Innovating for the future of energy
For decades, Fortum has generated power, traded in energy markets and served millions of homes and businesses across the Nordics. Today that experience goes into accelerating electrification with customers and society, towards a world where people, businesses and nature thrive together.
Industries need to cut emissions and stay competitive, while businesses and households need to manage an energy system that is more complex and more volatile than before. Electrification answers much of this, but many of these needs call for solutions that do not exist yet, and they will come from many places: from startups, and from within companies like ours.
Fortum Innovation & Venturing is here to identify these opportunities early, and to build and grow them together with the people behind them. Depending on the opportunity, this can mean investing, building a new venture, or exploring a commercial collaboration.
Who we work with
Founders, investors and industry partners, and what we can offer each.
Our focus
Three areas where we see the greatest potential for the future of energy.
The future energy system is built together
The opportunities opened by the energy transition are bigger than any one company. Turning a promising idea into something that works takes expertise, investment, customers, and the right partners.
Startups bring new technologies, investors and funds bring a market-wide view, and industry brings the scale where solutions must hold up. In the end, the energy system itself shows what works.
We work with all of them from inside Fortum, an energy company with its own power generation, its own trading, and millions of customers across the Nordics. We back the companies we believe in with money, people and real business context, and work alongside them as they grow.
Together, we explore how emerging opportunities can become real solution and real growth, for the companies we back and for the customers who need what they build.
Where you come in
Founders, startups & innovators
A new solution has to prove itself in a live energy system. We work with founders and startups exploring what’s next in energy, bringing deep industry expertise, investment and connections across Fortum and our broader networks.
VCs & investors
Different perspectives help us see further. We work with VCs and investors who share our conviction in the opportunities created by electrification and bring their own view of where markets, technologies and business models are heading. Together, we build a broader picture of what’s next in energy.
Industry & ecosystem partners
Moving innovation forward takes more than a good idea: it takes the right expertise, collaboration and real-world context. We work with companies, research organisations, universities and other partners across the ecosystem to explore new opportunities, test ideas and bring different strengths together.
Where we put our energy
Opportunities are emerging across the energy landscape. We focus on three areas where we see the greatest potential, and where innovation can strengthen Nordic competitiveness, energy security and the transition away from fossil fuels.
Future energy systems
We back innovations in low-carbon energy production, storage and infrastructure.
Intelligent operations
We back software and services that enable flexibility, optimization and automation across the energy system.
Industrial decarbonisation
We back solutions that help industries electrify, reduce emissions and move towards fossil free operations.
We pursue opportunities across these domains through venture building, startup investments and VC fund partnerships. Today we manage around EUR 200 million across 80+ ventures.
From opportunities to impact
News, articles and insights
Let's build what's next
We're thirty people across the Nordics, working in investing, venture building, strategic insight, partnerships, and communications. We've spent years in the energy industry and years working with partners across the startup and innovation ecosystem.
Pitching, partnering or just exploring? Tell us what you're working on. We'd love to hear about it.
