{"product_id":"fortum-business-model-canvas","title":"Fortum Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFortum's Business Model Canvas: A Strategic Deep Dive\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eDiscover the strategic core of Fortum's operations with our comprehensive Business Model Canvas. This detailed breakdown illuminates how they create and deliver value, manage key resources, and build lasting customer relationships in the dynamic energy sector. Unlock this essential tool to understand their competitive edge and inspire your own strategic planning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Industrial Alliances\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFortum actively cultivates strategic industrial alliances, a cornerstone of its business model for driving decarbonization.  These partnerships are crucial for co-creating and implementing innovative clean power generation solutions directly with industrial clients. For instance, Fortum's collaboration with SSAB in Oxelösund, Sweden, aims to electrify steel production, a significant step in reducing heavy industry's carbon footprint. This alliance is projected to cut CO2 emissions by approximately 9 million tons annually once fully operational.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology and Innovation Collaborations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFortum actively collaborates with technology providers and leading research institutions to pioneer next-generation energy solutions. These strategic alliances are vital for the development of advanced technologies like small modular reactors (SMRs) and the efficient production of clean hydrogen, positioning Fortum at the forefront of energy innovation.\u003c\/p\u003e\n\u003cp\u003eIn 2024, Fortum's commitment to innovation is evident in its ongoing projects exploring SMR deployment and scaling up hydrogen production. These partnerships are not just about technological advancement; they are critical for securing long-term competitive advantages and unlocking new revenue streams in a rapidly transforming global energy market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGrid and Infrastructure Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eFortum actively collaborates with transmission system operators (TSOs) and other grid stakeholders to ensure the stable and reliable delivery of electricity.  This partnership is essential for managing the complexities of integrating diverse energy sources and optimizing the entire energy system.  For instance, in 2024, Fortum continued its work with Fingrid, Finland's TSO, on grid balancing services, contributing to the overall resilience of the Nordic power market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCo-owned Power Production Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eFortum actively forms partnerships to co-own and operate significant power generation assets, including nuclear and hydropower plants. These collaborations are crucial for managing the substantial capital requirements and operational complexities inherent in large-scale energy infrastructure.\u003c\/p\u003e\n\u003cp\u003eA prime example of this strategy is Fortum's involvement with Uniper, where they co-own nuclear power plants like Oskarshamn and Forsmark in Sweden. These joint ventures facilitate the sharing of investment burdens, operational know-how, and risk mitigation, which are vital for the stable and efficient production of electricity.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eShared Investment:\u003c\/strong\u003e Reduces individual capital outlay for major power plant projects.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eOperational Expertise:\u003c\/strong\u003e Leverages collective knowledge for efficient plant management and maintenance.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eRisk Management:\u003c\/strong\u003e Distributes financial and operational risks across multiple partners.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStrategic Alliances:\u003c\/strong\u003e Strengthens market position and access to key energy resources.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSuppliers and Service Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eFortum's operations are significantly supported by its suppliers and service providers, who furnish critical equipment, maintenance, and raw materials. These partnerships are fundamental to maintaining and upgrading Fortum's diverse energy infrastructure.\u003c\/p\u003e\n\u003cp\u003eThe company's reliance on these external entities underscores the importance of reliable supply chains for its power generation and energy solutions. Fortum's strategic sourcing and vendor management are key to ensuring operational continuity and cost-effectiveness.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eEquipment Procurement:\u003c\/strong\u003e Fortum sources turbines, solar panels, batteries, and other specialized hardware from global manufacturers.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaintenance and Repair Services:\u003c\/strong\u003e Specialized firms provide ongoing maintenance, repairs, and upgrades for power plants and grid infrastructure.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eRaw Material Supply:\u003c\/strong\u003e Essential materials like fuels (e.g., natural gas, biomass) and chemicals for various processes are secured through dedicated supply agreements.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Alliances Drive Decarbonization and Energy Innovation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eFortum's key partnerships are vital for its decarbonization strategy, focusing on industrial clients, technology innovators, and grid operators.\u003c\/p\u003e\n\u003cp\u003eCollaborations with industrial giants like SSAB for steel electrification, and with technology firms for SMRs and hydrogen, are central to Fortum's innovation and market positioning.\u003c\/p\u003e\n\u003cp\u003eThese alliances are crucial for co-creating solutions, managing large-scale energy infrastructure investments, and ensuring reliable energy delivery.\u003c\/p\u003e\n\u003cp\u003eFortum's supplier network provides essential equipment and services, underpinning its diverse energy generation and grid operations.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003ePartner Type\u003c\/th\u003e\n\u003cth\u003eExample\u003c\/th\u003e\n\u003cth\u003eImpact\/Focus\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndustrial Clients\u003c\/td\u003e\n\u003ctd\u003eSSAB\u003c\/td\u003e\n\u003ctd\u003eElectrification of steel production, aiming for ~9 million tons CO2 reduction annually.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTechnology Providers \u0026amp; Research Institutions\u003c\/td\u003e\n\u003ctd\u003eVarious\u003c\/td\u003e\n\u003ctd\u003eDevelopment of SMRs, clean hydrogen production, and advanced energy solutions.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGrid Operators (TSOs)\u003c\/td\u003e\n\u003ctd\u003eFingrid\u003c\/td\u003e\n\u003ctd\u003eGrid balancing services and integration of diverse energy sources.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsset Co-owners\u003c\/td\u003e\n\u003ctd\u003eUniper\u003c\/td\u003e\n\u003ctd\u003eCo-ownership of nuclear plants (e.g., Oskarshamn, Forsmark) for shared investment and risk.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSuppliers \u0026amp; Service Providers\u003c\/td\u003e\n\u003ctd\u003eVarious\u003c\/td\u003e\n\u003ctd\u003eProvision of turbines, solar panels, maintenance, and raw materials.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA strategic overview of Fortum's operations, detailing its customer segments, value propositions, and key resources in the energy sector.\u003c\/p\u003e\n\u003cp\u003eOutlines Fortum's approach to energy production, distribution, and related services, emphasizing sustainability and customer value.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eFortum's Business Model Canvas offers a structured approach to pinpointing and resolving operational inefficiencies, thereby alleviating common business pain points.\u003c\/p\u003e\n\u003cp\u003eBy visually mapping out key activities and value propositions, the canvas helps Fortum proactively address challenges and optimize resource allocation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLow-Carbon Power Generation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFortum's primary focus is generating electricity and heat, with a strong emphasis on CO2-free sources. This includes significant contributions from hydro and nuclear power, forming the backbone of its clean energy portfolio.\u003c\/p\u003e\n\u003cp\u003eIn 2024, Fortum achieved a remarkable milestone, with approximately 99% of its total power generation stemming from renewable or nuclear sources. This positions Fortum as one of Europe's leading clean energy providers, underscoring its commitment to decarbonization.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Market Optimization and Trading\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFortum's core activities include optimizing its diverse fleet of low-carbon power generation. This means strategically managing assets like nuclear and hydro to respond effectively to market signals and ensure reliable energy supply.\u003c\/p\u003e\n\u003cp\u003eThe company actively participates in energy trading to secure favorable power prices, especially within the dynamic Nordic market. In 2023, Fortum's trading operations contributed significantly to its financial performance by navigating price volatility.\u003c\/p\u003e\n\u003cp\u003eThis optimization and trading strategy involves sophisticated hedging techniques and the physical management of generation to capture value. Fortum aims to maximize returns by aligning its production with market demand and price fluctuations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDevelopment of Clean Energy Projects\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eFortum's core activities include the comprehensive development and strategic investment in a diverse portfolio of clean energy projects. This encompasses expanding renewable energy sources like wind and solar power, alongside exploring and investing in advanced nuclear technologies such as Small Modular Reactors (SMRs).  The company is also actively involved in the production of hydrogen, a key component in future decarbonization efforts.\u003c\/p\u003e\n\u003cp\u003eThese development initiatives are crucial for Fortum's long-term strategy, directly supporting its commitment to a low-carbon future and driving future business growth.  For instance, in 2023, Fortum continued to advance its renewable energy pipeline, aiming to significantly increase its installed capacity in the coming years, contributing to the broader European energy transition.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProviding Sustainable Energy Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eFortum's core activity involves developing and delivering a comprehensive suite of sustainable energy solutions. This encompasses crucial services like enhancing energy efficiency for various clients and providing dedicated support for industrial decarbonization initiatives. The company actively works to tailor these offerings, ensuring businesses and communities can effectively lower their environmental impact and reduce their carbon footprints.\u003c\/p\u003e\n\u003cp\u003eIn 2024, Fortum continued to expand its portfolio of sustainable solutions. For instance, its energy efficiency services aim to optimize consumption for industrial clients, with some projects reporting reductions of up to 15% in energy usage. The company's commitment to industrial decarbonization is evident in its ongoing projects, which are designed to help heavy industries transition to lower-emission processes.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eEnergy Efficiency Services:\u003c\/strong\u003e Tailored programs to reduce energy consumption in industrial and commercial sectors.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIndustrial Decarbonization Support:\u003c\/strong\u003e Solutions and expertise to help industries lower their carbon emissions, including exploring hydrogen and carbon capture technologies.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eRenewable Energy Integration:\u003c\/strong\u003e Facilitating the adoption and integration of renewable energy sources into existing infrastructure.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCircular Economy Solutions:\u003c\/strong\u003e Developing and implementing waste-to-energy and resource efficiency initiatives.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational Excellence and Efficiency Programs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eFortum actively pursues operational excellence through continuous optimization of its existing operations. This involves implementing targeted efficiency improvement actions across its business segments. For instance, in 2023, Fortum reported a significant reduction in its operational fixed costs, contributing to a stronger financial performance.\u003c\/p\u003e\n\u003cp\u003eDivesting non-core businesses is another key activity to bolster financial health and focus on strategic priorities. This strategic pruning allows Fortum to concentrate resources on core competencies and high-growth areas. The company's commitment to enhancing operational efficiency is evident in its ongoing initiatives to streamline processes and reduce waste.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eFocus on cost reduction:\u003c\/strong\u003e Fortum aims to achieve substantial annual fixed cost reductions through efficiency programs.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eOperational efficiency enhancements:\u003c\/strong\u003e Continuous efforts are made to improve the output and resource utilization of existing assets.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStrategic divestments:\u003c\/strong\u003e Non-core business units are divested to strengthen the company's financial position and strategic focus.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2023 performance highlights:\u003c\/strong\u003e Fortum reported progress in its efficiency programs, contributing to improved financial results for the year.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDriving Clean Energy \u0026amp; Operational Excellence\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eFortum's key activities revolve around generating clean electricity and heat, a mission strongly supported by its substantial investments in renewable and nuclear energy. The company actively optimizes its power generation assets, ensuring efficient operation and responsiveness to market demands.\u003c\/p\u003e\n\u003cp\u003eFurthermore, Fortum engages in energy trading to capitalize on market price fluctuations, a strategy that proved beneficial in 2023. The company also focuses on developing new clean energy projects, including wind, solar, and hydrogen production, aiming to expand its low-carbon portfolio.\u003c\/p\u003e\n\u003cp\u003eIn 2024, approximately 99% of Fortum's power generation came from CO2-free sources, highlighting its commitment to sustainability. The company also provides energy efficiency services and industrial decarbonization support, helping clients reduce their environmental impact.\u003c\/p\u003e\n\u003cp\u003eOperational excellence is pursued through cost reduction programs and strategic divestments of non-core assets, enhancing financial health and strategic focus. Fortum reported progress in its efficiency programs in 2023, positively impacting its financial results.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eKey Activity\u003c\/th\u003e\n\u003cth\u003eDescription\u003c\/th\u003e\n\u003cth\u003e2023\/2024 Data\/Focus\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eClean Electricity \u0026amp; Heat Generation\u003c\/td\u003e\n\u003ctd\u003eProducing power and heat, primarily from hydro and nuclear sources.\u003c\/td\u003e\n\u003ctd\u003e~99% of total power generation from renewable or nuclear sources in 2024.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsset Optimization \u0026amp; Trading\u003c\/td\u003e\n\u003ctd\u003eManaging and trading energy assets to maximize value and respond to market signals.\u003c\/td\u003e\n\u003ctd\u003eTrading operations contributed significantly to financial performance in 2023.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eClean Energy Development\u003c\/td\u003e\n\u003ctd\u003eInvesting in and developing renewable energy projects (wind, solar) and hydrogen.\u003c\/td\u003e\n\u003ctd\u003eContinued advancement of renewable energy pipeline in 2023.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSustainable Solutions \u0026amp; Services\u003c\/td\u003e\n\u003ctd\u003eOffering energy efficiency and industrial decarbonization support.\u003c\/td\u003e\n\u003ctd\u003eEnergy efficiency services aim to reduce client energy usage; ongoing industrial decarbonization projects.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperational Excellence \u0026amp; Divestments\u003c\/td\u003e\n\u003ctd\u003eImproving efficiency, reducing costs, and divesting non-core businesses.\u003c\/td\u003e\n\u003ctd\u003eReported reduction in operational fixed costs in 2023; progress in efficiency programs.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe Fortum Business Model Canvas preview you are seeing is the actual document you will receive upon purchase. This means the structure, content, and formatting are identical to the final deliverable, ensuring no surprises. You are getting a direct view of the complete, ready-to-use Business Model Canvas that will be yours to edit and utilize immediately after your transaction.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":55611187954041,"sku":"fortum-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/fortum-business-model-canvas.png?v=1754752547","url":"https:\/\/growthsharematrix.com\/products\/fortum-business-model-canvas","provider":"Growth Share Matrix","version":"1.0","type":"link"}