Based on Wärtsilä Corporation press release, 11 May 2022
Wärtsilä has introduced a new business model to help customers decarbonise their assets, strengthening Wärtsilä’s strategy to shape the decarbonisation of the energy sector. The Decarbonisation Services utilise 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.
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.
“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,” said Håkan Agnevall, Wärtsilä’s President & CEO, when announcing the new service concept.
Agnevall noted that Decarbonisation Services combines Wärtsilä’s strengths in power systems modelling, energy systems optimisation, and 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.
Sushil Purohit, President of Wärtsilä Energy and Executive Vice President at Wärtsilä, said:
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.