- Business
- Fortum Oyj Fortum Oyj is a Finnish state-owned energy company engaged in the generation, distribution, and sale of electricity and heat across the Nordic region and select international markets including the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, and Norway. The company operates through Generation and Consumer Solutions segments, offering low-carbon power generation from nuclear, hydro, onshore wind, and solar resources; district heating and cooling; decarbonization services for industries; electricity and gas retail; power trading and risk management solutions; nuclear services across the power plant lifecycle; e-mobility solutions such as Charge & Drive; digital value-added services for consumers and small- to medium-sized enterprises; and industrial site development in Finland. Fortum Oyj provides invoicing, customer services, and tailored energy solutions for energy-intensive industries, businesses, and over 2 million private customers in the Nordics, with core operations emphasizing reliable supply from renewable and nuclear sources that achieve 99% of power generation from low-emission assets. Founded in 1998 and headquartered in Espoo, Finland, the company employs approximately 4,500 people and maintains strategic priorities to deliver reliable energy, drive industrial decarbonization via long-term power purchase agreements, and transform its operating model. Recent developments include the July 2025 acquisition of a 4.4 GW onshore wind project portfolio from ABO Energy for approximately EUR 40 million plus earn-outs, bolstering its 8 GW renewable pipeline across the Nordics; the December 2024 purchase of a 2.6 GW early-stage wind portfolio from Enersense; and November 2025 updates to long-term financial targets and strategic KPIs amid a comparable return on net assets of 10.3%.