Majority state-owned energy firm Fortum announced a strong third quarter result, amid the European energy market crisis brought on by Russia's invasion of Ukraine. In the third quarter of this year, ...

Finnish energy firm Fortum and the German state have agreed on the final terms of the sale of the former's majority stakes in troubled gas firm Uniper, Fortum said in a press statement released on ...

BRUSSELS/FRANKFURT (Reuters) - Finnish utility Fortum (FORTUM.HE) is set to gain unconditional EU approval to acquire a 46.65 percent stake in German energy group Uniper from E.ON (EONGn.DE), three ...

Neocloud Nscale is partnering with Finnish energy firm Fortum on another Nordics-based data center development, this time in Finland. Set to be located in the Sievari industrial area on land owned by ...

Finnish energy firm Fortum has commenced operations at its large-scale heat pump plants Kolabacken, Kirkkonummi, and ...

According to the statement, "Fortum will seek compensation for the value of its shares in PAO Fortum and its investments in Russia, amounting to several billions of euros" HELSINKI, February 27. /TASS ...

Finland's Fortum, hit hard by the energy crisis in Europe, is in talks with the Finnish state on how to secure liquidity needs until hedged power contracts go to delivery and collaterals are released.

HELSINKI (Reuters) -Nordic utility Fortum faces cyberattacks on a daily basis in Finland and Sweden and has sometimes spotted drones and suspicious individuals near its sites, its CEO told Reuters, ...

Fortum is an interesting Nordic utility company that recently experienced two major setbacks. Its Russian investments were seized and its sizeable investments in Uniper were sold at a loss of €5.8B.

HELSINKI (Reuters) - State-controlled Finnish utility Fortum (HEX:FUM1V) has agreed to sell its local power distribution grid to a group of institutional investors led by First State Investments and ...

Lithium-ion batteries are more complex and difficult to recycle than the lead-acid, which are almost entirely recyclable, but there are new ways to increase the recycling rate. According to Fortum, ...

Fortum Oyj (FOJCF) reports increased power prices and operating profit, while navigating challenges in nuclear generation and cash flow.