(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
ESPOO, 12-Apr-2016 — /EuropaWire/ — Fortum’s solar strategy targets a wider geographic scope than the company’s current business portfolio, and hence will entail entering selected new locations globally. Fortum will carefully select a few geographies with excellent solar conditions. With technologies … Read the full press release
Posted in Energy, Gas & Oil, Finland, Management
Tagged Fortum, gigawatt-scale wind, solar portfolio
ESPOO, 12-Apr-2016 — /EuropaWire/ — Fortum has acquired the Swedish IT company Info24, a company specialised in the development of business solutions within the IoT, Internet of Things. The parties have agreed that they will not disclose the transaction price. Fortum and Info24 … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Internet & Online, Management, Sweden, Technology
Tagged Fortum, Info24, sustainable city solutions, Swedish IT company
Espoo, Finland, 3-12-2015 — /EuropaWire/ — The Swedish power company Eskilstuna Energi & Miljö refurbishes its biofuel-driven thermal power station. The aim is to secure supply of district heating for the next 20 years and to reduce NOx emissions by 5 – … Read the full press release
ESPOO, 24-11-2015 — /EuropaWire/ — Fortum will supply a boiler unit refurbishment project at a biofuel-fired combined heat and power plant owned by Eskilstuna Energi & Miljö AB in Sweden. Fortum was selected as a provider for the project on the … Read the full press release
HELSINKI, 8-6-2015 — /EuropaWire/ — Fortum has today completed the divestment of its Swedish electricity distribution business, which was announced on 13 March 2015. The transaction has all the necessary regulatory approvals and the customary closing conditions have been met. The total consideration … Read the full press release
Additional investment further supports the competitiveness of the Grangemouth site as INEOS begins construction of its new £300 million ethane terminal. Rolle, Switzerland, 7-10-2014 — /EuropaWire/ — INEOS Industries Holdings Ltd has agreed to acquire the Combined Heat and Power … Read the full press release
Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum has signed an agreement with Rolls-Royce about the modernisation of automation at its Loviisa nuclear power plant in Finland. The parties have agreed not to disclose the value of the agreement. The modernisation will be carried … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Management, Technology
Tagged Finland, Fortum, Loviisa Nuclear Power Plant automation, Rolls-Royce, Tiina Tuomela
Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum and Areva-Siemens Consortium have agreed on discontinuation of the current automation modernisation project agreement. Areva-Siemens Consortium will complete the ongoing agreed and resized work in cooperation with Fortum. Fortum is convinced that a new solution to continue the … Read the full press release
Hayle, UK, 28-2-2014 — /EuropaWire/ — Finnish multi-national utilities firm Fortum has signed an agreement to secure a berth at Wave Hub, the offshore renewable energy test facility in Cornwall, it was announced today. The leasing agreement gives Fortum the opportunity to … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Infrastructure & Utilities, United Kingdom
Tagged advanced full scale wave power converters, berth, Chris Pomfret, Cornwall, Finnish multi-national utilities firm, Fortum, giant ‘socket’ on the seabed, grid network onshore, Hayle, Heli Antila, Jason Clark, Michael Fallon, Nordic utilities giant, offshore renewable energy, offshore renewable energy test facility, UK Department for Business Innovation and Skills, Wave Hub, Wave Hub Limited
Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum is carrying out extensive refurbishment of two of the Imatra hydropower plant’s seven units. The refurbishment will increase the capacity of the power plant to 192 megawatts and will improve safety and reliability. After … Read the full press release
Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum has signed a leasing agreement with the UK-based Wave Hub in order to test wave power solutions off the coast of Cornwall. The agreement provides Fortum with a new opportunity to rapidly deploy advanced, full-scale wave power converters … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Infrastructure & Utilities, United Kingdom
Tagged emissions-free energy, Finnish wave power company Wello, Fortum, Heli Antila, inexhaustible energy, leasing agreement, off the coast of Cornwall, renewable energy sources, solar economy, UK-based Wave Hub, Wave Hub, wave power, wave power converters, wave power solutions
Bremen, Germany, 17-1-2014 — /EuropaWire/ — wpd europe GmbH buys the wind farm project Tohkoja, situated on Finland’s west coast, from Finnish energy provider Fortum. wpd is planning the project with up to 26 wind turbines and an overall capacity of up … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Investment
Tagged acquisition, Fortum, Helge Rau, Jokela, Kalajoki, Mäkikangas, Tohkoja, wind farm, wind farm project, wpd europe GmbH
Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has agreed to sell its electricity distribution business in Finland to Suomi Power Networks Oy, which is owned by a consortium of Finnish pension funds Keva (12.5%) and LocalTapiola Pension (7.5%) together with international … Read the full press release
Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has completed the assessment of the future alternatives of its electricity distribution business that was launched in January 2013. After thorough consideration, the company has concluded that divesting the electricity distribution business is the best solution … Read the full press release