Your reliable energy partner
Fortum industrial partnerships: together with us, the complex world of energy becomes easier
With a century of experience in the Nordic energy system, we have developed ways to unlock reliable, low-carbon energy at scale and have gained deep expertise in risk evaluation. This enables us to help our partners navigate through an ever-changing energy market. We are committed to driving the energy transition and seek partnerships with hard-to-abate industries to assist them on their decarbonisation journey.
Joint projects with energy-intensive industries
Companies are working to meet their climate goals and reduce carbon emissions. Switching to low-carbon energy sources is an integral part of their effort.
Fortum is a provider of scalable fossil-free power, helping long-term partners balance risks and ensure predictability in a volatile market. Our deep expertise and low-carbon, efficient and flexible energy production help societies and customers achieve their climate goals. Collaboration and sharing best practices are essential. Fortum has a vision for joint projects to meet the needs of hard-to-abate industries through renewable energy developments, small modular reactors and hydrogen initiatives.
Anchored critical areas
Renewable energy developments
New nuclear as a future option
Hydrogen initiatives
Renewable energy developments
Renewable energy plays a vital role in the energy transition. Wind and solar are particularly attractive due to their lower investment costs and their ability to quickly scale low-carbon energy production. We are actively expanding our wind and solar portfolios.
With excellent wind conditions in our home markets, and with increased efficiency through larger rotors and economies of scale, wind power is a key part of low-carbon electricity production.
Our most recent achievement is the 380 MW Pjelax wind farm in Ostrobothnia, which was completed in collaboration with the energy company Helen Ltd. Pjelax is the third-largest wind farm in Finland.
Fortum also has experience developing solar power projects from India to the Nordics. Fortum has approximately 5 gigawatts (GW) of wind and solar projects in the permit process across the Nordic countries. One of Fortum’s strategic targets is to develop at least 800 MW of ready-to-build onshore wind and solar projects by the end of 2026.
New nuclear as a future option
Nuclear power can benefit society by operating without carbon emissions and helping to mitigate climate change. It can balance unpredictable renewable energy production, helping to secure supply and stabilise the electricity system. For our customers it offers stable electricity supply profile.
Fortum has over 45 years of experience in nuclear power. We believe that new nuclear power can play an important role in a resilient and competitive low-carbon Nordic power system. Our analysis shows that both large and small reactors could have their roles in the energy landscape. To truly proceed with new nuclear power, it is necessary to collaborate and share risks among stakeholders, ensuring both economic and environmental success. Fortum develops new nuclear as a long-term option to meet future customer demand in the Nordics.
Hydrogen initiatives
Direct electrification is not economically feasible for some industries, such as steel and heavy transportation. Other ways to reduce emissions are possible, with hydrogen being clearly the most feasible and mature solution. Hydrogen can be used in industrial processes either directly or through derivatives, such as synthetic methanol or methane.
Power-to-X (P2X) is when electricity is transformed into another form of power to be used later, such as using solar energy to produce hydrogen. Partnerships are needed to develop the promising P2X potential in the Nordic energy and chemical industries.
Read more about Fortums pilot hydrogen production in Loviisa
Discover more from our whitepapers
Cost-effective hydrogen production in the Nordics
Download the complete whitepaper where we explain what RFNBO is, define the RFNBO requirements for various power price areas in the Nordics (Norway, Sweden and Finland), and showcase the benefits the Nordic countries offer for RFNBO investments.
Nordics a great place for industrial decarbonisation
Discover more about Europe’s power production landscape, the reasons why the Nordics is a prime destination for energy-intensive investments, and the numerous exciting decarbonisation projects that are emerging in the area.
Our assets for electrification
Wind power – a renewable and clean source of energy
Solar power – unlimited source of energy
Fortum launches pilot hydrogen production facility in Loviisa
