Icelandic ON Power chooses Fortum Charge & Drive


ON Power, an Icelandic power company, has chosen Fortum’s Charge & Drive
business system for operating their electric vehicle charging infrastructure in
Iceland. By choosing Charge & Drive, the leading business system for smart
charging operations, ON Power will provide a user friendly solution for
electric vehicles (EVs). ON Power estimates that at least ten charging stations
will be in operation by the end of 2015.

-We were interested in finding a partner who had a clear idea about how a
network of charging stations could be operated to support ON Power’s strategy,
says Ásdís Gíslason, Marketing Manager, ON Power. -Fortum Charge & Drive has a
high professional standard, and it is highly recognised in the business, so the
choice was easy.

The agreement enables ON Power to operate their smart chargers which will be
placed in southwest Iceland. Fortum will supply the cloud-based Charge & Drive
system, which provides solutions for managing the customer experience,
infrastructure and charging business.

-The fact that ON Power chose to partner with Fortum in Iceland is a testament
to our Charge & Drive platform. We are dedicated to supporting ON Power to
create good customer experiences in Iceland. With this agreement, Charge &
Drive is taking the first step outside our home markets of Norway, Sweden and
Finland. We are very excited and look forward to good cooperation, says Rami
Syväri, Program Manager International Expansion, Fortum Charge & Drive

Backed by more than ten years' experience in developing charging solutions for
electric vehicles, today Fortum’s Charge & Drive is one of the market’s
leading business systems for charging station operations. The platform is
offered as a service for any operator wanting to expand step-by-step with its
“pay as you grow” business model.

-Charge & Drive helps anyone who wants to offer charging services by getting
their stations connected to a platform that has access to all the
functionalities we offer. You start with the basic functionalities and can
later add more advanced services as needed, says Fortum's Rami Syväri.

Fortum Corporation
Corporate Communications

Further information:
Ásdís Gíslason, Marketing Manager, tel +354 591 2715, e-mail:
Rami Syväri, Program Manager, International Expansion, Fortum Charge & Drive,
tel +358 40 709 5566, e-mail:





About ON Power
ON Power is a leading power company that produces electricity, mainly by
harnessing geothermal energy, to more than half of the population of Iceland.
The company is a world leader in the utilisation of geothermal energy, and
produces electricity and geothermal water for heating.

Renewable power sources account for more than 70% of the total primary energy
consumption in Iceland, far higher than anywhere else in the world. Our
district heating utility is the largest geothermal district heating utility in
the world.

About Fortum Charge & Drive
The Charge & Drive network is operating in Norway, Sweden and Finland. In
total, the network in the Nordic countries is expected to consist of nearly 400
connected smart chargers by the second quarter of 2015. Companies such as
Nissan, Renault, BMW, VW and McDonald's have chosen to partner with Fortum
Charge & Drive for delivering a high-quality charging experience.

Fortum’s purpose is to create energy that improves life for present and future
generations. Catering to the versatile needs of our customers, we generate,
distribute and sell electricity and heat, and offer related expert services.
Our operations focus on the Nordic and Baltic countries, Russia and Poland. In
2014, Fortum’s sales totalled EUR 4.75 billion and comparable operating profit
was EUR 1.35 billion. We employ approximately 8,800 people. Fortum’s shares are
traded on the Nasdaq Helsinki.