The technology group Wärtsilä and Huaneng Jiangsu Co, the provincial subsidiary of China Huaneng Group Co., Ltd that is one of China’s largest state-owned power generation companies, have signed a Strategic Cooperation Framework Agreement (Cooperation Agreement) to cooperate in the development of sustainable power generation in Jiangsu, China. The agreement was signed at the Huaneng Jiangsu company headquarters on 31 December 2020.
The aim of the Cooperation Agreement is to develop more sustainable and flexible power generation based on internal combustion engine (ICE) technology that would enable the integration of more renewable resources into the Jiangsu grid. This aligns with China’s energy security strategy of “four revolutions and one cooperation.” The strategy’s four revolutions are intended to curb energy consumption, establish a diversified energy supply system, upgrade energy technology, and speed energy sector development. The cooperation aspect refers to strengthening international cooperation to achieve energy security under open conditions.
At the signing ceremony Mr Cao Qingwei, Chairman of Huaneng Jiangsu Co, said: “I appreciate Wärtsilä’s willingness to cooperate and enhance EU-China cooperation on energy. This will help us to innovate and take advantage of market opportunities in ancillary services, such as frequency regulation and peak shaving in Jiangsu province. Implementation of ICE technology will help China to accelerate its transition towards clean energy.”
In response, Frederic Carron, Wärtsilä Energy’s Vice President Middle East and Asia, said: “Signing this Cooperation Agreement is of great significance to Wärtsilä. The development of cleaner and more sustainable power generation through the application of flexible ICE technology is a positive step. At Wärtsilä we look forward to working together with Huaneng Jiangsu to create both technological, economical, and social benefits.”
Wärtsilä’s long-term R&D commitment on improving combustion engine efficiency has resulted in Wärtsilä engines having the highest efficiency numbers among existing prime movers. A key success factor has been the development of integrated engine functionalities that enable low emissions, and high engine efficiency of up to 50 percent in single cycle mode, depending on the engine type.
EU and China share common interests and goals for the clean energy transition and are jointly responsible for one third of the world's primary energy consumption. The EU-China energy cooperation focuses on supporting global transition towards clean energy on the basis of a common vision of a sustainable, reliable and secure energy system.
Image: Wärtsilä and Huaneng Jiangsu Co signed a Strategic Cooperation Framework Agreement on the development of sustainable power generation in Jiangsu, China, in December 2020. @ Huaneng Jiangsu Co
Media contact for more information on this release:
Mirja-Maija Santala
Manager, Marketing & Communications
Wärtsilä Energy
Mob: +358 400 793 827
mirja-maija.santala@wartsila.com
All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded.
Wärtsilä Energy in brief
Wärtsilä Energy leads the transition towards a 100% renewable energy future. We help our customers unlock the value of the energy transition by optimising their energy systems and future-proofing their assets. Our offering comprises flexible power plants, energy management systems, and storage, as well as lifecycle services that ensure increased efficiency and guaranteed performance. Wärtsilä has delivered 72 GW of power plant capacity in 180 countries around the world.
https://www.wartsila.com/energy
Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä’s net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
