Tag Archives: Fortum

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

(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

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

(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

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

(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

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

(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

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

(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

Finland’s Meri-Pori Coal Plant Reserved for National Emergency Preparedness

(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

Annual Outage Initiates at Fortum’s Loviisa Nuclear Power Plant for Maintenance and Modernization

(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

SSAB and Fortum Collaborate on FEED Study for Fossil-Free Sponge Iron Production in Finland

(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

Fortum Signs MoU with KHNP to Enhance Safety and Efficiency of Nuclear Power Plants

(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

Outokumpu und Fortum bündeln ihre Kräfte, um nachhaltige Nukleartechnologien für die Stahlherstellung zu erforschen

(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

Outokumpu and Fortum Join Forces to Explore Sustainable Nuclear Technologies for Steel Manufacturing

(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

Fortum y Outokumpu unen fuerzas para descarbonizar la fabricación de acero con tecnología SMR

(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

Fortum and Outokumpu Join Forces to Decarbonize Steel Manufacturing with SMR Technology

(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

Neste ahead of schedule on its commitment to use 100% renewable electricity

(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

University of Helsinki new artificial intelligence methods for industrial and fusion research part of ITER fusion reactor in Southern France

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

Innovative battery solution created by Fortum, Volvo Cars, and Comsys installed at Landafors hydropower plant in Sweden

(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

Fortum Group new biodiversity targets: at least 12 voluntary measures enhancing biodiversity to be implemented in 2021

(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

Dr. Christian Jacobsson will lead Fortum’s newly established Data Science & Analytics unit

Dr. Christian Jacobsson will lead Fortum's newly established Data Science & Analytics unit

(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

Fortum supports its battery business with the acquisition of Crisolteq

(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

Fortum-Rusnano wind investment fund starts a 50-megawatt (MW) wind power project in the Rostov region, Russia

(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

Fortum takes part in the first electric airplane project in Finland

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

Fortum to establish joint venture with Numaligarh Refinery Limited (NRL) and Chempolis for building and operating a biorefinery in Assam, India

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

E.ON SE to tender its 170,720,340 Uniper SE shares into Fortum’s public takeover offer

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

Waste to energy: Fortum to deliver turbine and generator services for BIR Avfallsenergi AS and BKK Varme AS in Bergen as part of 8 year service agreement

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

Fortum makes final investment decision on the Sørfjord windfarm in Northern Norway

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

Fortum: Pekka Lundmark inducted as international member in The Royal Swedish Academy of Engineering Sciences (IVA)

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

Ekokem’s brand will be changed to Fortum

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

Fortum and the City of Espoo continue partnership in developing carbon-neutral district heating

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

Waste-to-Energy Power Plant In Kaunas Starts Investment

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

Fortum finalises acquisition of three wind power projects from the Norwegian company Nordkraft

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

Fortum’s heat and power plant Chelyabinsk GRES inaugurated in Russia

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

Fortum announces the appointment of Jani Lösönen as new CEO of Ekokem

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

Fortum invites organisations to take part in the “Hack the Solar” hackathon on 21–23 October

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

Fortum to acquire majority stake in leading Nordic circular economy company Ekokem Corporation

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

Fortum targets gigawatt-scale wind and solar portfolio

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

Fortum to develop additional services and products for sustainable city solutions with the acquisition of Swedish IT company Info24

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

Maintpartner and Fortum to refurbish Eskilstuna Energi & Miljö biofuel-driven thermal power station in Sweden

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

Fortum to supply boiler unit refurbishment project at biofuel-fired combined heat and power plant in Sweden

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

Fortum completed divestment of its Swedish electricity distribution business to consortium of Första AP-Fonden, TredjeAP-Fonden, Folksam and Borealis Infrastructure Management

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

INEOS Industries Holdings Ltd acquires Grangemouth Combined Heat and Power Plant from Fortum for £54 million

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