(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
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