Wärtsilä Energy is at the forefront of the transition towards a 100% renewable energy future. We help our customers and the power sector to accelerate their decarbonisation journeys through our market-leading technologies and power system expertise.
Our solutions include flexible engine power plants, energy storage and optimisation technology, and services for the whole lifecycle of our installations. Our engines are future-proof and can run on sustainable fuels.
Our track record comprises 79 GW of power plant capacity, of which 18 GW are under service agreements, and over 125 energy storage systems, in 180 countries around the world.
Our power system modelling expertise and on-the-ground experiences have shown that, although countries and regions have their own journeys and needs for net zero power systems, the global path to net zero is very similar.
Wärtsilä power plants are the ideal solution for decentralized power production and an attractive alternative to the conventional model of centralized power plants.
Wärtsilä's solutions are available for large plants of 500 + MW capacity. Our gas based power plants are highly flexible and offer the following benefits:
Our power plants can be used for base-load applications or for peak-load needs or to complement wind energy. Our engines can handle liquid fuels such as HFO/LSHS, LFO, LBF or natural gas. Versatile dual-fuel engines can switch between liquid fuel and gas, on line. The CCHP solutions have a very low CO2 footprint, and merit status of ‘deemed renewable energy’.
We provide complete EPC solutions and lifecycle O&M support.
Wärtsilä now has an installed base of more than 7000 MW with close to 384 power plants of different types in the Middle East region. This includes Wärtsilä's largest power plant in the world, IPP3 in Jordan, powered by 38 Wärtsilä 50DF multi-fuel engines with a combined capacity of 573 MW. In recognition of its world record size, the plant has been accepted into the Guinness book of records.
We have a total installed base of about 2 GW in Saudi Arabia, with a large service organisation to provide lifecycle support to customers.
Wärtsilä leads the transition towards a 100% renewable energy future. We help our customers in decarbonisation by developing market-leading technologies. These cover future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS energy management platform. Wärtsilä Energy’s lifecycle services are designed to increase efficiency, promote reliability and guarantee operational performance.
Our track record comprises 74 GW of power plant capacity and more than 80 energy storage systems delivered to 180 countries around the world.
The power sector will face dramatic changes in the next decade. These challenges will be discussed in our newly launched webcast series Rethink Energy: Navigating change in the power sector. In these webcast episodes, we will be talking to industry experts to get their perspectives on topics such as Rethinking Power Grids, Power Generation, Energy Storage, Energy Transition, and Systems Planning.
Wärtsilä Corporation - Managers' Transactions: Rahmström, Mats
____________________________________________
Person subject to the notification requirement
Name: Rahmström, Mats
Position: Member of the Board/Deputy member
Issuer: Wärtsilä Corporation
LEI: 743700G7A9J1PHM3X223
Notification type: INITIAL NOTIFICATION
Reference number: 743700G7A9J1PHM3X223_20200820140450_2
____________________________________________
Transaction date: 2020-08-18
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009003727
Nature of the transaction: ACQUISITION
( ) Executed under portfolio or asset management
( ) Linked to stock option programme
( ) Made under life insurance policy
Transaction Details
(1): Volume: 13500 Unit price: 7.22765 EUR
Aggregated transactions
(1): Volume: 13500 Volume weighted average price: 7.22765 EUR
More information:
Natalia Valtasaari
Vice President, Investor Relations
Tel: +358 10 709 5637
natalia.valtasaari@wartsila.com
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.
www.wartsila.com
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