Fortum Oyj
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Markus Heikki Erdem Rauramo
- Full Time Employees
- 4,551
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- CD Building Espoo UU Finland 02150
- IPO Date
- Dec 18, 1998
- Website
- fortum.com
- Similar Companies
- Business
- Fortum Oyj engages in the generation, distribution and sale of electricity and heat; operation of nuclear power plants; provision of energy-related services including customer solutions for decarbonization, waste-to-energy facilities and recycling services; and trading of energy commodities. The company offers electricity and district heating through its Generation, Consumer Solutions and Russia segments, with key assets encompassing the Loviisa nuclear power plant in Finland, hydropower plants across the Nordics and flexible gas-fired plants; it also provides decarbonization services such as carbon capture, green hydrogen production and EV charging infrastructure. Fortum operates primarily in the Nordic countries, Poland, the UK, Spain, India and Russia, serving industrial customers, households and municipalities with a focus on sustainable energy transition. Founded in 1998 and headquartered in Espoo, Finland, Fortum Oyj maintains a portfolio of low-emission generation assets totaling around 4 GW capacity, including renewables like wind and solar alongside its dominant nuclear and hydro resources. The company targets B2B customers in heavy industry for electrification and decarbonization advisory, alongside retail energy supply to over 2 million consumers. It holds a minority stake in Uniper SE following the partial divestment of its majority ownership in 2021-2022, and operates through subsidiaries such as Fortum Waste Solutions Oy and Fortum Electric Mobility. In recent developments, Fortum advanced its nuclear expansion by submitting a construction license application for the new Hanhikivi 1 reactor unit in Finland in late 2024, aiming to add 1.6 GW of carbon-free capacity by the early 2030s. The company formed strategic partnerships for green hydrogen projects, including a collaboration with SSAB and LKAB on fossil-free steel production using Fortum's hydropower, and launched new consumer offerings like dynamic pricing tariffs and solar panel financing in the Nordics during 2025. Additionally, Fortum completed the acquisition of a 49% stake in Polish onshore wind developer WPD in 2024 and announced plans to invest EUR 500 million in grid flexibility solutions across Europe amid rising renewable integration needs.
Company News
Fortum Oyj (FOJCY) Shareholder/Analyst Call Transcript
Fortum Oyj (FOJCY) Q2 2026 Earnings Call Transcript
Fortum Oyj (FOJCY) Q1 2026 Earnings Call Transcript
Fortum Oyj (FOJCY) Analyst/Investor Day Transcript
Fortum Oyj (FOJCY) Q3 2025 Earnings Call Transcript
Fortum Oyj (FOJCF) Q2 2025 Earnings Call Transcript
Hexa Climate buys Fortum's India renewables; plans $500 million investment
Fortum Oyj (FOJCF) Q1 2025 Earnings Call Transcript
Finland's Fortum explores long-term options for new nuclear power
Fortum Oyj (FOJCF) Q4 2024 Earnings Call Transcript
Finnish utility Fortum reports fourth-quarter profit increase
Fortum to buy renewable power portfolio for $9.4 mln
Fortum Oyj (FOJCF) Q3 2024 Earnings Call Transcript
Fortum, Vestas settle dispute over Russian wind energy projects
Exclusive: Finnish utility Fortum's power assets targeted with surveillance, cyber attacks
Fortum to sell its stakes in biobased solutions businesses in India
Finland's Fortum starts using U.S. nuclear fuel in bid to reduce Russian dependence
Fortum Oyj (FOJCF) Q2 2024 Earnings Call Transcript
Finland's Fortum says new nuclear not feasible at current prices
Fortum Oyj (FOJCF) Q4 2023 Earnings Call Transcript