Fortum Oyj
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- CEO
- Markus Heikki-Erdem Rauramo
- Full Time Employees
- 4,451
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- CD Building Espoo UU Finland 02150
- IPO Date
- Jan 5, 2010
- Website
- fortum.com
- Similar Companies
- Business
- Fortum Oyj is a Finland-based energy company primarily engaged in the generation and sale of electricity and heat across the Nordic countries and several European markets including Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, and Norway. Founded in 1998 and headquartered in Espoo, Finland, Fortum operates through key business segments including Generation, Consumer Solutions, and Circular Solutions. Its Generation segment focuses on low-carbon power production through nuclear, hydropower, onshore wind, and solar energy; integrated with district heating and cooling services as well as decarbonization solutions for industrial clients. The Consumer Solutions segment provides electricity, related value-added services, and digital offerings to residential customers and small and medium-sized enterprises primarily in the Nordic region. The Circular Solutions segment encompasses recycling and waste management services. Fortum also offers power trading and tailored energy procurement solutions for energy-intensive industries. Recent major developments include strategic acquisitions that significantly enhance its renewable energy pipeline. In 2025, Fortum acquired a 4.4 GW onshore wind power project development portfolio from German renewables developer ABO Energy, and earlier acquired 2.6 GW of early-stage onshore wind projects in Finland from Enersense, strengthening its position in the Nordic renewable market. Additionally, Fortum divested its Indian renewables assets to Hexa Climate Solutions, signaling a strategic withdrawal from the Indian market to concentrate on core European markets. Fortum has also partnered with Volue to integrate smart power software to optimize asset performance and automate trading processes, supporting its green transition ambitions. The company is actively expanding clean power production capacity, commissioning projects like the 380 MW Pjelax wind farm, developing a 2 MW hydrogen pilot plant, and investing €100 million to decarbonize its CHP plant in Poland. Fortum aims to phase out coal by 2027, reduce its scope 1 and 2 greenhouse gas emissions by 85% by 2030, and achieve net-zero emissions by 2040. Fortum targets mainly industrial, commercial, and residential customers within Europe, delivering tailored energy solutions, power trading services, and industrial site development primarily in Finland. The company supports customers' decarbonization efforts while focusing on sustainable energy generation and smart energy management. Its integrated energy offering includes nuclear services lifecycle management and district heating and cooling solutions in select Finnish cities and the broader Nordic region. Fortum operates about 5,000 employees and is publicly listed on Nasdaq Helsinki. The group pursues growth through renewable energy development, strategic partnerships, asset optimization, and divestment of non-core operations to concentrate on its clean energy transition strategy.
Fortum Oyj (FOJCY) Q1 2026 Earnings Call Transcript
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Hexa Climate buys Fortum's India renewables; plans $500 million investment
Fortum Oyj (FOJCF) Q1 2025 Earnings Call Transcript
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Fortum Oyj (FOJCF) Q2 2024 Earnings Call Transcript
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Fortum considers Nordic sites for new nuclear power
Fortum Oyj (FOJCF) Q3 2023 Earnings Call Transcript