Fortum Waste Solutions A/S

Name

Fortum Waste Solutions A/S

Legal name

Fortum Corporation

Website

https://fortum.dk

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Integrated Energy Services

NAICS

Nuclear Electric Power Generation (221113), Electric Power Generation (22111), Waste Treatment and Disposal (5622)

SIC

Cogeneration Services & Small Power Producers (4991), Hazardous Waste Management (4955)

akta.pro primary industry

Spent Fuel Management Engineering, Consulting & Digital Tools (Thermal/Shielding/Criticality, QA) (EUAKAHAL)

akta.pro secondary industries

Nuclear Waste Management & Geological Disposal (EUACADAM), Interim storage facilities & operations (LLW/ILW/HLW storage, vaults, dry storage for waste forms) (EUAKAGAD)

Keywords

• Power generation services
• District heating cooling
• Nuclear services
• Battery recycling
• Electricity trading

Headquarters

HQ city

Nyborg

HQ country

Denmark

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Power Generation and Trading: Generation and trading of electricity from nuclear, hydro, wind, and solar sources. Provides customized electricity trading, procurement, and risk handling solutions for energy-intensive industries and electricity retailers.
2. District Heating and Cooling: District heating and cooling services for residential, commercial, and industrial customers in the Nordic region. Includes carbon-neutral heating solutions through Espoo Clean Heat programme.
3. Nuclear Services: Full lifecycle nuclear services including newbuild services, operating plant services, decommissioning, waste services, and Apros simulation tools
4. Battery Recycling: Recovery and sale of raw materials from end-of-life batteries, including battery recycling sales and battery raw materials sales
5. Consumer Energy Solutions: Electricity supply, heating solutions, and vehicle charging services for residential and business customers through direct channels and local websites

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Fortum Waste Solutions A/S, as part of the Fortum Group, is a Nordic energy company providing power generation from nuclear, hydro, wind, and solar sources, district heating and cooling networks, full-lifecycle nuclear services, battery recycling for raw material recovery, and electricity trading and supply solutions for both large industrial customers and residential consumers across the Nordic region and Poland.

Product overview

Fortum operates as a Nordic energy company offering an integrated portfolio of energy products and services. The core offerings include power generation (nuclear, hydro, wind, and solar), power trading for large businesses, district heating and cooling solutions, and nuclear services spanning the full life cycle of nuclear installations. Supporting services include battery recycling, industrial site development, and vehicle charging infrastructure. The company serves both consumer (residential electricity and smart energy management via the Fortum App) and B2B customers (energy-intensive industries, electricity retailers) across Finland, Sweden, Norway, and Poland.

Differentiator

Problem solved

Functional benefit

Brands

• Fortum Battery Recycling: Battery recycling services for electric vehicles and industrial batteries
• Nuclear Services
• Fortum App

Products and services

• Power Trading and Energy Supply Commodity trading services delivering customized electricity trading, procurement and risk handling solutions for energy-intensive industries and electricity retailers.
• Nuclear Services Comprehensive nuclear services supporting the full life cycle of nuclear installations including newbuild services, operating plant services, decommissioning and disposal services, and Apros simulation software.
• Heating and Cooling District heating and cooling solutions for residential and business customers, including flexible electricity-based heat production and waste heat recovery from data centers.
• Fortum Battery Recycling Industrial-scale battery recycling services for raw material recovery from end-of-life batteries, with strategic partnerships in the battery supply chain.
• Consumer Energy Solutions Energy solutions for residential customers in Finland, Sweden, Norway, and Poland including electricity supply, smart energy management via the Fortum app, and electric vehicle charging.
• Industrial Site Development Development services for industrial sites including energy infrastructure planning and implementation.
• Vehicle Charging Electric vehicle charging station network and services for finding charging locations across the Nordic region.
• Fortum App Smartphone application providing consumers visibility into electricity consumption, automation for EV charging and home heating, and price notifications for efficient energy management.
• Power for Businesses Energy solutions and electricity supply for commercial and small-to-medium business customers including heating, cooling, solar projects, and battery solutions.

Quantifiable outcome

• 99% of power generation from CO2-free sources
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered minor, core and major.

• Ecoclub (Ukrainian NGO)minorStrategic or Co-development Partner · 18 December 2024Solar Aid for Ukraine programme where Fortum donated a solar power plant to Ananiv water utility. Supports water provision and energy resilience in Ukraine during power outages caused by Russia's attack on energy infrastructure.
• Solar Stewardship Initiative (SSI)coreStrategic or Co-development Partner · 1 June 2024Industry collaboration to improve traceability and sustainability in solar supply chains. Fortum joined as member committed to SSI principles and promoting factory audits in supply chain. Addresses ethical business, environment, human rights, and working conditions.
• City of EspoocoreStrategic or Co-development Partner · 21 March 2024Joint Espoo Clean Heat programme to make district heating carbon neutral in Espoo, Kauniainen, and Kirkkonummi by 2030. Fortum investing EUR 300 million in flexible electricity-based heat production, waste heat recovery, and heat storage solutions.
• MicrosoftcoreStrategic or Co-development Partner · 21 March 2024Waste heat recovery partnership where Fortum captures heat from Microsoft's new data centers in Espoo to supply 40% of district heating consumption. Partnership supports carbon-neutral heating goals.
• Ramboll Finland OyminorImplementation/ SI/ Consulting Partner · 1 August 2023Engineering consultancy cooperating on preliminary study for fish migration bypass at Seitenoikea hydropower plant in Ristijärvi, Finland.
• Save the ChildrenmajorStrategic or Co-development PartnerMulti-year CSR partnership supporting children's welfare in Finland, Sweden, Norway, and Poland. Fortum donated EUR 125,000 in 2024. Supports study materials, food vouchers, leisure activities, and education for Ukrainian refugee children in Poland.
• Städa SverigemajorStrategic or Co-development PartnerDecade-long partnership organizing annual Älvstädningen (River Clean-up) along rivers where Fortum operates 111 hydropower plants in Sweden. Sports clubs receive compensation for participation. Over 300 tons of waste collected in 12 years.
• Natural Heritage Foundation (Luonnonperintösäätiö)minorStrategic or Co-development PartnerFinnish foundation protecting forests and biodiversity. Fortum's 2025 donation protected a forest in Kitee and enabled acquisition of neighbouring forest area for biodiversity research. Previously supported 'Save the Owl Forests' campaign.
• UN World Food Programme (WFP)minorStrategic or Co-development PartnerPartnership supporting effective food assistance in humanitarian crises. WFP provides life-saving assistance and supports sustainable livelihoods in 120+ countries. Awarded Nobel Peace Prize 2020.
• We4YouminorStrategic or Co-development PartnerFinnish charity supporting severely and terminally ill children and their families by being present in everyday life and crisis situations.
• Helen (Helen Oy)coreStrategic or Co-development PartnerJoint ownership of Pjelax wind farm (56 turbines) in Närpiö, Finland. Pjelax is Finland's third largest wind farm. Fortum and Helen co-develop wind power projects in the region.
• Simons InframinorChannel Partner/ Reseller/ DistributorLocal contractor for earthworks at Pjelax wind farm. Local suppliers support regional employment and economic impact of wind farm construction.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CEZ Group: Czech energy group with nuclear, hydro, and thermal generation plus trading operations; comparable integrated utility model with Central European rather than Nordic focus.
• Enel: Italian-headquartered global utility with renewable generation, distribution, and customer-facing energy services; competes with Fortum in European power markets and electrification offerings.
• Uniper: German energy company with large-scale generation, trading, and district heating operations; competes with Fortum in European power markets and industrial customer supply, but with a broader European footprint.
• Iberdrola: Spanish-headquartered global utility with a strong renewables-led portfolio and grid-scale assets; competes with Fortum in European wholesale power and decarbonization services to large customers.
• Électricité de France (EDF): French nuclear-heavy utility with a large nuclear services and engineering business that overlaps with Fortum's Apros and full-lifecycle nuclear services — a much larger incumbent in the same nuclear category.

Direct peers

• Statkraft: Norwegian state-owned renewable energy generator and power market participant; overlaps with Fortum in hydropower assets, electricity trading, and industrial customer supply in the Nordics.
• Vattenfall: Swedish state-owned energy company with operations across the Nordics in nuclear, hydro, wind, district heating, and B2B power supply — the closest direct peer to Fortum's integrated Nordic utility model.
• Helen Oy: Helsinki-based Finnish energy company co-owning the Pjelax wind farm with Fortum; directly competes in district heating, electricity retail, and B2B energy supply in Finland.
• Ørsted: Danish-headquartered energy company with parallel exposure to offshore wind, district heating, and B2B/consumer energy in the Nordics — directly comparable geography and customer base.

Regional players

• Teollisuuden Voima (TVO): Finnish nuclear power operator (Olkiluoto) and a regional nuclear-generation peer to Fortum's Loviisa operations; comparable in nuclear generation but more narrowly focused on Finnish baseload.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

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 Waste Solutions A/S