About Fortum
Fortum is a publicly listed company based in Espoo (Finland) founded in 1998. It operates as a clean energy solutions for generation, retail, and heating are provided. The company has 4,470 employees. Fortum has completed 6 acquisitions, including CrisolteQ, Duon and Ekokem. Its chief executive is Markus Rauramo. Its website fortum.com draws about 1 million monthly visits. Fortum offers products and services including Power Trading, Fortum Battery Recycling, Turbines and Generators, and Charging Stations. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its legal entity is Fortum Waste Solutions A/S. Its competitors include Acciona Energy, Helen, TerraForm Power and Pohjan Voima; 2 of its 4 listed competitors have raised funding.
Company details
Fortum was founded in 1998 and is headquartered in Espoo, Finland. Operations in the energy sector encompass electricity generation, heat production, retail sales, district heating and cooling, and smart living services. Power trading is offered to energy-intensive industries, alongside products for nuclear and thermal power plants. Focus is placed on decarbonization efforts and support for industrial electrification across Nordic and Baltic regions.
- Headquarters Espoo, Finland
- Employees 4,470
- Stage Public
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Energy Industry
- Email••••••••
- Phone•••• ••••
- Website fortum.com
- Social LinkedIn X Facebook YouTube
- Legal Name Fortum Oyj
- Annual Revenue$5.86 B (USD)-13.98as on Dec 31, 2025
- Net Profit$898.88 M (USD)-34.28as on Dec 31, 2025
- EBITDA$1.42 B (USD)-23.45as on Dec 31, 2025
- Latest Funding Round$99.09M (USD), Grant
Jul 2025
- InvestorsEuropean Union
& 2 more
- Employee Count4,470
- Investments & AcquisitionsCrisolteQ
& 5 more
Products & Services of Fortum
Fortum offers a comprehensive portfolio of products and services, including Power Trading, Fortum Battery Recycling, Turbines and Generators, and Charging Stations.
Platform for trading energy to support market transactions.
Service for recycling batteries to promote environmental sustainability.
Supply of equipment for power generation and industrial use.
Network for electric vehicle charging to aid electrification.
Apps and channels of Fortum
Fortum publishes 1 mobile app with over 100K+ downloads; its YouTube channel Fortum has 3.62K subscribers and 30 videos.
Videos from Fortum
The most watched videos on Fortum's YouTube channel, Fortum (3.62K subscribers). Click a video to play it here.
More on Fortum.
Funding Insights of Fortum
- Total Rounds 13
- Last Round Grant — $99.09M
- Investors Count 3
Latest 10 of 13 funding rounds of Fortum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2025 | $99.09M | Grant | – | – | |
| Dec 2021 | $11.31M | Grant | – | – | |
| Jul 2021 | $265,750 | Grant | – | – | |
| Nov 2020 | – | Post-IPO | – | – | |
| Sep 2020 | $360,573 | Grant | – | – | |
| May 2020 | – | Grant | – | – | |
| Sep 2019 | $254,151 | Grant | – | – | |
| Sep 2018 | $314,685 | Grant | – | – | |
| Nov 2017 | $421,987 | Grant | – | – | |
| Sep 2017 | $92,404 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Fortum
Fortum has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Finpro and Finnfund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in sustainable development projects in developing countries. | – | finnfund.fi | - | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Investment promotion and innovation funding services are provided to businesses. | – | businessfinland.com | Finland |
Investor details for Fortum
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People of Fortum
454 people are tracked at Fortum (128 in leadership, 14 in board & advisors, 312 in team); the tracked headcount is 4,470.
| Name | Role | Group |
|---|---|---|
Markus Rauramo | CEO | Leadership |
Louise Lockne | Senior Business People Partner I Wind & Solar Nordics, P2x & Project Execution | Leadership |
Esa Hyvärinen | Head Of CEO Office, Strategy And M&a | Leadership |
Kristina Forsmark Mattsson | Director Employee & People Relations And Strategic Projects | Leadership |
Tomasz Gwozdecki | Head Of Business Technology Center Wroclaw | Leadership |
Karri Honkoila | Director, Strategic Development | Leadership |
Tiina Tuomela | Chief Financial Officer | Leadership |
Kati Suurmunne | Director, Change And Transformation | Leadership |
Małgorzata Czachor | Senior People Partner | Leadership |
Bernhard Günther | Chief Transformation Officer | Leadership |
Eskender Beil | Director, Group Financial Planning And Analysis | Leadership |
Heikki Keskiväli | Vice President Corporate Strategy | Leadership |
Jukka Päivärinta | Head Of Strategy And Performance | Leadership |
Sami Pyylampi | Director, Business Control | Leadership |
Timo Piipari | Head Of Record-to-report | Leadership |
Ilkka Jokivirta | Director, Procurement Intelligence And Sustainability | Leadership |
Mika Paavilainen | Head Of Corporate M&a | Leadership |
Karoliina Kauppinen | Director Legal, Compliance And Ethics | Leadership |
Siri Markula | Director, Investor Relations | Leadership |
Filip Kosewski | Director Business Control, Consumer Solutions | Leadership |
434 more people are available in the full profile.
Complete people profiles for Fortum
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IPO & Listings of Fortum
Fortum is a publicly listed company on the OMXHEX with ticker symbol FORTUM in Finland, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date29 Nov 2023
- Listed onEuronext: 1FORT
- Listed entityFortum Oyj
- Exchange sectorUtilities
- ISINFI0009007132
- Share price23.50 EUR (-0.13% on the day) · 2026-10-14
- Market capitalisation21,112,633,485.00 EUR
- Price to earnings25.5
- EPS (diluted, trailing year)0.92 EUR
- Dividend yield3.14%
- Volume (last session)95,914
Financials of Fortum
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 4.99B EUR | 765.0M EUR | 1.21B EUR |
| 2024 | 5.80B EUR | 1.16B EUR | 1.58B EUR |
| 2023 | 6.71B EUR | -2.07B EUR | 1.91B EUR |
| 2022 | 7.77B EUR | -2.42B EUR | 1.97B EUR |
| 2021 | 6.42B EUR | 3.98B EUR | 1.99B EUR |
Detailed financial statements for Fortum
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Fortum
Fortum has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include CrisolteQ, Duon and Ekokem.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Solar PV cells are manufactured in Stockholm, Sweden. | telgeenergi.se | Stockholm, Sweden | 2004 | Jun 2023 | •••• | |
High-grade chemical compounds are manufactured in Finland. | crisolteq.com | Raisio, Finland | 2005 | Jan 2020 | •••• | |
Waste recycling services are provided in Sollentuna, Sweden. | turebergsrecycling.se | Sollentuna, Sweden | 0 | Dec 2016 | $11.43M | |
Construction and transport services are provided in Sweden. | turebergs.se | Sollentuna, Sweden | 2006 | Dec 2016 | •••• | |
Integrated waste management services are provided globally. | ekokem.com | Riihimaki, Finland | 1979 | May 2016 | $525.34M | |
Natural gas, LPG, LNG, and electricity are distributed in Poland. | duon.pl | Poznan, Poland | 2000 | Jan 2016 | •••• |
Complete acquisition details for Fortum
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Timeline of Fortum
10 dated milestones of Fortum across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Fortum is founded.
- Funding First funding round.
- Acquisition Acquires Duon.
- Acquisition Acquires Ekokem.
- Acquisition Acquires Turebergs.
- Acquisition Acquires Turebergs Recycling.
- Acquisition Acquires CrisolteQ.
- Acquisition Acquires Telge Energi.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant, of $99.1M.
Competitors of Fortum
Fortum has 4 listed competitors in our database, 2 of them funded. They include Acciona Energy, Helen, TerraForm Power and Pohjan Voima, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| acciona-energia.com | 1997 | Madrid, Spain | $567M | – | Renewable energy is developed, constructed, and marketed globally. | |
| helen.fi | 1909 | Helsinki, Finland | – | – | Electricity, district heating, and district cooling solutions are provided. | |
| terraformpower.com | 2014 | New York, United States | $335M | – | Independent power producers and investors | |
| pohjanvoima.fi | 2021 | Espoo, Finland | – | – | Solar and wind power plants are provided in Finland. |
Detailed competitors of Fortum
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Web traffic of Fortum
The website of Fortum (fortum.com) receives about 1M visits a month and ranks #50,596 among all websites worldwide, #263 in Energy Industry.
- Monthly visits1M
▲ 1.7% vs previous month
- Unique visitors288.4K
per month
- Global rank#50,596
among all websites
- Category rank#263
Heavy Industry and Engineering · Energy Industry
- Bounce rate34%
- Pages per visit3.6
- Average visit1 min 57 sec
- DevicesDesktop 29% · Mobile 71%
Websites whose visitors overlap most with Fortum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
vattenfall.se | vattenfall.se | 100% | – | #83,287 | – |
| helen.fi | 98% | 383.9K | #111,922 | View details | |
| exeloncorp.com | 90% | 1.3M | #46,009 | View details | |
| chevron.com | 85% | 1M | #71,592 | View details | |
elskling.se | elskling.se | 85% | – | #250,825 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Fortum
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Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Fortum (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Fortum
Complete news archive for Fortum
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Frequently Asked Questions about Fortum
Fortum was founded in 1998 and raised its 1st funding round 15 years after it was founded.
Fortum is headquartered in Espoo, Finland.
Markus Rauramo is the current CEO of Fortum.
Fortum has 4,470 employees.
Annual revenue of Fortum is $5.86B as on Dec 31, 2025.
Fortum was founded in 1998 and is headquartered in Espoo, Finland. Operations in the energy sector encompass electricity generation, heat production, retail sales, district heating and cooling, and smart living services. Power trading is offered to energy-intensive industries, alongside products for nuclear and thermal power plants. Focus is placed on decarbonization efforts and support for industrial electrification across Nordic and Baltic regions.
Fortum's top competitors include Acciona Energy, Pohjan Voima and Helen.
Fortum offers Power Trading, Fortum Battery Recycling, Turbines and Generators, and Charging Stations.
Yes, Fortum is publicly traded on OMXHEX under the ticker symbol FORTUM.
Fortum has 3 investors. Key investors include European Union, Finpro, and Finnfund.
Fortum operates through Fortum Waste Solutions A/S.