Fortum partners with Google for nuclear power PPA
A landmark agreement secures 50% of Loviisa plant capacity until 2050, providing economic certainty for a €1 billion extension and exploring new nuclear projects.
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Nordic clean energy producer and services provider
fortum.com- Headquarters
- Espoo, Finland
- Company type
- Public company
- Number of employees
- 5,000–10,000
- Industry
- Electric Utilities
Last updated
Latest news about Fortum
In short: Fortum signed a landmark Google nuclear PPA for Loviisa, advanced its Elmera acquisition, and reported H1 2026 results.
Company announcements
Fortum partners Teuva to develop low-carbon site
The 70-hectare Kärppiö location supports green hydrogen production, leveraging local infrastructure for energy-intensive industries under a land reservation agreement.
Fortum announces strategic partnership with Google
The deal includes a long-term PPA for Loviisa nuclear plant capacity and MoU for new energy solutions.
Fortum launches a voluntary cash tender offer for Elmera shares
The transaction offers a fifty nine percent premium and expands Fortum Consumer Solutions across the Nordic region while delivering expected operational synergies.
Media coverage
Fortum stock gains as DNB Carnegie raises target to EUR 27
Fortum stock traded at EUR 23.24 at the September 22, 2026 close after a 5.30 percent fall. DNB Carnegie raised its target from EUR 20.40...
Fortum stock gains on Elmera stake above 88 percent
Fortum stock closed at EUR 24.54 on Nasdaq Helsinki on September 18, 2026, after Deutsche Bank lifted its price target to EUR 24.00 on September...
Fortum Nears Control of Elmera as Tender Offer Deadline Approaches
Fortum Consumer Solutions' recommended voluntary cash tender offer for all outstanding shares in Elmera Group ASA, at NOK 47 per share, is nearing its extended...
Fortum secured billions for a nuclear power plant – Now a setback looms | Kauppalehti
Sweden promised billions in subsidies for the construction of new nuclear power plants, which Finnish Fortum is also aiming for. However, the future of these subsidies hangs in the balance during Sunday's elections, writes Sanna Pekkonen, Kauppalehti's Stockholm correspondent.
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