Fortum - About the company
Fortum is a public company based in Espoo (Finland), founded in 1998. It operates as a Provider of clean energy solutions. Fortum has raised an undisclosed amount in funding. The company has 33 active competitors, including 2 funded and 13 that have exited. Its top competitors include companies like Acciona Energy, Georgia Power and Rexel.
Company Details
Provider of clean energy solutions. The company offers electricity generation and heat production, electricity retail sales, district heating and cooling, and services for smart living. It also provides power trading services for energy-intensive industries and products and services for nuclear and thermal power plants. The company focuses on decarbonization and a transition to a carbon-neutral economy. Its offerings support industrial electrification and aim to meet customer needs for reliable energy.
- Website
- www.fortum.com
- Social
- Email ID
- *****@fortum.com
- Phone Number
- +358 **********
- Registered Address
- 3, Lindholmvej, Nyborg, 5800
Key Metrics
Founded Year
1998
Location
Espoo, Finland
Stage
Public
Latest Funding Round
Ranked
2nd among 33 active competitors
Annual Revenue
€1B+ as on Dec 31, 2024
Employee Count
5,170 as on Jun 30, 2026
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Fortum
Fortum is associated with 6 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
GENTARI RENEWABLES FINNSURYA ENERGY PRIVATE LIMITED CIN: U40300HR2013FTC138344 , India, Active | Oct 09, 2013 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | - | |
FORTUM INDIA PRIVATE LIMITED CIN: U40101DL2012FTC241791 , India, Active | Sep 07, 2012 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 54 (As on Mar 31, 2024) | |
FORTUM AMRIT ENERGY PRIVATE LIMITED CIN: U40101DL2007PTC267540 , India, Amalgamated | Mar 29, 2007 | ₹10 - ₹50 Cr (As on Mar 31, 2022) | - | |
Fortum Waste Solutions A/S CIN: 34484414 , Denmark, Active | Nov 17, 1971 | $50M - $100M (As on Dec 31, 2022) | 182 (As on Mar 31, 2024) | |
Fortum Group Finland, Active | Jan 01, 1998 | €1B+ (As on Dec 31, 2024) | - | - |
SPRNG SOLAR INDIA PRIVATE LIMITED CIN: U40300DL2013FTC262008 , India, Active | Dec 11, 2013 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 1 (As on Mar 01, 2021) |
Fortum's IPO details
Fortum got listed on Jan 07, 2000.
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Fortum's funding and investors
Fortum has raised funding over 13 rounds. Its first funding round was on Oct 01, 2013. Its latest funding round was a Grant (prize money) round on Jul 10, 2025 for $*****. 1 investor participated in its latest round. Fortum has 5 institutional investors.
Here is the list of recent funding rounds of Fortum:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 10, 2025 | 6565495 | Grant (prize money) | 5249202 | 6998681 | 9376925 | 2776545 |
Dec 17, 2021 | 5974847 | Grant (prize money) | 7255702 | 6024600 | 6453702 | |
Jul 01, 2021 | 5700997 | Grant (prize money) | 1373145 | 9652501 | 4957258 |
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Fortum's founders and board of directors
Founder? Claim ProfileFortum's employee count trend
Fortum has 5,170 employees as of Jun 26. Here is Fortum's employee count trend over the years:
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Fortum's Competitors and alternates
Top competitors of Fortum include Acciona Energy, Georgia Power and Rexel. Here is the list of Top 10 competitors of Fortum, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Acciona Energy 1997, Madrid (Spain), Public | Provider of renewable energy solutions | $567M | 72/100 | |
2nd | Provider of clean energy solutions | - | 70/100 | ||
3rd | Georgia Power 1883, Atlanta (United States), Public | Electric utility company | - | 68/100 | |
4th | Provider of electrical product and electricity services | - | 61/100 | ||
5th |  GSE Systems 1971, Baltimore (United States), Acquired | Simulation tools for nuclear power plants | - | 56/100 | |
6th | Provider of lifecycle services for energy, industrial, and telecommunications infrastructure | - | 54/100 | ||
7th | TerraForm Power 2014, New York City (United States), Acquired | Leading renewable energy provider with wind, solar, and storage assets | $335M | 52/100 | |
8th | Distributor of electricity | - | - | 48/100 | |
9th | Provider of electricity grid services and district heating. This company manages the electricity grid, ensuring reliable power distribution. They also produce and distribute district heating, providing a thermal energy solution. The company's operations encompass grid maintenance, construction, and customer service related to both electricity and heating. They maintain a network of infrastructure to support these services. | - | 45/100 | ||
10th | Provider of electricity, district heating, and district cooling solutions | - | 44/100 |
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Fortum's Investments and acquisitions
Fortum has made 8 investments in companies including Puro.earth and Fifty Energy. Fortum has also acquired 5 companies including Telge Energi and Fortum Tartu.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 04, 2025 | Investments | 2018 | Helsinki (Finland) | |
Aug 22, 2025 | Investments | 2023 | Are (Sweden) | |
Jun 07, 2023 | Acquisition | 2004 | Stockholm (Sweden) |
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News related to Fortum
Filter this listMedia has covered Fortum for a total of 48 events in the last 1 year, 25 of them have been about company updates and 5 about people movement.
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Audax launches takeover bid for Norwegian energy group ElmeraPressDigital•Jun 25, 2026•Audax Renovables, Elmera Group ASA, Fortum, Audax and 1 other
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Fortum launches Kalla hydrogen testing facility to support Nordic decarbonisation goalsEuropaWire•May 18, 2026•Fortum
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Microsoft to use 30,000 Vera Rubin chips from Nscale in Norway data centerBusiness News Today•Apr 15, 2026•Nscale, Microsoft, OpenAI, Fortum
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