New biomass-fired CHP plant inaugurated in Värtan, Stockholm

FORTUM CORPORATION PRESS RELEASE 9 May 2016

Fortum Värme, jointly owned by Fortum and the City of Stockholm, today inaugurated its new, biomass-fired combined heat and power plant (CHP) in Värtan, Stockholm. When the plant starts commercial production in the autumn, it will use forest residues and wood waste to produce district heat for nearly 200,000 households. Daily consumption of wood chips will be approximately 12,000 cubic meters.

“After a long process, one of the world’s biggest biomass-fired combined heat and power plants has now been inaugurated. This is an important step towards a sustainable energy system in Stockholm and in Europe,” says Fortum Värme’s Managing Director Anders Egelrud.

"With the new power plant 90% of Fortum Värme's energy production is based on renewable and recovered energy sources. That is quite unique. Our goal is naturally 100% renewable production," says Karin Wanngård, Finance Commissioner of the city of Stockholm.

“High emissions and low efficiency of heating, cooling and electricity production are typical problems in growing urban areas. Together with the City of Stockholm, we are taking steps towards a circular economy by utilising biomass, waste and recovered heat from data centres in energy production. Biomass is a renewable, largely local and carbon-neutral energy source. Its use increases the share of domestic energy resources particularly in Northern Europe, and it is an important building block of a sustainable energy system and bio economy,” says Fortum's President and CEO Pekka Lundmark.

The value of the investment project launched in 2013 is about EUR 500 million. Fortum Värme is the first energy company in Europe to have the Forest Stewardship Council’s (FSC) Chain of Custody (CoC) certification. The new power plant will reduce emissions in the Stockholm area by 126,000 tonnes per year.

Fortum Corporation
Corporate Communications

Further information:
Viktoria Raft, press officer, Fortum Värme, viktoria.raft@fortum.com, +46 722 320 631

Read more:
Stock exchange release 20 December 2012: Fortum to invest in a new biofuelled combined heat and power plant in Stockholm, Sweden
Fortum’s energy review: More sustainable, less subsidised biomass

Watch videos:
About bio-CHP plant project
Inauguration of the plant (video in Swedish)

Fortum
Fortum’s vision is to be the forerunner in clean energy. We provide our customers with electricity, heat and cooling as well as other energy solutions that improve present and future life. Already 64% of our electricity generation is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia, Poland and India. In 2015, we employed some 8,000 energy sector professionals, and our sales were EUR 3.5 billion. Fortum’s share is listed on Nasdaq Helsinki. www.fortum.com