Solution to manage and analyse electricity exchange Urgent market messages (UMM) in real time wins Fortum hackathon

​FORTUM CORPORATION ONLINE NEWS 16 May 2016

Fortum and Industryhack arranged a #HackTheTurbine hackathon on 13–15 May at Fortum headquarters in Espoo. Solution to manage and analyse electricity exchange Urgent market messages (UMM) in real time was rewarded as the winner. There were 35 hackers from 7 countries participating in the event. The target of the hackathon was to bring talented teams and Fortum experts together to find ideas and solutions as well as new ways to enable fast-paced innovation.

After an intense 3-day hackathon, the teams presented their work to the jury. Among the many excellent ideas, team Proximity was chosen as the winner. The winning team’s idea focused on electricity trading. Team Proximity members were Arto Ahde, Akatsuki Liu and Alexander Rodichev.

During the weekend participants ideated and developed solutions for predictive maintenance and electricity trading with technologies such as machine learning, data visualisation, augmented and virtual reality. Fortum provided the participants with real time and history data on energy production from several production units.

 “It has been great to see these talented teams innovate and what they have achieved during a few days. The teams understood our needs well and have presented good and usable ideas. It has not been easy to choose the winner and that is why we rewarded four teams, more than planned. In the winning team's idea the jury valued easiness of use and how they integrated to analytics tacit information, and we see a lot of development potential in this idea,” says Heli Antila, Chief Technology Officer.

“As stated in our new strategy open innovation cooperation with start-ups and software developers is important to us. We want to find new and agile ways to cooperate in innovation. The hackathon provided us with a lot of new ideas,” she continues. “It’s very likely that some of the solutions created will be developed further.”

Fortum Corporation
Corporate Communications

Further information: 
Fortum: Sari Vehtari, 040 565 4506 tai sari.vehtari@fortum.com
Industryhack: Petri Vilén, 040 706 9094 tai petri@industryhack.com


Read more:
Photos of the event can be found on Fortum web
www.fortum.com/en/products-and-services/hackathon/Pages/default.aspx
Online news 13 May 2016: Fortum’s Hack the Turbine hackathon on 13-15 May:
http://www.fortum.com/en/mediaroom/Pages/Fortum%e2%80%99s-Hack-the-Turbine-hackathon.aspx)

Fortum
Fortum's vision is to be the forerunner in clean energy. We provide our customers with electricity, heat and cooling as well as other energy solutions that improve present and future life. Already 64% of our electricity generation is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia, Poland and India. In 2015, we employed some 8,000 energy sector professionals, and our sales were EUR 3.5 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com