The technology group Wärtsilä has been granted funding of EUR one million to support its research in the field of Power-to-X technology. The X-Ahead project is aimed at developing deep expertise of both the technical and business potential of Power-to-X, which will be used to promote a carbon-neutral economy for Finland. It will also act as a base for defining Wärtsilä’s role in this field as part of the global transition to carbon-neutral solutions. The funding has been granted by Business Finland, a state-run public agency for funding important research projects.Power-to-X is an umbrella term for various emerging technologies that utilise renewable electricity, CO2 captured from the air or directly from emissions streams and combining it with hydrogen to create carbon-neutral and renewable synthetic fuels. In the future, fossil fuels will be replaced by these renewable synthetic fuels to mitigate climate change.
Under its X-Ahead project, Wärtsilä will form and lead a strong network of universities, research industries, and small and medium-sized enterprises on a national, as well as a global scale. This will result in the development of an effective ecosystem around Power-to-X research, which will be enriched with best global practices to produce meaningful national and international benefits.
“Wärtsilä has been actively working on the Power-to-X concept since 2018, during which we have gained a thorough general understanding of the technology. We are now building on this via the X-Ahead project, which will significantly improve the efficiency and feasibility of all processes relating to the development of Power-to-X technology. It gives us a brilliant opportunity to speed up the move to a 100 percent renewable energy future,” said Tommi Rintamäki, Senior Manager, Power-to-X, Wärtsilä Energy Business.
“A strong ecosystem of leading industrial companies like Wärtsilä together with innovative and agile Finnish universities form an excellent base to find concrete novel solutions to mitigate climate change and turn the research into industrial business,” said Helena Sarén, Head of Smart Energy, Business Finland.
The project is planned for commencement this year and will run for approximately two and a half years. Wärtsilä’s existing expertise in market analytics will support the research’s focus on the most promising ways to develop Power-to-X technology. Furthermore, X-Ahead will provide valuable insight into the possibilities related to synthetic fuel production and create many new jobs in the field.
Related press releases:
Carbon Recycling International wins Wärtsilä SparkUp Challenge for Power-to-X start-ups
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Wärtsilä, LUT University and Nebraska Public Power District to develop business case for alternative fuels
Image caption: Infographic showcasing how climate change can be mitigated by recycling captured CO2
For more information, please contact:
Senior Manager, Power-to-X
Wärtsilä Energy Business
Mob. +358 40 5820259
Manager, Marketing & Communications
Wärtsilä Energy Business
Mob: +358 400 793 827
Wärtsilä Energy Business in brief
Wärtsilä Energy Business 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.
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 2019, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.