Fortum

Description

Fortum’s purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource-efficiency and energy security, and deliver excellent value to our shareholders. Fortum's activities cover the generation, distribution and sales of electricity and heat as well as related expert services.

Fortum’s operations focus on the Nordic countries, Russia, Poland and Baltic Rim area. In the future, the integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2011, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.8 billion. We employ approximately 10,800 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.

Electricity Solutions and Distribution Division is a leading player in the Nordic energy market, responsible for Fortum’s electricity sales, solutions and distribution activities.

Distribution owns and operates regional and distribution networks and distributes safe electricity with 99.98% reliability to a total of 1.6 million customers in Sweden, Finland, Norway and Estonia.

Electricity Sales and Marketing markets and sells climate neutral electricity to our 1.2 million private and business customers as well as to other electricity retailers in Finland, Sweden and Norway. Our aim is to become the energy supplier of choice within the Nordic market. We offer a portfolio of products that meet the needs of our customers, and provide excellent value and customer service.

New Business develops and invests in future energy solutions, such as smart grids, smart homes, metering solutions, micro production and recharging infrastructure for electric cars in order to improve life for present and future generations.

 


(Extracted from the FPP of SEAS)

Project involvement

12004

SEAS

Programme call
ITEA 2 Call 7
Status
Completed
Project leader
Philippe Bourguignon

Organisation information

Type
Large Industry
Country
Finland
Website
fortum.com
www.fortum.com