This company, based in Finland, is engaged in the generation, distribution and sale of electricity and heat, and the operation and maintenance of power plants as well as energy-related services primarily in the Nordic countries, the Russian Federation, Poland, and the Baltic Rim area. It was founded in 1998 to create a new energy group by combining the businesses of Imatran Voima and Neste Oyj. Its registered head office is located in Espoo.The company is the third largest power generator and the largest electricity retailer in the Nordic countries, and one of the leading heat producers globally. It operates, along with its subsidiaries, in four business segments: Power, comprising the company's power generation, physical operation and trading, as well as expert services for power producers; Heat, consisting of combined heat and power generation (CHP), district heating and cooling activities and business-to-business heating solutions; Russia, including power and heat generation and sales in Russia, and Electricity Solutions, responsible for Fortum’s electricity sales. The company operates in Finland, Sweden, Norway, the Russian Federation, Poland, Lithuania, Latvia, Estonia, India and the United Kingdom, among others.
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