Fortum to modernise historical Untra Hydropower Plant in Sweden
FORTUM CORPORATION PRESS RELEASE 29 SEPTEMBER 2023 Fortum will invest over SEK 700 million (over EUR 60 million) during 2023-2030 to modernise Untra, one of Sweden's oldest hydropower plants. The investment is part of Fortum’s strategic priorities to deliver reliable clean energy and drive decarbonisation in industries in the Nordics. “The construction of the Untra power plant had a significant impact on the first wave of electrification and today electricity is once more driving our transformation to Net Zero. Hydropower, known for its adaptability and extensive energy storage