Fortum Oyj (FOT0)

Overview

Fortum Oyj is a leading energy company that operates predominantly in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company is involved in the generation and sale of electricity and heat, leveraging a diverse mix of energy sources including nuclear, hydro, wind, and solar power. Founded in 1998 and headquartered in Espoo, Finland, Fortum Oyj has grown to offer a wide range of energy solutions, including district heating and cooling as well as services aimed at decarbonization. The company's operations are segmented into Generation and Consumer Solutions, demonstrating its integrated approach to energy production and customer services. With its commitment to sustainable energy, Fortum Oyj serves approximately 2 million customers, solidifying its position as a prominent player in the global energy market.

Products and Services

• Electricity and Heat Generation:

  Fortum Oyj generates electricity and heat using several renewable and low-emission sources. This includes nuclear power, harnessing the atom's energy for reliable base-load electricity; hydro power, utilizing water flow for clean energy production; wind power, converting wind energy into electricity; and solar power, capturing sunlight for clean electricity. Together, these methods support Fortum Oyj’s dedication to sustainable and environment-friendly energy solutions.

• District Heating and Cooling:

  As part of its Generation segment, the company provides district heating and cooling solutions, which are essential for urban sustainability. District heating involves the distribution of heat produced in a centralized location for residential and commercial heating requirements. Similarly, district cooling uses central plants to provide cooling services to buildings. These services contribute to reducing carbon footprints by improving energy efficiency and reliability.

• Decarbonization Services:

  Fortum Oyj plays a significant role in efforts to decarbonize the energy sector. The company offers various services aimed at reducing carbon emissions from energy generation and consumption. Through technology and innovation, Fortum supports a transition towards a cleaner energy system, aligning with global goals to combat climate change.

• Electricity and Gas Retail:

  The Consumer Solutions segment of Fortum Oyj focuses on electricity and gas retail businesses. This includes not only the supply of electricity and gas to consumers but also providing invoicing and customer service. Fortum has tailored its offerings to meet the needs of modern consumers, offering electricity and related value-added products, along with innovative digital services. This segment underscores the company's commitment to delivering exceptional service and support to its customers.