Fortum Värme changes name to Stockholm Exergi
FORTUM CORPORATION ONLINE NEWS 30 January 2018
Fortum Värme (AB Fortum Värme Holding samägt med Stockholms stad), the jointly owned heat company operating in the capital area in Sweden, changes its name to Stockholm Exergi.
Fortum Värme has been co-owned by Fortum and the City of Stockholm since 2002. Stockholm Exergi will continue to be developed in close co-operation between the two owners, utilizing synergies where feasible.
Fortum continues to be a long-term owner of Stockholm Exergi. This ownership, as well as good co-operation with the City of Stockholm, delivers on Fortum's strategic cornerstone to create solutions for sustainable cities. Stockholm Exergi's goal to use 100% renewable fuels by 2022 has a big impact on Stockholm's climate strategy.
Fortum Värme was consolidated in Fortum's figures until 2016. The company has been responsible for its own financing since 2014. As an owner, Fortum expects to receive stable and over time increasing dividends in accordance with Stockholm Exergi's new market-based dividend policy.