Fortum will participate in the Sustainable Bioenergy Solutions for
Tomorrow (BEST) research programme established by two Strategic Centres for
Science, Technology and Innovation (SHOK), CLEEN Oy and FIBIC Oy, in Finland
and India. The programme is the first joint programme of the two SHOKs, and its
goal is to encompass a completely new kind of collaboration between forest and
energy know-how. TERI (The Energy and Resources Institute) is the main partner
from India during the first phase of the programme.
“The demand for bioenergy for various purposes will increase and
international trade will expand. As a result, new means and business models for
responsible management of the bioenergy chain will be needed. The goal of the
new research programme is to develop a radically improved way of operating as
an ecosystem of bioenergy, i.e. as a whole,” says Marja Englund, R&D Manager, responsible for the collaboration
The long-term goal of Fortum’s research and development efforts is to
enable a sustainable, carbon dioxide-free future. Bioenergy is an important
energy source, and its acquisition and use in energy production must be
ecologically, economically and socially sustainable.
“Cooperation between TERI Nordic and Fortum Corporation will provide
clear opportunities to address the energy challenges faced by a large number of
Indian states and union territories, particularly in the east and south, by
introducing next generation of renewable energy technologies and production
pathways developed by Fortum.” says Dr.
Pradipta Halder, Director, TERI Nordic. "Foreign collaboration
can bring state of the art technologies into the country especially clean
energy technologies and expertise for efficient ways of producing and
distributing power all over the country", he continues.
High efficiency of primary energy and the possibility to flexibly use
different biomasses for fuel are characteristic to CHP production. Scarcity of
natural resources and emissions issues will increase the value of CHP
production in the future, which could present a significant opportunity for
exporting Finnish know-how.
collaboration to improve living conditions in India
Significant international research collaboration with, e.g. India will
be part of the programme. In India, which is one of the world’s fastest growing
economies, energy supply is a key factor in creating better living conditions
and in social and industrial development. Emerging economies have their own unique
characteristics, and the differences are often substantial when compared to old
industrialized countries. The successful exporting of Finnish know-how requires
a good understanding of the target areas and their development potential. In
India, electricity production can’t keep up with the growing demand, and fuel scarcity
and environmental issues are significant challenges already today.
“Energy-efficient CHP production has a lot of potential in India, and
Finnish know-how can offer solutions for understanding and capitalising that potential.
Fortum has operated in India since early 2012 with a goal to assess the opportunities
for participating in the development of India’s energy sector by investing
particularly in CHP production, which would provide steam and electricity for
energy-intensive industry. The programme being launched is very interesting and
supports our ambition of utilising locally sourced biofuels whenever possible,”
says Maria Paatero-Kaarnakari, Senior
Vice President, Fortum Asia.
Participants in the new research programme include several forest, energy,
technology and consultancy companies as well as universities and research institutions.
The research programme will last four years with an annual volume of about four
million euros. Tekes (the Finnish Funding Agency for Technology and Innovation)
is providing 4.2 million euros in funding for the first two-year period of the programme.
Additional information: Maria Paatero-Kaarnakari, Senior Vice President,
Fortum Asia. Tel +918527694499
Fortum's purpose is to create energy that improves
life for present and future generations. We provide sustainable solutions that
fulfil the needs for low emissions, resource efficiency and energy security,
and deliver excellent value to our shareholders. Our activities cover the
generation, distribution and sales of electricity and heat as well as related
Fortum's operations focus on the Nordic countries,
Russia, Poland and the Baltics. In the future, the integrating European and
fast-growing Asian energy markets provide additional growth opportunities. In
2012, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit
was EUR 1.7 billion. We employ approximately 10,400 people. Fortum’s shares are
quoted on NASDAQ OMX Helsinki.
Further information: www.fortum.com