Fortum Focuses on New Energy Technologies and Business Models
Energy company Fortum is focusing its innovation projects on decarbonization, energy flexibility, and biodiversity. The company is exploring areas such as hydrogen technology and virtual batteries.
Energy company Fortum Oyj is investing in several innovation projects to promote sustainable development and new business models within the energy sector. The company's innovation efforts are concentrated on three core areas: reducing carbon emissions, enhancing energy flexibility, and advancing biodiversity.
In the decarbonization domain, Fortum aims to meet the growing demand for electricity and society's electrification. The company is actively exploring hydrogen technologies as a crucial element for industrial decarbonization. As one of the largest clean electricity producers in the Nordics, Fortum seeks hydrogen solutions and business opportunities in collaboration with its customers.
Within energy flexibility, Fortum is developing methods for managing, storing, and optimizing energy. In this context, Fortum has launched Fortum Spring, which operates as the largest virtual battery in the Nordics. This service enables the automatic and profitable utilization of customers' assets, delivering environmental benefits.
To address biodiversity, Fortum has developed the Biowizard tool. It assists companies in understanding their impact on biodiversity and in prioritizing their conservation efforts. The company emphasizes the importance of collaboration in finding new solutions and building a sustainable future.