Fortum Oyj history, company profile (overview) and corporate video
Fortum Oyj is a state-owned energy company headquartered in Espoo, Finland.
Fortum was founded in 1998 through the merger of the Finnish state-owned power and heat company IVO (Imatran Voima Oy) and Neste Oy, the Finnish national oil company.
However, Fortum’s origins date back to 1932 when Imatran Voima, Fortum’s predecessor, was founded to operate the Imatrankoski hydroelectric power plant in Imatra. Imatran Voima acquired and built a number of other power plants, such as the largest hydroelectric power plants along the Oulujoki river, Inkoo and Naantali coal-fired power plants, and the Loviisa nuclear power plant.
Fortum operates through the following business segments: Hydropower, Wind power, Solar power, Nuclear power, and Combined heat and power (CHP)
- Recycling & waste;
- Power plant services;
- Heating & cooling;
- Battery Recycling;
- Biobased Solutions;
- Consumer Solutions;
- Power trading;
- Smart energy solutions;
- Vehicle charging.
With more than 20,000 employees, Fortum Oyj is considered one of the largest gas suppliers in Europe. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes, Wikipedia.org, and www.fortum.com.
**Video published on YouTube by “Fortum“.