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Company

Fortum

Finnish state-controlled energy utility that generates and sells electricity in the Nordic region, including nuclear, hydro and wind output.

Known aliases

  • Fortum Corporation
  • Fortum Oyj

Current stories

buildConfirmed11 publishers

Finland's permit agency questions Google's operator over 300 hectares of felled forest

Finland's permit agency has asked Tuike Finland, Google's local data center company, to explain clearing about 300 hectares of forest near Muhos. A conservation group wants the site halted until regulators decide whether the work was legal.

Perspective Coverage

11 publishers
Builder
Builder 14%
Operator
Operator 53%
Investor
Investor 33%

Reality

Evidence78
Adoption
Not scored
Hype gap+15
Incentives62
Confidence74
investOne report1 publisher

Finland halts work at two of Google's three new data center sites a month after its 13 billion euro pledge

Finland's licensing agency halted work at Google's Muhos and Kajaani data center sites on October 6, a month after Google pledged at least 13 billion euros. Google had cleared forest there before environmental assessments were finished, so the delay so far comes from its own sequencing and lands before the 2027 spending window opens.

Reality

Evidence40
Adoption30
Hype gap+25
Incentives
Not scored
Confidence40
investOne report1 publisher

Google Commits 13 Billion Euros to Finnish Electrons

Google's at-least-13-billion-euro Finnish commitment comes with a side deal that keeps a nuclear plant alive past 2030, and it's the generation contract, more than the capex line, that explains why the Nordics are winning this capital.

Publishers:fortune.com

Reality

Evidence45
Adoption35
Hype gap+28
Incentives75
Confidence50
productOne report1 publisher

Fortum hangs the undecided €800m of its Loviisa extension on a 20-year Google offtake

The Finnish utility says a Google power contract is what lets it keep committing money to running two 1970-vintage reactors to 2050. Most of the capital behind that plan has not yet been approved.

Reality

Evidence57
Adoption48
Hype gap+22
Incentives74
Confidence55
productOne report1 publisher

Google buys 22 years of Finnish nuclear output to get four data centres onto the grid

Google will spend 13bn euros on four Finnish sites in 2027 and 2028. To secure the power for them, it has contracted Loviisa's life extension plus 629MW of new wind.

Publishers:thenextweb.com

Reality

Evidence55
Adoption40
Hype gap+30
Incentives75
Confidence60