(IN BRIEF) Fortum’s Loviisa nuclear power plant has completed its annual outages for 2024, with both units back online. Unit 2’s outage lasted 23 days, while Unit 1’s extended four-year maintenance took 39 days, with both experiencing minor delays due … Read the full press release
(IN BRIEF) AFRY is collaborating with Fortum to modernize the Untra hydropower plant in Sweden, which has been in operation for over 100 years. The project involves replacing three of the plant’s five generators, which will increase its output from … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged AFRY, Finland, Fortum, Miriam Mesquine, partnership, sustainability, Sweden, Untra Hydropower Plant
(IN BRIEF) Fortum marks a significant milestone today as it integrates 250 employees into its hydropower operations and maintenance team across Sweden and Finland. A decade ago, Fortum outsourced these functions but revisited the decision in 2023, opting to bring … Read the full press release
(IN BRIEF) Fortum announces plans to modernise the low-pressure turbines at its Loviisa nuclear power plant, beginning in 2026 as part of lifetime extension investments aimed at ensuring reliable electricity production until 2050. With the Finnish Government granting a new … Read the full press release
(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
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged climate science, Emissions Reduction Targets, Fortum, Markus Rauramo, sustainability
(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
Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Norway, Technology
Tagged Battery material recycling, Battery recycling, black mass, electric vehicle, EV batteries, Fortum, Fortum Battery Recycling, Fredrikstad, Harjavalta, hydrometallurgical, Hydrovolt, lithium-ion batteries, lithium-ion battery recycling, lithium-ion battery value chain, Nordic battery recycler, Norway, Ole-Christen Enger, Tero Holländer
(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
Posted in Awards, Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged 2023 CDP Report, A- Rating, Awards, Climate Efforts, Fortum, sustainability, Tomas Qvickström
(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
Posted in Business, Economy, Energy, Gas & Oil, Finland, Industrial, Infrastructure & Utilities, Management, News
Tagged change negotiations, Fortum, job reductions
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged Camilla Hoflund, Finland, Fortum, green transition, Laurent Leveugle, nuclear, partnership, Studsvik, sustainability, Sweden
(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
Posted in Energy, Gas & Oil, Finland, Government, Industrial, Infrastructure & Utilities
Tagged clean energy, coal condensing power plant, coal-based power generation, coal-fired condensing plant, electricity generation, Finland, Fortum, Huoltovarmuuskeskus, Janne Känkänen, Meri-Pori, National Emergency Supply Agency, NESA, Pori, power generation, Riku Huttunen, Simon-Erik Ollus, Tahkoluoto
(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
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management, Technology
Tagged Finnish Outokumpu, Fortum, French EDF, Helen, Jooho Whang, KHNP, Korea Hydro & Nuclear Power Co., Ltd., Markus Rauramo, Nuclear Feasibility Study, nuclear power plants, nuclear power technology supplier, Rolls-Royce SMR, Small Modular Reactors, South Korean nuclear fleet
(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
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Metals and Minerals, Technology
Tagged Dekarbonisierung, EDF, Fortum, Heikki Malinen, Helen, Kärnfull Next, kleine modulare Reaktoren, Markus Rauramo, nachhaltiger Edelstahl, Nukleartechnologien, Outokumpu, Rolls-Royce SMR, saubere Energie, SBTi, SMR, Stahlherstellung
(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
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Metals and Minerals, Technology
Tagged clean energy, decarbonization, EDF, Fortum, Heikki Malinen, Helen, Kärnfull Next, Markus Rauramo, nuclear technologies, Outokumpu, Rolls-Royce SMR, SBTi, Small Modular Reactors, SMR, steel manufacturing, sustainable stainless steel
(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
(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
Posted in News
Tagged carbon neutral, combating climate change, Fortum, Guarantees of Origin, hydropower, hydropower agreement, hydropower plants, Ilmatar, Markku Korvenranta, Naantali, Neste, Porvoo refinery, reducing climate emissions, renewable electricity, renewable hydropower purchase agreement, s Statkraft, Susanna Sieppi, Vattenfall
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
Posted in Artificial Intelligence (AI), Education, Finland, France, Industrial, Investment, News, Science, Technology
Tagged Aalto University, Åbo Akademi University, Antti Hakola, artificial-intelligence, Big Science, Comatec, construction, CSC, electricity generation, EOS Finland, EUROfusion Consortium, FCAI, FinnFusion Consortium, Fortum, fusion reactor, fusion research, ITER, ITER fusion reactor, Jarmo Heinonen, Kai Nordlund, LUT University, Luvata, physics research, Platom, RESEARCH, Tampere University, Timo Haapalehto, University of Helsinki, VTT
(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
Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, News, Sweden, Technology
Tagged batteries, battery solution, circular economy, cleantech company, CO2-free hydropower production, Comsys, electric grid, electricity, energy storage, energy system, Fortum, hydropower plant, hydropower turbines, Landafors, Landafors hydropower plant, lithium-ion batteries, Nordic electricity market, out-of-service batteries, plug-in hybrid cars, power electronics specialist, power system, recycled, recycling, river Ljusnan, Susanne Hägglund, sustainable battery value chain, Sweden., Toni Kekkinen, Volvo cars, wind power
(PRESS RELEASE) ESPOO, 18-Dec-2020 — /EuropaWire/ — Energy company Fortum announces new biodiversity targets for its entire Group, including Uniper. Fortum commits to implementing more than 12 major voluntary measures that enhance biodiversity in 2021. The biodiversity target was announced … Read the full press release
Posted in Energy, Gas & Oil, Environment, Finland, Germany, Industrial, Infrastructure & Utilities, Management, News, Sweden, Technology
Tagged Båtfors nature reserve, biodiversity, biodiversity crisis, biodiversity targets, carbon-neutral company, Climate, climate targets, ecosystems, energy production, environmental targets, fish migration, Fortum, hydropower, IUCN, oak trees, River Dalälven, sustainability, Ulla Rehell, Uniper, Uppland Foundation, wind power, woodpeckers
(PRESS RELEASE) ESPOO, 12-Feb-2020 — /EuropaWire/ — Leading clean-energy company Fortum has just announced it is going to establish new Data Science & Analytics unit as part of the Business Technology function that is responsible for the IT, innovation and … Read the full press release
(PRESS RELEASE) ESPOO, 17-Jan-2020 — /EuropaWire/ — Fortum strengthens its position in the recycling of high value materials in Europe with the acquisition of 100 percent shareholding in Crisolteq, a Finnish specialist in recycling valuable metals in lithium-ion batteries. This … Read the full press release
Posted in Automotive, Energy, Gas & Oil, Finland, Industrial, Investment, Metals and Minerals
Tagged acquisition, battery, cobalt, Crisolteq, Fortum, hydrometallurgical recycling, investment, Kalle Saarimaa, lithium-ion batteries, manganese, nickel, recycling, recycling of battery metals, valuable metals
(PRESS RELEASE) HELSINKI, 5-Dec-2019 — /EuropaWire/ — The Fortum-Rusnano wind investment fund announced it is taking on its fifth project out of the total 1,823 MW awarded to the fund in the Russian wind auction during 2017 and 2018. The … Read the full press release
Posted in Energy, Gas & Oil, Finland, Investment, News, Russia
Tagged 50-MW Ulyanovsk 2 wind farm, Fortum, Fortum-Rusnano wind investment fund, Rostov Region, wind farm, wind power
ESPOO, 20-Jun-2018 — /EuropaWire/ — Fortum is participating in the Helsinki Electric Airplane Association’s project that is testing an electrically-powered airplane. The first serial produced electric airplane purchased in Finland, the Pipistrel Alpha Electro, is scheduled to take its maiden flight … Read the full press release
ESPOO, 07-May-2018 — /EuropaWire/ — Fortum takes a step forward in its Bio2x programme by establishing a joint venture together with Numaligarh Refinery Limited (NRL) and Chempolis for building and operating a biorefinery in Assam, India. Fortum will invest to the … Read the full press release
Posted in Energy, Gas & Oil, Finland, Industrial
Tagged Assam, Biomass, biorefinery, Chempolis, Fortum, Heli Antila, INDIA, Numaligarh Refinery Limited
ESPOO, 09-Jan-2018 — /EuropaWire/ — E.ON SE has today (08 January 2018) announced that it has decided to tender its 170,720,340 Uniper SE shares, corresponding to 46.65% of shares and voting rights, into Fortum’s public takeover offer. Furthermore, E.ON announced that … Read the full press release
Posted in Energy, Gas & Oil, Financial, Finland, Germany, Investment
Tagged Fortum, Pekka Lundmark, shares
ESPOO, 09-Jan-2018 — /EuropaWire/ — Fortum will deliver turbine and generator services for BIR Avfallsenergi AS and BKK Varme AS in Bergen. The contract was signed on 19 December 2017. It is a 8 year service agreement and started from 1 … Read the full press release
ESPOO, 03-Oct-2017 — /EuropaWire/ — Fortum has made a final investment decision on the Sørfjord windfarm in Northern Norway. Sørfjord is part of the wind portfolio that Fortum acquired from Nordkraft earlier this year. The Sørfjord wind park will have 23 … Read the full press release
Posted in Energy, Gas & Oil, Finland, Norway
Tagged Fortum, Philippe Stohr, Sørfjord windfarm, windfarm
ESPOO, 03-Oct-2017 — /EuropaWire/ — At the most recent Assembly of the Academy Pekka Lundmark and five other international members were inducted. To be inducted as a member is considered to be both an honor and an acknowledgement of outstanding contributions. … Read the full press release
ESPOO, 03-Apr-2017 — /EuropaWire/ — Fortum and Ekokem teamed up in 2016 to form a major Nordic circular economy company. Following the successful integration of Ekokem’s operations, Ekokem will now also become Fortum. Ekokem’s brand will be changed to Fortum from … Read the full press release
ESPOO, 03-Apr-2017 — /EuropaWire/ — Mayor of Espoo Jukka Mäkelä and Fortum President and CEO Pekka Lundmark signed an agreement on 28 March 2017 to continue the implementation of shared energy targets and the development of city solutions in Espoo. “EU studies … Read the full press release
ESPOO, 20-Mar-2017 — /EuropaWire/ — The joint venture Kauno Kogeneracinė Jėgainė (KKJ), owned by Fortum and Lietuvos Energija, will build a waste-to-energy combined heat and power plant (CHP) in Kaunas, Lithuania. On 16th March KKJ signed contracts for the main equipment … Read the full press release
Posted in Energy, Gas & Oil, Environment, Finland, Lithuania
Tagged Fortum, Kaunas, Kauno Kogeneracinė Jėgainė, Lietuvos Energija, Waste-to-Energy Power Plant
ESPOO, 11-Jan-2017 — /EuropaWire/ — The transaction consists of the Nygårdsfjellet wind farm, which is already operational, as well as the fully-permitted Ånstadblåheia and Sørfjord projects. Fortum is preparing for the construction of the Ånstadblåheia and Sørfjord projects, expected to be commissioned in … Read the full press release
Posted in Energy, Gas & Oil, Finland, Investment, Norway
Tagged acquisition, Fortum, Nordkraft, Norwegian company, wind power projects
HELSINKI, 18-Oct-2016 — /EuropaWire/ — Fortum’s combined heat and power plant Chelyabinsk GRES was inaugurated today in Russia. Chelyabinsk GRES unit 1 has been in commercial operation since December 2015 and unit 2 since March 2016. Speaking at the inauguration event, Fortum’s President … Read the full press release
Posted in Energy, Gas & Oil, Finland, Russia
Tagged Alexander Chuvaev, Chelyabinsk GRES, Fortum, heat and power plant, Pekka Lundmark, RUSSIA
ESPOO, 06-Sep-2016 — /EuropaWire/ — On 31 August 2016 Fortum announced that it has completed the acquisition of Ekokem Corporation. From the end of August 2016 onwards, Ekokem will be integrated into Fortum Group as a business area of the City … Read the full press release
Posted in Energy, Gas & Oil, Finland, Management
Tagged Ekokem, Fortum, Jani Lösönen, Karri Kaitue
ESPOO, 06-Sep-2016 — /EuropaWire/ — Fortum invites start-ups, software developers and service designers to apply to take part in the “Hack the Solar” hackathon on 21–23 October. The event will bring together the brightest minds to improve the solar panel purchasing … Read the full press release
Posted in Energy, Gas & Oil, Finland, Marketing, Society, Technology
Tagged Fortum, solar energy, Timo Liiri, “Hack the Solar” hackathon
ESPOO, 30-May-2016 — /EuropaWire/ — Fortum has signed an agreement with the four biggest owners of Ekokem Corporation, representing approximately 81% of the shares, to acquire their shareholding in the company for approximately EUR 470 million. This would correspond to a debt … Read the full press release
Posted in Business, Finland, Management
Tagged Ekokem Corporation, Fortum, leading Nordic circular economy company
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
