Icelandic ON Power chooses Fortum Charge & Drive

FORTUM CORPORATION PRESS RELEASE 5 May 2015

ON Power, an Icelandic power company, has chosen Fortum’s Charge & Drive business system for operating their electric vehicle charging infrastructure in Iceland. By choosing Charge & Drive, the leading business system for smart charging operations, ON Power will provide a user friendly solution for electric vehicles (EVs). ON Power estimates that at least ten charging stations will be  in operation by the end of 2015.

-We were interested in finding a partner who had a clear idea about how a network of charging stations could be operated to support ON Power’s strategy, says Ásdís Gíslason, Marketing Manager, ON Power. -Fortum Charge & Drive has a high professional standard, and it is highly recognised in the business, so the choice was easy.

The agreement enables ON Power to operate  their smart chargers which will be placed in southwest Iceland. Fortum will supply the cloud-based Charge & Drive system, which provides solutions for managing the customer experience, infrastructure and charging business.

-The fact that ON Power chose to partner with Fortum in Iceland is a testament to our Charge & Drive platform. We are dedicated to supporting ON Power to create good customer experiences in Iceland. With this agreement, Charge & Drive is taking the first step outside our home markets of Norway, Sweden and Finland. We are very excited and look forward to good cooperation, says Rami Syväri, Program Manager International Expansion, Fortum Charge & Drive

Backed by more than ten years'  experience in developing charging solutions for electric vehicles, today Fortum’s Charge & Drive is  one of the market’s leading business systems for charging station operations. The platform is offered as a service for any operator wanting to expand step-by-step with its “pay as you grow” business model.

-Charge & Drive helps anyone who wants to offer charging services by getting their stations connected to a platform that has access to all the functionalities we offer. You start with the basic functionalities and can later add more advanced services as needed, says Fortum's Rami Syväri.

Fortum Corporation
Corporate Communications

Further information:
Ásdís Gíslason, Marketing Manager, tel +354 591 2715, e-mail: asdis@on.is
Rami Syväri, Program Manager, International Expansion, Fortum Charge & Drive, tel +358 40 709 5566, e-mail: rami.syvari@fortum.com

About ON Power
ON Power is a leading power company that produces electricity, mainly by harnessing geothermal energy, to more than half of the population of Iceland. The company is a world leader in the utilisation of geothermal energy, and produces electricity and geothermal water for heating.

Renewable power sources account for more than 70% of the total primary energy consumption in Iceland, far higher than anywhere else in the world. Our district heating utility is the largest geothermal district heating utility in the world.

About Fortum Charge & Drive
The Charge & Drive network is operating in Norway, Sweden and Finland. In total, the network in the Nordic countries is expected to consist of nearly 400 connected smart chargers by the second quarter of 2015. Companies such as Nissan, Renault, BMW, VW and McDonald's have chosen to partner with Fortum Charge & Drive for delivering a high-quality charging experience.

Fortum
Fortum’s purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2014, Fortum’s sales totalled EUR 4.75 billion and comparable operating profit
was EUR 1.35 billion. We employ approximately 8,800 people. Fortum’s shares are traded on the Nasdaq Helsinki. www.fortum.com

About Us

Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India, and 62% of our electricity generation is CO2 free. In 2016, our sales were EUR 3.6 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com

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