Fortum
Fortum was founded in 1998. The plan was to create a new energy group by combining the businesses of state owned Imatran Voima (IVO) and the listed company Neste Oyj. We commence Environmental Impacts Assessment (EIA) on a new nuclear power unit possibly to be built in Loviisa, Finland, and decides to build a new combined heat and power plant in Espoo, Finland. New, tight specific emissions targets are set for power and heat generation and a new Energy Efficiency Solutions unit and a new Renewables unit within our Power Generation business are established. Heat businesses in Poland and the Baltic countries are expanded.
Company details
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- Business Type:
- Manufacturer
- Industry Type:
- Renewable Energy
- Market Focus:
- Globally (various continents)
- Year Founded:
- 1998
- Employees:
- Over 1000
This company also provides solutions for other industrial applications.
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About us
With our updated strategy, we will continue to drive the change for a cleaner world. We are securing a fast and reliable transition to a carbon-neutral economy by providing customers and societies with clean energy and sustainable solutions.
In alignment with the EU’s ambition and the goals of The Paris Agreement, we target carbon neutrality by 2050 at the latest and in our European fleet already by 2035.
Greenhouse gas emissions need to be reduced in all sectors, not just in energy but also in heating, cooling, industry and transportation. With Uniper, we are now a major European clean power and gas company – well-positioned to drive the clean energy transition. In addition, we have competencies and solutions to help our industrial and infrastructure customers to decarbonize their operations and improve their environmental footprint.
The updated strategy for Fortum Group has four strategic priorities
- Transform our own operations to carbon neutral
- Strengthen and grow in CO2-free power generation
- Leverage strong position in gas to enable the energy transition
- Partner with industrial and infrastructure customers