Fortum Power And Heat Oy

What Fortum Power And Heat Oy does

Fortum Power And Heat Oy is a Finnish energy utility providing electricity, district heating, district cooling, and related consumer services to over 2 million residential, business, and industrial customers across the Nordic region, with headquarters in Espoo, Finland. The company is the Finland-dominant operating subsidiary of the publicly listed Fortum Group (Nasdaq Helsinki), and its electricity production portfolio spans stable nuclear power (covering approximately 30% of Finland's electricity production), flexible hydropower, and variable wind power, feeding into the Nord Pool spot market infrastructure. Its core technology stack consists of four consumer electricity contract products (Fortum Tarkka spot-priced, Fortum Duo hybrid, Fortum Takuu fixed 24-month, Fortum Kesto flexible), the Fortum mobile application and Oma Fortum web portal for consumption and price monitoring, and physical district heating and cooling networks increasingly integrated with industrial waste-heat recovery (notably through a flagship circular-economy partnership with Microsoft for data-center waste heat).

The business model is a hybrid of subscription and usage-based revenue. Residential customers pay a monthly base fee (e.g., €5.99/month for Fortum Tarkka) plus a per-kWh energy charge (e.g., spot price + 0.59 c/kWh markup, or 8.89 c/kWh for fixed products), billed monthly. Add-on services generate incremental recurring revenue, including 100% renewable and 100% solar energy add-ons, the Fortum Latauspaketti EV charging bundle, identity protection (Identiteettisuoja), browser security (Fortum Safe), payment flexibility (Maksujousto), and price guarantee (Hintatakuu). Go-to-market is primarily direct-to-consumer through digital self-serve channels (website, mobile app) and phone-based inside sales, with a dedicated major-account field sales team (Suurasiakkaat) and an industrial energy services team serving large-volume and wholesale customers. Marketing relies on a multi-channel mix including the Yhdessä (Together) content blog, the ForTheDoers expert blog, social media, and large Nordic youth sports sponsorships (Helsinki Cup, Gothia Cup, Norway Cup) plus a Moominworld brand partnership.

Name

Fortum Power And Heat Oy

Legal name

Fortum Power And Heat Oy

Website

https://fortum.fi

Company type

Public

Operating status

Operating

Short description

Fortum Power And Heat Oy is a Finnish energy utility providing electricity contracts, district heating and cooling, and EV charging services to over 2 million Nordic residential, business, and industrial customers, primarily operating in Finland.

Ownership category

akta.pro rank

Product category

Retail Energy and District Heating

NAICS

Electric Power Generation, Transmission and Distribution (2211), Steam and Air-Conditioning Supply (22133)

SIC

Electric Services (4911), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR) (EUAGABAI)

akta.pro secondary industries

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA), EV Charging & Fleet VPP Aggregation (Managed Charging, V2G, Depot/Highway) (EUAFAHAC)

Keywords

• Electricity supply
• District heating
• District cooling
• Energy retail
• EV charging services

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Sales (Consumer & Business): Monthly subscription fees plus consumption-based electricity pricing. Offers fixed-price, spot-price, and hybrid contract models. Revenue generated from energy sales to over 2 million Nordic customers.
2. Usage-Based Electricity Pricing: Spot electricity contracts where pricing varies hourly based on Nord Pool market prices plus a margin. Customers pay per kWh consumed.
3. Additional Services: Supplementary services including 100% renewable energy add-on, 100% solar power, identity protection (Fortum Safe), and EV charging packages.
4. District Heating and Cooling: District energy services for residential and commercial customers, including carbon-neutral district heating for all detached house customers.
5. Industrial Energy Services: Energy sales and hedging, origin guarantees, demand response solutions, and renewable energy production partnerships for industrial and wholesale customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Fortum Power And Heat Oy provides electricity supply contracts (spot-priced, fixed-price and hybrid), district heating and district cooling services, and supporting add-on services such as electric vehicle charging, renewable energy guarantees, identity protection and browser security to residential, business and major industrial customers across the Nordic countries. The offering is delivered through owned generation (nuclear, hydro, wind), district heating/cooling infrastructure and digital self-service channels (Fortum app and Oma Fortum portal), serving more than 2 million customers.

Product overview

Fortum Power And Heat Oy operates as a multi-product energy company offering electricity, heating, and cooling services across the Nordic region. The core product portfolio includes several distinct electricity contracts: Fortum Tarkka (spot-priced variable contract), Fortum Duo (hybrid fixed/spot contract), Fortum Takuu (fixed 2-year contract), and Fortum Kesto (flexible contract). The ecosystem is supported by the Fortum-sovellus mobile app for price and consumption tracking, along with the Oma Fortum web portal for account management. Additional value-added services include EV charging solutions (Fortum Latauspaketti, Charge Drive, Älylataus), identity protection (Identiteettisuoja), browser security (Fortum Safe), and renewable energy add-ons (100% uusiutuvaa energiaa, 100% aurinkoenergiaa). For business customers, Fortum offers dedicated portals (Fortum Yritys Online, Heat Online), district heating (Kaukolämpö), and district cooling (Kaukokylmä). Supporting tools include Sähköapuri and Yritysapuri for contract selection assistance. Content and education is provided through the Yhdessä-blogi platform.

Differentiator

Problem solved

Functional benefit

Brands

• Fortum Tarkka: Spot-priced electricity contract for home, allowing customers to follow electricity prices and adjust consumption to cheaper hours
• Fortum Duo
• Fortum Takuu
• Fortum Kesto
• Fortum Latauspaketti
• Fortum-sovellus
• Oma Fortum
• Fortum Yritys Online
• Heat Online

Products and services

• Fortum Tarkka (Spot-Priced Electricity Contract) Residential electricity supply contract priced hourly based on Nord Pool spot market prices plus a margin, allowing customers to follow prices in the Fortum app and shift consumption to cheaper hours. Open-ended term with monthly base fee plus per-kWh usage.
• Fortum Duo (Hybrid Electricity Contract) Hybrid residential electricity contract combining mostly fixed pricing for a 12- or 24-month term with a small spot-price element and a consumption-impact feature, allowing customers to influence their final bill.
• Fortum Takuu 24 kk (Fixed-Price Electricity Contract) 100% fixed-price residential electricity contract for a 24-month term with guaranteed price stability and Fortum app support for consumption tracking.
• Fortum Kesto (Flexible Electricity Contract) Flexible residential electricity contract offering predictability while allowing some price variation for home customers.
• District Heating (Kaukolämpö) District heating service for residential, commercial and industrial customers delivered through Fortum's Finnish district heating network, including carbon-neutral district heating options for detached-house customers.
• District Cooling (Kaukokylmä) District cooling service for commercial buildings and businesses supplied through Fortum's cooling network.
• Fortum Latauspaketti (EV Charging Package) Integrated electric vehicle charging package combining a home electricity contract with EV charging solutions at home and on the road, targeted at residential EV owners.
• Älylataus kotona (Smart Home EV Charging) Smart home charging solution for electric vehicles, sold as a standalone add-on to residential electricity contracts.
• Charge Drive (Public EV Charging Network) Subscription-based access to Fortum's public EV charging network for charging vehicles on the road.
• 100% Renewable Energy Add-on (100% uusiutuvaa energiaa) Subscription add-on to an electricity contract providing certified 100% renewable electricity (including origin guarantees covering renewable and nuclear power) and supporting renewable energy production.
• 100% Solar Energy Add-on (100% aurinkoenergiaa) Subscription add-on providing 100% solar electricity, with an annual €5 contribution from Fortum to the John Nurminen Foundation for Baltic Sea protection.
• Fortum Maksujousto (Payment Flexibility) Subscription service that smooths electricity bills over time, helping customers manage seasonal variations in electricity costs.
• Identiteettisuoja (Identity Protection) Identity protection service add-on, including Identiteettisuoja Seniori variant for elderly customers.
• Fortum Safe (Browser Security and Password Management) Subscription add-on providing browser security and a password management service.
• Industrial Energy Services (Major Accounts) Direct-sales offering for large industrial and wholesale energy customers covering electricity supply and hedging, origin guarantees, demand response solutions, renewable energy production partnerships and waste-heat-recovery integrations.

Quantifiable outcome

• Carbon-neutral district heating available to all detached house customers since 2020
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor, core and flagship.

• Muumimaailma (Moominworld)minorGTM or Marketing Partner · 1 June 2026Fortum announced partnership with Muumimaailma (Moominworld) as their new cooperation partner. The partnership brings positive energy to life, with Fortum supporting the Moomin experience.
• Helsinki Cup, Gothia Cup, and Norway CupcoreGTM or Marketing Partner · 1 January 2025Fortum has formed partnerships with the Nordic region's largest youth football tournaments - Helsinki Cup, Gothia Cup, and Norway Cup - to bring Nordic energy to youth football and support youth sports. The partnership focuses on creating positive experiences for young people and promoting values such as fair play, inclusion, and joy of the game.
• MicrosoftflagshipStrategic or Co-development Partner · 1 January 2024Nordic energy company and American technology corporation cooperation where waste heat from Microsoft data centers is harnessed to heat homes, public spaces, and businesses through district heating networks. This innovative partnership exemplifies circular economy in energy.
• Radisson Hotel GroupcoreGTM or Marketing Partner · 1 January 2019Radisson is a hotel chain with ambitious environmental goals. They wanted the most sustainable electricity on the market, making Fortum their only partner for sustainable electricity supply.
• John Nurmisen Säätiö (John Nurminen Foundation)minorStrategic or Co-development PartnerAnnual 5 euro support from Fortum to John Nurminen Foundation for Baltic Sea protection. Associated with the 100% solar energy add-on service purchased by customers.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Helen Oy: Finnish energy company operating electricity retail and one of the largest district heating networks in the Helsinki metropolitan area. Directly comparable to Fortum on both retail electricity and district heating in the same Finnish market.
• Skellefteå Kraft AB: Swedish municipal utility offering retail electricity, district heating, and broadband. Comparable to Fortum in product mix (electricity + heat) and customer segment, though at a smaller Nordic scale.
• Öresundskraft AB: Swedish municipal energy company providing electricity, district heating, and cooling to households and businesses in southern Sweden. Highly comparable product mix to Fortum's electricity + heating offering.

Broad incumbents

• EDF SA: French state-owned utility combining nuclear baseload, retail electricity, and district heating across Europe. Comparable to Fortum on nuclear-led generation mix and integrated retail/district-heat business model.
• Uniper SE: European utility with significant generation, district heating, and energy trading operations. Comparable to Fortum's thermal generation, heat, and trading exposure, particularly in Northern European markets.
• Vattenfall AB: Swedish state-owned utility providing electricity retail, district heating, and EV charging across the Nordics and Northern Europe. Closest large-scale Nordic incumbent peer to Fortum across nearly every product line.
• Statkraft AS: Norwegian state-owned renewable energy generator and major Nordic power-market participant. Comparable to Fortum on hydro-led generation, market access to Nord Pool, and corporate renewable offtake.
• Ørsted A/S: Danish renewable energy major with growing European retail and heat exposure. Comparable to Fortum as a Nordic-headquartered incumbent competing for the same corporate renewable offtake customers and EV-charging ecosystem.
• E.ON Sverige AB: Swedish arm of E.ON, retailing electricity and heat to Nordic households and businesses. Comparable to Fortum on consumer electricity contracts, fixed/spot pricing products, and customer-facing digital tools.

Regional players

• Elenia Oy: Finnish electricity distribution system operator serving a large share of Finnish households. Comparable to the network/distribution side of Fortum's operations and competing for the same Finnish end-customers.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat6 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/fortum_oyj
• Facebookfacebook.com/FortumSuomi

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fortum Power And Heat Oy