The technology group Wärtsilä’s strategy for shaping the decarbonisation of the energy sector is strengthened with the introduction of the company’s Decarbonisation Services business model. The service utilises Wärtsilä’s sophisticated power system modelling and optimisation tools alongside in-house expertise to reduce power system emissions. It also ensures power availability with the lowest levelised cost of electricity. The ultimate aim is to help customers decarbonise their assets.
Initially, the service will focus on existing Wärtsilä customers in the mining and industrial sectors, as well as small-scale power utilities. It is carried out in long-term partnership with the customer and is outcome-based, with Wärtsilä’s success tied to the customer’s gains. Wärtsilä estimates, that its existing customers in the mining and industrial sectors have a carbon reduction potential of 460,000 tonnes per annum with initial optimisation projects.
Announcing the new service concept, Håkan Agnevall, Wärtsilä’s President & CEO said: “The need to address climate change is something we take very seriously, which is why we are utilising our unique capabilities to decarbonise power generation. We are combining our strengths in power systems modelling and energy system optimisation, with our flexible power generation technologies. In so doing, we can optimise overall energy costs and secure uptime and reliability of the power supply, while reducing emissions. Recognising that there is no single solution that suits all applications, we will work closely with each individual customer. Decarbonisation Services is one example of how we continue to move up the service ladder.”
Decarbonisation Services is designed to support customers in identifying and implementing the solutions needed to decarbonise their power systems, taking into consideration their long-term planning and CO2 emission reduction targets. Wärtsilä’s approach to meeting these challenges is holistic, both creating and executing the roadmap to reduce emissions. Power system modelling and dynamic simulations are used to identify the potential and create the decarbonisation roadmap. Implementation of this roadmap is carried out using the GEMS Digital Energy Platform to achieve continuous optimisation of the microgrid and all its assets. For example, fuel conversions, energy storage integration, and adding more renewables into the system can be part of the roadmap.
“We appreciate that customers around the world are working hard to decarbonise their operations. Decarbonisation Services can help speed this process, while ultimately delivering benefits in cost reductions, increased reliability, optimised efficiency, and realisation of their future vision, which is why we are ramping up our support with this new business model,” explained Sushil Purohit, President, Wärtsilä Energy and Executive Vice President at Wärtsilä.
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Image: Wärtsilä’s Decarbonisation Services is designed to support its customers in identifying and implementing the solutions needed to decarbonise their power systems. © Wärtsilä Corporation
Wärtsilä Energy in brief
Wärtsilä Energy 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 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 17,000 professionals in more than 200 locations in 68 countries shape the decarbonisation transformation of our industries across the globe. In 2021, Wärtsilä’s net sales totalled EUR 4.8 billion. Wärtsilä is listed on Nasdaq Helsinki.