Fortum

(IN BRIEF) Fortum embarks on a EUR 20 million investment to modernize the historic Malta hydropower plant in Uvån, Sweden, dating back to 1914. This extensive modernization aims to enhance the plant’s efficiency, extend its lifespan, and increase annual production … Read the full press release →

(IN BRIEF) Fortum, a leading clean energy provider, has completed the due diligence process after submitting an official commitment letter for the Science Based Targets initiative (SBTi). With a goal to align its emissions reduction targets with climate science, Fortum … Read the full press release →

(IN BRIEF) Fortum Battery Recycling and Hydrovolt, two prominent players in sustainable battery recycling, have formed a strategic alliance to drive the Nordic battery industry forward. Hydrovolt will supply black mass generated from EV battery recycling to Fortum’s plant in … Read the full press release →

(IN BRIEF) Fortum achieved an A- rating for its climate efforts in the 2023 Carbon Disclosure Project (CDP) report, showing significant improvement from its previous B rating. The company’s enhanced score reflects advancements in risk disclosure, value chain engagement, and … Read the full press release →

(IN BRIEF) Fortum’s efficiency program, launched in November 2023, has prompted discussions regarding potential job reductions within the Fortum Consumer Solutions business unit and the IT unit. Approximately 1,080 employees across Finland, Sweden, Norway, and the IT unit in Poland … Read the full press release →

(IN BRIEF) In 2023, Fortum’s Loviisa nuclear power plant in Finland achieved exceptional results, generating 8.09 terawatt-hours of carbon-free electricity. Loviisa 1 and Loviisa 2, the plant’s units, demonstrated high operational efficiency with load factors exceeding 89%. Fortum also collaborated … Read the full press release →

(IN BRIEF) Fortum, a leading energy company, has entered into a Memorandum of Understanding (MoU) with Swedish nuclear technology firm Studsvik to investigate the potential for new nuclear projects in Sweden. This collaboration is part of Fortum’s ongoing feasibility study … Read the full press release →

(IN BRIEF) Fortum, a leading energy company, has signed an agreement with Finland’s National Emergency Supply Agency (NESA) to reserve the Meri-Pori coal condensing power plant for emergencies, ensuring the security of the country’s electricity supply. The agreement is in … Read the full press release →

(IN BRIEF) Fortum’s Loviisa Nuclear Power Plant in Finland is preparing for its annual outage, commencing with Unit 2 on August 20th, followed by Unit 1. Both units will undergo a brief refuelling outage lasting approximately 37 days. This maintenance … Read the full press release →

(IN BRIEF) Steel manufacturer SSAB and energy company Fortum are collaborating on a FEED (Front-End Engineering Design) study to investigate the potential for producing hydrogen-reduced sponge iron on an industrial scale in Raahe, Finland. This initiative is an extension of … Read the full press release →

(IN BRIEF) Fortum and Korea Hydro & Nuclear Power Co., Ltd. (KHNP) have signed a memorandum of understanding (MoU) to strengthen their collaboration in the field of nuclear power. The MoU covers cooperation and information exchange on future nuclear power … Read the full press release →

(IN KÜRZE) Fortum, ein führendes nordisches Unternehmen für saubere Energie, und Outokumpu, der weltweit führende Anbieter von nachhaltigem Edelstahl, haben eine Absichtserklärung (MoU) unterzeichnet, um die Dekarbonisierung der Stahlherstellungsbetriebe von Outokumpu mit neuen Nukleartechnologien wie Small Modular Reactors (SMR) zu … Read the full press release →

(IN BRIEF) Fortum, a leading Nordic clean energy company, and Outokumpu, the global leader in sustainable stainless steel, have signed a Memorandum of Understanding (MoU) to explore the decarbonisation of Outokumpu’s steel manufacturing operations with emerging nuclear technologies, such as … Read the full press release →

(NOTICIA EN BREVE) Outokumpu, líder mundial en acero inoxidable sostenible, y Fortum, una de las principales empresas nórdicas de energía limpia, han firmado un acuerdo para explorar la descarbonización de las operaciones de fabricación de acero de Outokumpu utilizando Small … Read the full press release →

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and Fortum, a top Nordic clean energy company, have signed an agreement to explore the decarbonization of Outokumpu’s steel manufacturing operations using Small Modular Reactors (SMR), a new nuclear technology. … Read the full press release →

(IN BRIEF) Karl-Ludwig Kley, Chairman of the Supervisory Board of E.ON SE, has decided not to stand for re-election to the company’s supervisory body. His successor as Chairman will be Erich Clementi, who, like Kley, has been a member of … Read the full press release →

(PRESS RELEASE) ESPOO, 22-Dec-2021 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced the signing of its first renewable hydropower purchase … Read the full press release →

The participation of Finnish industry in the construction of ITER fusion reactor and the utilization of innovations in other fields is promoted by a cluster of companies and research institutions. ITER is beeing constructed in Southern France. (PRESS RELEASE) HELSINKI, … Read the full press release →

(PRESS RELEASE) ESPOO, 21-Apr-2021 — /EuropaWire/ — Fortum announces collaboration with Volvo Cars, and cleantech company Comsys for the development of an innovative battery solution that is now being installed at Fortum’s Landafors hydropower plant on the river Ljusnan in … Read the full press release →

(PRESS RELEASE) ESPOO, 18-Dec-2020 — /EuropaWire/ — Fortum Corporation announces the appointment of Bernhard Günther (age 53, Ph.D. Econ.) as Chief Financial Officer (CFO) and member of the Executive Management Team as of 1 February 2021. Bernhard Günther, a German … Read the full press release →