; former names Neste Oil Corporation and Fortum Oil and Gas Oy; Finnish pronunciation: [ˈneste]) is an oil refining and...
limited to 10%. This is mainly to limit Nokia's weight in the index, although Fortum and Sampo Group were also capped in a February 2009 reshuffle. As of October...
remainder of Fortum's stake and becoming Uniper's sole owner. News of the transaction caused Uniper shares to decline and a sharp spike in Fortum's share price...
Construction began in April 2005 and the total cost was just over 61 million SEK. "Fortum Ski Tunnel Torsby". Nationalencyklopedin (in Swedish). Retrieved 30 October...
services for industries, cities, and communities. Fortum Waste Solutions is part of Fortum Corporation. Fortum Waste Solutions covers a network of over 30 offices...
Ceftazidime, sold under the brand name Fortaz among others, is a third-generation cephalosporin antibiotic useful for the treatment of a number of bacterial...
executive, and the President and CEO of Nokia. Previously, he was CEO of Fortum, a Finnish state-owned energy company, from 2015 to July 2020. Lundmark...
Finland from its construction in 1976 until 2006. Formerly known as the Fortum Head Office and before that Neste Tower, as of May 2018 it is the headquarters...
as follows: Parampujya Solar Energy Pvt Ltd. = 100 MW at ₹4.79 per unit Fortum Finnsurya Energy Pvt Ltd. = 100 MW at ₹4.79 per unit ACME Solar Holdings...
Municipality in Värmland County, Sweden with 4,049 inhabitants in 2010. Fortum Ski Tunnel Torsby, the world's longest ski tunnel, is located in Torsby...
product website", ABB Group, Retrieved on 27 July 2015. "Fortum TOPi logbook product website", Fortum, Retrieved on 27 July 2015. Triant G. Flouris; Dennis...
developers being given the nickname "Eastinghouse". The plant is operated by Fortum Oyj. In 1996, the pressure vessel of Unit 1 was successfully heat annealed...
Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03. "Fortum Annual Review 2015". Fortum. 2016. Archived from the original on 2016-04-22. Retrieved...
Ben (2010-08-31). "Fortum takes 40% stake in giant Swedish wind project". ReCharge. NHST Media Group. Retrieved 2010-08-31. "Fortum to partner in one of...
Finland. It was founded in 1995 by Teollisuuden Voima (60% of stock) and Fortum (40% of stock), two Finnish nuclear plant operators, for researching and...
number of executive boards of Finnish and international companies including Fortum, Capman, F-Secure, Hewlett-Packard and Daimler. In 2011, she replaced Matti...
DSV Genmab GN Store Nord Novo Nordisk Ørsted Vestas Wind Systems Finland Fortum KONE Neste Nokia Nordea Sampo Stora Enso UPM-Kymmene Sweden ABB Assa Abloy...
Vientiluotto Suomen Viljava [fi] VR Group Boreal Plant Breeding [fi] Finnair Fortum Gasum HAUS Finnish Institute of Public Management [fi] Kemijoki [fi] Neste...
Vallentuna). The company in its current shape was formed in 2015, when Fortum spun off its Swedish electric power distribution business, but it is also...
in 2017, NTPC Limited auctioned 420 MW to several developers including Fortum of Finland. In Phase II, Solar Energy Corporation of India (SECI) auctioned...
and industrial companies. The biggest shareholders are Pohjolan Voima and Fortum. The company operates Olkiluoto Nuclear Power Plant, which consists of two...
Global Information
€49.015 billion (2020)[1]