As a leading energy company in Finland, we focus on the production of electricity, district heating and cooling, electricity sales and smart solutions for the future. Energy companies and energy-intensive industries turn to us for our energy production-related expert services as well. In Finland, all our electricity contracts for consumers are CO2 free energy.
Fortum has in total 33 owned or co-owned hydropower plants. In addition to hydropower plants, Fortum owns a nuclear power plant in Loviisa. In the spring of 2022, we applied for a new operating license for both units of the Loviisa nuclear power plant until the end of 2050. At the same time, we also applied for a permit to use the low and intermediate level waste disposal facility located in the current power plant area of Loviisa until the end of 2090. Fortum is also a co-owner of the Olkiluoto nuclear power plant.
Fortum also produces district heating and cooling and sells it to its industrial and private customers. Fortum has a combined heat and power (CHP) plant in Espoo, Finland. Fortum and the City of Espoo have committed to carbon-neutral district heating production in the district heating network operating in the Espoo, Kauniainen and Kirkkonummi areas during the 2020s. The intermediate goal is to phase out coal during 2025. This carbon neutrality project is called Espoo Clean Heat. Fortum also has a part-owned CHP plant in Naantali.
The company is also developing new sources of heat production methods like open district heating, where customer-produced heat is used in district heating (e.g. data centers, hospitals, laundry operations).
Fortum's waste solutions offer sustainable turnkey solutions of the highest quality to treat hazardous waste and ensure safe final disposal. We offer our customers also conventional waste recycling, such as for metal, biological, paper, cardboard and paperboard waste. Our aim is to turn waste into new raw material whenever possible and keep it in circulation and utilized again and again.
Fortum’s headquarters is located in Espoo, Finland.