CO2-free energy production Fortum's long-term aspiration

Fortum believes that the future energy system will be based on CO2-free
electricity production and energy efficiency. The roadmap in the company's
Sustainability Report 2010 describes Fortum's actions and development work
which will lead to a solar economy based entirely on emission-free and
inexhaustible sources of energy.

Electricity will play a central role in fulfilling constantly growing global
energy demand. At the same time the challenges of sustainability, such as
climate change and other environmental effects as well as diminishing natural
resources necessitate a transition from power production based on the use of
limited energy sources and fuel combustion to a more efficient energy system
with lower emissions. The future solar economy will utilise the sun's energy
either directly as solar power or heat or indirectly as hydro, wave and wind
energy, bio energy and geothermal heat.

“We are researching technologies that may bring future breakthroughs in energy
production, and we are participating in numerous solar economy development
projects. We already utilise hydropower and bio energy on a broader scale in
our production. Fortum believes that future eco-cities will be based on smart
grids, eco-efficient construction, electric transportation as well as
sustainable heating solutions, and we are taking part in developing these,”
said Anne Brunila, Executive Vice President, Corporate Relations and
Sustainability, Fortum.

Smart grids and development of the energy markets required

According to the International Energy Agency, the importance of electricity in
tomorrow's society will grow, and it will replace the use of traditional fuels.
In the solar economy, the electricity load adapts to production and electricity
production will be both centralised and distributed. In the future, smart grids
will make it possible for electricity consumers to also produce and sell

In addition to technological development, decisions on energy policies are
central in realising the solar economy. Electricity markets based on open
competition both in the wholesale and retail sectors will advance innovation
and cost efficient energy solutions. Social and political acceptance of
numerous energy forms ensures a stable, consistent and market-based investment
environment, are absolute requirements for new investments.

Anne Brunila's presentation was heard at an event discussing the requirements
for a solar economy, hosted by Fortum and attended by WWF and Aalto University.

More information:

Petra Lundström, Vice President, Chief Technology Officer, Fortum, tel. +358 10
45 35422,

Kari Kankaanpää, Sustainability Manager, Climate and Environmental affais,
Fortum, p. +358 10 45 32330, kari.t.kankaanpää

Ulla Rehell, Vice President, Sustainability, Fortum, p. +358 10 45 29251,