Fortum Oyj

Fortum Oyj (FOJCF) is a Finnish energy company, established in 1998 and headquartered in Espoo, that operates globally across diverse markets including the Nordic countries, Germany, the UK, Russia, the Netherlands, and the Baltic Rim area. The company's core business revolves around the production and sale of electricity and heat. Fortum's operations are structured into several key segments: Generation: This division is responsible for producing power from a variety of sources, including nuclear, hydropower, wind, and thermal energy. It also offers specialized services such as optimizing power portfolios, energy trading, industrial intelligence, and nuclear facility management. City Solutions: This segment focuses on developing innovative solutions for urban environments, encompassing heating and cooling systems, waste-to-energy initiatives, biomass utilization, various circular economy projects, and solar power generation. Consumer Solutions: Serving approximately 2.4 million customers, this segment manages the retail sale of electricity and gas. Its services include customer support, invoicing, providing value-added electricity products, and a range of digital offerings. Russia: Fortum's dedicated Russian segment is primarily involved in the generation and sale of both electricity and heat within that country. Uniper: Through its Uniper segment, Fortum participates in power generation activities, as well as energy trading and optimization strategies.