Forus Oy
Forus Oy is a Helsinki-based climate solutions firm that develops and scales grid-connected solar projects in Finland (over 100 plants developed), and operates adjacent verticals including river carbon sequestration (ForRiver/CarbonRun), microalgae cultivation (ForAlgae), and biorefinery consulting for municipalities, investors, and energy-sector clients.
- Company typePrivate
- Founded2016
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Forus Oy does
Forus Oy is a Helsinki-based privately held Finnish climate solutions firm that develops and scales renewable energy and climate projects, with a core focus on grid-connected solar power and adjacent climate technologies. The company has participated in building or developing more than 100 solar power plants in Finland over the past eight years and is positioned as the country's second-largest grid-connected solar project developer, targeting a 1,000 MW pipeline jointly with Better Energy. Its service portfolio spans project development and scaling (ForScale), grid solar power development, and consulting for climate initiatives, alongside specialized products including ForRiver (river-based carbon sequestration via CarbonRun's alkalinity-enhancement technology) and the ForAlgae Oy microalgae subsidiary that cultivates biomass from industrial side streams. Forus also develops biorefinery projects, exemplified by work that opened doors and accelerated Valmet's biorefinery project.
Forus earns revenue through a mix of professional services (project development fees, consulting, permitting support) and a Power Purchase Agreement (PPA) subscription model where municipalities and other customers buy electricity at market prices without upfront investment; the PPA structure is offered through SYKE's national joint procurement framework for Finnish municipalities. Carbon credit monetization is layered on through CarbonRun's measurement of river-limed CO2 sequestration, with Forus facilitating Finnish operations under the ForRiver brand. Go-to-market is sales-led and enterprise-field oriented: regional contacts in Ostrobothnia, Southwest Finland, and Southeast/Eastern Finland originate landowner and municipal deals, while the Better Energy partnership handles financing, technical planning, construction, and ownership of solar projects developed by Forus. Customers include the cities of Hanko and Loviisa for municipal solar deployments, Valmet for biorefinery advisory, and Better Energy as the anchor development partner. All profits are reinvested into scaling operations rather than distributed as dividends.
Forus Oy firmographics
Firmographics- Name
- Forus Oy
- Legal name
- Forus Oy
- Website
- https://forus.fi
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Forus Oy is a Helsinki-based climate solutions firm that develops and scales grid-connected solar projects in Finland (over 100 plants developed), and operates adjacent verticals including river carbon sequestration (ForRiver/CarbonRun), microalgae cultivation (ForAlgae), and biorefinery consulting for municipalities, investors, and energy-sector clients.
- Ownership category
- akta.pro rank
Forus Oy industry classification
Industry- Product category
- Renewable Energy Project Development
- NAICS
- Solar Electric Power Generation (221114)
- akta.pro primary industry
- Climate Change Mitigation & Adaptation (BPAGAGAF)
- akta.pro secondary industries
- Avoided Conversion & Ecosystem Protection (REDD+, Blue Carbon Conservation) (EUABABAC), Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)
Keywords
Where Forus Oy is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices2 records
Markets served
Forus Oy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Solar Power Project Development: Forus develops solar power projects and partners with Better Energy for financing, construction, and ownership. Revenue comes from project development fees and potentially ongoing involvement in project returns.
- PPA Model: Power Purchase Agreement model where customers purchase electricity at competitive market prices without upfront investment. Forus provides solar power plants and sells electricity to customers.
- Consulting Services: Expert services supporting clients with project development, permitting, and business scaling for climate initiatives.
- ForRiver Carbon Credits: CarbonRun measures carbon dioxide sequestered through river liming and sells carbon credits to customers, with Forus facilitating the Finnish operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | PPA Model - No upfront investment required |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Forus Oy product offering
Product offeringCore offering
Forus Oy develops, finances, and scales renewable energy and climate solutions in Finland, including utility-scale grid-connected solar power projects (Verkkoaurinkovoima), river-based carbon sequestration through the ForRiver program (with CarbonRun), microalgae cultivation via the ForAlgae subsidiary, biorefining initiatives, and consulting/advisory services that help venture capitalists, energy companies, and cleantech firms bring climate innovations to market.
Product overview
Forus Oy is a Finnish climate solutions company structured as a services and project development firm. Its core offerings are ForScale (project development and scaling), Verkkoaurinkovoima (grid-connected solar power development — the company's largest activity, with over 100 solar plants developed in Finland), and Konsultointi (expert consulting). The portfolio includes specialized products: ForRiver (river carbon sequestration via limestone-based alkalinity enhancement, developed with Canadian partner CarbonRun) and ForAlgae Oy (microalgae cultivation using industrial side streams). The company also pursues bio-refining projects. All offerings share the mission of profitably stopping climate change by scaling better solutions.
Differentiator
Problem solved
Functional benefit
Brands
- ForScale: Project development and scaling services for climate projects
- ForRiver
- ForAlgae Oy
Products and services
- Verkkoaurinkovoima (Grid-Connected Solar Power) Development and delivery of utility-scale, grid-connected solar power plants in Finland (Verkkoaurinkovoima), including project structuring, partnership delivery with Better Energy, and PPA-based commercial models for municipalities, energy companies, and other land owners.
- ForRiver (River-Based Carbon Sequestration) River-based carbon sequestration program (ForRiver) that applies CarbonRun's alkalinity enhancement technology to capture and store CO2 in Finnish river systems, marketed to investors, municipalities, and corporate decarbonization buyers.
- ForAlgae (Microalgae Cultivation) Microalgae cultivation venture (ForAlgae Oy) operated under the Forus platform, focused on developing and scaling microalgae-based production as a climate and bio-based solution for industrial and energy clients.
- Biorefining (Biojalostus) Biorefining initiatives (Biojalostus) offered under the Forus climate venture platform, developing bio-based processing capabilities that complement the company's solar, carbon sequestration, and microalgae activities.
- ForScale (Climate Venture Scale-Up) ForScale is Forus' core climate venture scale-up service, through which the company develops, finances, and grows profit-positive climate ventures for founders, investors, and corporate partners using a risk-sharing venture partnership model.
- Konsultointi (Climate & Cleantech Consulting) Climate and cleantech consulting (Konsultointi) for energy companies, venture capital funds, and cleantech firms, covering market entry, venture due diligence, regulatory insight, and project development advisory across Finland and Northern Europe.
- Solar Power Purchase Agreement (PPA) Service Power Purchase Agreement (PPA) based solar power delivery, allowing municipalities, cities, and corporate offtakers to source locally generated solar electricity without upfront capital investment, structured with Better Energy as technology partner and via SYKE joint procurement.
Quantifiable outcome
- Over 100 solar power plants developed in Finland over 8 years
- +2 more outcomes
Companies that use Forus Oy
Customer profileNamed customers4 records
Segments1 record
Ideal customer profiles3 records
Forus Oy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Forus Oy partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core, flagship and supporting.
- Better EnergycoreForus acquired 32 solar SPVs from Better Energy, which is exiting the Finnish market. Better Energy was one of the biggest and best solar portfolios in Finland. Forus will analyze each project and find the best solution for further development. Better Energy handles financing, technical planning, construction, and ownership of solar projects developed by Forus. The companies previously aimed for 1000 MW of solar energy in Finland together.
- CarbonRun Ltd.flagshipForus Oy and Canadian CarbonRun formed the world's first international river liming partnership for carbon sequestration in Finland. Forus brings CarbonRun's technology to Finland to restore acidified rivers and sequester carbon dioxide. CarbonRun's method adds limestone to rivers to neutralize acidity, improve water quality, and enhance rivers' ability to transport carbon to oceans. Finland is the first country outside Canada where CarbonRun expands, with Forus facilitating local operations, permitting, and community engagement.
- SYKE (Suomen ympäristökeskus)supportingSYKE (Finnish Environment Institute) initiated joint procurement of solar power plants for municipalities. Forus participates in this procurement with their PPA model, while municipalities can use SYKE's leasing model for solar power acquisitions.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Forus Oy competitors and assessment
Company assessmentDirect peers
- CarbonRun: Canadian river alkalinity enhancement company and Forus's ForRiver technology partner. Directly comparable as a nature-based carbon project developer pursuing river liming for CO2 sequestration.
- Cloudberry Clean Energy: Norwegian-listed Nordic renewables developer and operator focused on hydro, wind, and solar in the Nordics. Comparable in business model — develops and owns renewable generation assets across the region.
- Better Energy: Danish solar project developer and Forus's anchor partner. Directly comparable as a Nordic utility-scale solar developer building, financing, and owning projects developed by Forus.
- OX2: Swedish-listed Nordic renewable energy developer with a multi-GW onshore wind and solar pipeline across the Nordics. Comparable as a large-scale Nordic renewables project developer competing for land and offtakers in Finland.
- Skarta Energy: Finnish renewable energy and infrastructure developer building wind, solar, and energy storage projects in Finland. Comparable as a domestic Finnish renewable developer competing for the same project sites and municipal customers.
- Solarigo: Finnish solar power company developing ground-mounted and rooftop solar projects. Closest direct domestic peer competing with Forus for Finnish solar project opportunities and PPA customers.
Broad incumbents
- Arise AB: Swedish-listed renewable energy company developing wind and solar projects in the Nordics. Comparable as an established listed Nordic renewables developer with similar project development economics.
- Eolus Vind: Swedish-listed Nordic renewable energy project developer with a focus on wind and increasingly solar across the Nordics. Comparable as an established listed Nordic project developer operating in adjacent geographies.
- Neoen: French-listed global renewable energy independent power producer with significant solar and wind development in the Nordics. Comparable as a large, listed renewable developer with project development, financing, and ownership capabilities.
Regional players
- Winda Energy: Nordic renewable energy developer based in Denmark building wind and solar projects across the Nordics. Comparable as a Northern European renewable project developer operating in adjacent markets.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Forus Oy social profiles
Digital presenceForus Oy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Forus Oy leadership team
Management profileNumber of profiles
Profiles8 records
Forus Oy subsidiaries and ownership
Company hierarchySubsidiaries2 records
Forus Oy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Forus Oy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Forus Oy
What does Forus Oy do?
Forus Oy develops, finances, and scales renewable energy and climate solutions in Finland, including utility-scale grid-connected solar power projects (Verkkoaurinkovoima), river-based carbon sequestration through the ForRiver program (with CarbonRun), microalgae cultivation via the ForAlgae subsidiary, biorefining initiatives, and consulting/advisory services that help venture capitalists, energy companies, and cleantech firms bring climate innovations to market.
Is Forus Oy a public or private company?
Forus Oy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Forus Oy founded?
Forus Oy was founded in 2016. It employs 11 to 50 people.
Where is Forus Oy based?
Forus Oy is headquartered in Helsinki, Finland, in the Europe region.
How does Forus Oy make money?
Four revenue lines are on record. Solar Power Project Development is the primary driver. The others are PPA Model, consulting Services and forRiver Carbon Credits.
Who are Forus Oy's main competitors?
Direct peers on record are CarbonRun, Cloudberry Clean Energy, Better Energy, OX2, Skarta Energy and Solarigo. Broad incumbents are Arise AB, Eolus Vind and Neoen. Winda Energy is listed as a regional player.
Does Forus Oy have an API?
No public API is recorded for Forus Oy.
What industry is Forus Oy in?
Forus Oy's product category is Renewable Energy Project Development. Its primary akta.pro industry code is BPAGAGAF, Climate Change Mitigation & Adaptation, with a secondary code of EUABABAC, Avoided Conversion & Ecosystem Protection (REDD+, Blue Carbon Conservation). Its NAICS code is 221114.