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Overview
Fortum is a Finnish energy company that operates in the Nordic and Baltic countries, Russia, Poland, and India. The company was founded in 1998 and is headquartered in Espoo, Finland. It is one of the leading energy companies in Europe and is listed on the Helsinki Stock Exchange. Fortum's main focus is on producing and selling electricity and heat, as well as providing related services. The company also has a growing renewable energy business, with a strong focus on hydropower and wind power. Additionally, Fortum has a waste-to-energy business, which involves using waste as a fuel to produce electricity and heat. In recent years, Fortum has been actively developing its presence in the electric vehicle charging market, including building a network of charging stations in Nordic countries and acquiring a majority stake in Charge & Drive, one of the largest electric vehicle charging operators in Northern Europe. The company has a strong commitment to sustainability and is working towards a goal of generating carbon neutral energy by 2050. Fortum is also involved in various initiatives and partnerships to promote renewable energy and combat climate change. Fortum is a publicly traded company with a diversified ownership structure that includes both institutional and individual investors. The largest shareholder is the Finnish state, with a 50.8% ownership stake. Overall, Fortum is a leading energy company with a strong focus on sustainability and innovative solutions for the future.
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