Technology group Wärtsilä has signed a large multi-year supply agreement with EVE Energy, a globally leading battery cell supplier. The agreement will support Wärtsilä’s strong pipeline of Energy Storage & Optimisation orders across key markets.
Wärtsilä currently has more than 3.5 gigawatts (GW) and more than 7 gigawatt-hours (GWh) of energy storage capacity awarded, contracted, or in deployment across six continents.
Wärtsilä is proactively diversifying its partnerships across the value chain to capitalise on growing market demand and continue to efficiently fulfil commitments to its customers. The company maintains a successful on-time delivery record across complex geographical locations amidst global supply constraints.
Wärtsilä has a unique resilience against supply chain disruptions thanks to its existing global networks, reputation, and financial strength. The company has existing supply agreements with qualified battery suppliers in addition to EVE.
“Our partnership with EVE Energy is one of several strategic measures Wärtsilä is taking to diversify and strengthen our supply chain in response to industry-wide disruptions over the last few years,” said Andrew Tang, Vice President of Energy Storage & Optimisation at Wärtsilä. “We are constantly pursuing new opportunities to optimise our operations and ensure that we can continue to lead the transition towards a 100 percent renewable energy future.”
Steven Chen, President of EVE, said, "This cooperation with Wärtsilä is a significant step in EVE's globalisation, and will further enhance our ability to serve overseas high-end customer markets. Previously, EVE's products have been recognised by several internationally renowned customers and have entered their supply chains. In the future, we will continue to enhance our global service capabilities and make significant contributions to the new energy industry of mankind.”
EVE Energy will supply Lithium Iron Phosphate (LFP) battery cells for Wärtsilä’s GridSolv Quantum energy storage system, a fully integrated modular and compact solution that supports the integration of storage into electricity grids and the increase of renewable energy. GridSolv Quantum has a 100 percent safety record. It is one of the first energy storage systems to qualify under the 2023 revision of NFPA 855. GridSolv Quantum is certified to UL 9540 by Eurofins MET Labs in April 2022 and CSA in March 2023. It met UL 9540A unit-level performance requirements in February 2023.
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Image caption: Wärtsilä signs large multi-year supply agreement with EVE Energy to strengthen its supply chain and fulfil commitments to its customers © Wärtsilä Corporation
Wärtsilä Energy in brief
Wärtsilä Energy leads the transition towards a 100% renewable energy future. We help our partners to accelerate their decarbonisation journeys through our market-leading technologies and power system modelling expertise. These cover decarbonisation services, future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS Digital Energy Platform. Wärtsilä Energy’s lifecycle services are designed to increase efficiency, promote reliability and guarantee operational performance. Our track record comprises 76 GW of power plant capacity and 110 energy storage systems delivered to 180 countries around the world.
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in more than 240 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä’s net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki.