Fortum logo — Our purpose is to power a world where people, businesses and...

Fortum

Our purpose is to power a world where people, businesses and nature thrive together. 

Founded 1998 Finland Finland 5196 employees IPO Total: $3.45B Energy, Renewable Energy +1

General Information

Company Name Fortum
Founded Year 1998
Location Finland Finland
Employees 5196
Industries Energy, Renewable Energy, Clean Energy
Funding Stage IPO
Business Model B2B, B2C, D2C
Revenue Model Usage Based, Service Fee, Product Sales
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Event Participation Sep 29, 2026

Fortum organized and participated in this year's third Fortum Power Hour roundtable in Brussels on September 29, 2026, discussing EU ETS and decarbonization investment.

Award Received Sep 25, 2026

Fortum has been ranked in the Top 10 list of the strongest and most valuable Finnish Brands by Brand Finance.

Major Customer Win Sep 18, 2026

Fortum won Google as a major customer through a 22-year Power Purchase Agreement (PPA) for nuclear power, securing €1 billion in investments.

Partnership Talks Sep 18, 2026

Fortum launched the Supplier Fit Sprint, holding talks with suppliers and partners on future investments and collaboration.

New Partnership Sep 16, 2026

Fortum announced its partnership with Steady Energy, supporting them as an investor and operational partner in next-generation nuclear solutions.

Expansion Plan Sep 16, 2026

Fortum is advocating for a regulatory framework to enable the deployment of new nuclear technologies in the Nordics and wider Europe, supporting building in series.

About Fortum

Fortum, founded in 1998, is a leading Nordic energy company headquartered in Finland. The company is at the forefront of the clean energy transition, aligning its operations with its purpose: "Our purpose is to power a world where people, businesses and nature thrive together." Fortum's commitment to sustainability is evident through its CO2-free power generation and its focus on helping industries decarbonize.

Operating primarily in the Nordics, Fortum maintains a dual focus on delivering clean energy and ensuring a reliable electricity and district heat supply for both private and business customers. With a workforce of approximately 5,000, Fortum emphasizes creating a safe and inspiring work environment.

Fortum is publicly traded on the Nasdaq Helsinki. Despite no recent investment activity, its established presence in Energy, Renewable Energy, and Clean Energy sectors positions it as a robust player for investors seeking stability and commitment to environmental targets in their portfolio.

Taxonomy: Clean Energy Production, CO2-Free Power Generation, District Heating, District Cooling, Nuclear Power, Wind Power, Hydro Power, Decarbonisation, Electricity Supply, Solar Power, Environmental Targets, Sustainable Business Practices, Industrial Decarbonisation, Energy Reliability

Services & Products

Power trading
Energy supply for businesses
Nuclear services
Heating & cooling solutions
Industrial site development
Battery recycling

Target Customers

Industrial clients Home energy users Nordic energy consumers Data centre operators

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Post-IPO Debt $2.70B 12
Barclays, Citibank +10
01 Apr 2026
Post-IPO Debt €400.00M 1
OP Financial Group
01 Jun 2024
Post-IPO Debt €350.00M 1
Solidium
01 Sep 2022
IPO Undisclosed -
01 Jan 2000

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FAQ About Fortum

Our purpose is to power a world where people, businesses and nature thrive together. 
Fortum was founded in 1998.
Fortum is headquartered in Finland.
Fortum operates in Energy, Renewable Energy and Clean Energy. Its work centres on Clean Energy Production, CO2-Free Power Generation, District Heating and District Cooling. Its customers include Industrial clients, Home energy users and Nordic energy consumers.
Fortum has a B2B, B2C and D2C business model. Its revenue comes from Usage Based, Service Fee and Product Sales.
Fortum has approximately 5196 employees.
Fortum has completed 4 funding rounds, raising a total of $3.45B. The latest funding stage is IPO.
Fortum offers: Power trading, Energy supply for businesses, Nuclear services, Heating & cooling solutions, Industrial site development, Battery recycling.
Top alternatives and competitors to Fortum include Vattenfall, Ontario Power Generation, Mölndal Energi, Prosperity Digital SA, Absolicon Solar Collector AB. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fortum and Vattenfall are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Fortum, https://bouncewatch.com/company/fortum-1, updated 2 October 2026. When citing, please name BounceWatch and link this page.

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