Tag Archives: Fortum

Fortum Completes PLN 120 Million Acquisition of Orange Energia to Expand Polish Retail Footprint

Posted on 1, July 2025 by

(IN BRIEF) Fortum has completed its acquisition of Orange Energia Sp. z o.o. in Poland for up to PLN 120 million (EUR 28 million), paying about PLN 90 million in cash at closing and deferring the remainder to early 2029 … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Infrastructure & Utilities, Investment, Management, Marketing, News, Poland, Retail, Technology

Tagged , , , , , , , , , , , , , , , , , ,

Fortum and P2X Solutions Forge Partnership to Deliver Green Hydrogen from Kalla Test Center

Posted on 25, June 2025 by

(IN BRIEF) Fortum will supply green hydrogen to P2X Solutions under a new sales agreement, with hydrogen produced at Fortum’s 2 MW Kalla test center in Loviisa. P2X Solutions will handle onward distribution to its customers. This partnership strengthens Finland’s … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology

Tagged , , , , , , , , , , ,

Fortum Announces Leadership Change as Tero Holländer to Step Down in August 2025, Anssi Airas to Take Over

Posted on 27, May 2025 by

(IN BRIEF) Fortum announces that Tero Holländer, Head of Business Line Batteries, will depart the company in August 2025 to pursue new opportunities. Anssi Airas, currently IT Director at Fortum Battery Recycling, will succeed Holländer. Holländer reflects on his rewarding … Read the full press release →

Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management, News, Technology

Tagged , , , , , , , , , , , , , , , ,

Fortum Earns Nomination for Best Customer Service in Norway’s Electricity Sector After Significant Customer Engagement

Posted on 7, May 2025 by

(IN BRIEF) Fortum has been nominated once again for Norway’s Best Customer Service in the electricity sector, reflecting its commitment to customer satisfaction. The nomination follows over 20,000 customer interviews, and the award ceremony will take place during the Customer … Read the full press release →

Posted in Awards, Business, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News, Norway, Technology

Tagged , , , , , , , , , , , , , , , , ,

Vaisala’s Xweather Optimize Helps District Heating Providers Save €300,000 Annually by Improving Weather Forecast Accuracy

Posted on 30, April 2025 by

(IN BRIEF) Vaisala’s Xweather Optimize enhances the accuracy of weather forecasts for district heating providers, leading to savings of up to €300,000 annually. By improving forecast accuracy, district heating operators can optimize energy production and distribution, reduce operational costs, and … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Infrastructure & Utilities, Investment, Management, News, Technology

Tagged , , , , , , , , , , , , ,

Fortum Unveils Advanced Hydrogen Strategy with Kalla Pilot Plant to Power Low-Carbon Future

Posted on 6, March 2025 by

(IN BRIEF) Fortum is driving the global shift to a low‐carbon energy future by launching innovative hydrogen solutions showcased at the Hydrogen Summit & Expo in Tampere. Central to its strategy is the Kalla Hydrogen Pilot Plant in Finland, a … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Fortum and City of Loviisa Reach Agreement for Land Sale Near Power Plant

Posted on 3, March 2025 by

(IN BRIEF) Fortum and the City of Loviisa have reached an agreement for the sale of approximately 300 hectares of land near the Loviisa power plant. Valued at 10.6 million euros, the land sale is subject to approval by the … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

Tagged , , , , , , , , , , , , , , , , , , ,

Fortum Launches Feasibility Study to Expand Pumped Hydro Storage in Sweden

Posted on 12, February 2025 by

(IN BRIEF) Fortum has initiated a two-year feasibility study to explore the potential for new pumped hydro storage plants in Sweden, focusing on three specific regions: Lekstjärnen, Bastvålen, and Höljessjön. The study will assess the economic, technological, environmental, and regulatory … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology

Tagged , , , , , , , , , , , , , , , , , , , , , , ,

Fortum Invests in Key Upgrades for Loviisa Nuclear Power Plant’s Seawater Pump System

Posted on 12, December 2024 by

(IN BRIEF) Fortum is renewing the main seawater pumps and motors at its Loviisa nuclear power plant as part of investments to extend the plant’s lifespan and ensure reliable electricity production. The seawater pumps, critical to the plant’s cooling system, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

Tagged , , , , , ,

Fortum Completes 2024 Loviisa Nuclear Power Plant Maintenance, Enhances Fuel Supply with Westinghouse Partnership

Posted on 11, October 2024 by

(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 →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

Tagged , , , , , ,

AFRY Partners in Revamping Sweden’s Historic Untra Hydropower Plant

Posted on 6, September 2024 by

(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 , , , , , , ,

Fortum Embarks on a New Chapter: Integrating Hydropower Maintenance Team for Enhanced Efficiency and Community Focus

Posted on 4, June 2024 by

(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 →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology

Tagged , , , , ,

Fortum to Enhance Loviisa Nuclear Power Plant’s Efficiency with Turbine Modernisation

Posted on 30, May 2024 by

(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 →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

Tagged , , , , , ,

Fortum Commits to Clean Energy Future with Malta Hydropower Plant Modernization

Posted on 17, April 2024 by

(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 →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology

Tagged , , , , , , ,

Fortum Commits to Ambitious Emissions Reduction Targets in Line with Climate Science

Posted on 5, April 2024 by

(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 , , , ,

Leading the Charge: Nordic Leaders Fortum and Hydrovolt Team Up to Revolutionize Battery Recycling

Posted on 29, February 2024 by

(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 , , , , , , , , , , , , , , , , ,

Fortum Receives A- Rating for Climate Efforts in 2023 CDP Report

Posted on 13, February 2024 by

(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 , , , , , ,

Fortum Initiates Change Negotiations Amidst Efficiency Program, Anticipating Possible Job Reductions

Posted on 26, January 2024 by

(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 , ,

Fortum’s Loviisa Plant Extends License Until 2050, Paving the Way for 170 TWh of CO2-Free Power

Posted on 4, January 2024 by

(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 →

Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, News

Tagged , , , , , , , , , ,

Fortum and Studsvik Collaborate to Explore New Nuclear Options for Sweden’s Green Transition

Posted on 17, November 2023 by

(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 , , , , , , , , ,