Excelerate Energy, Inc. (the “Company” or “Excelerate”) has entered into an agreement with Wärtsilä Gas Solutions, part of technology group Wärtsilä, to purchase a reliquefaction system for retrofit installation onboard one of Excelerate’s floating storage regasification units (FSRUs). The equipment will be available to be installed on any of Excelerate’s existing vessels based on customer demand or for prospective LNG projects. The retrofit project will improve the environmental footprint of Excelerate’s FSRU operations by reliquefying boil-off gas and returning it back to the cargo tanks, thus reducing emissions and saving cargo at the same time. The system is also fitted with the latest technology and features to minimize maintenance and operational costs.
“We are committed to reducing the environmental footprint in all our operations, and this project is a substantial part of that commitment. We are very pleased to partner up with Wärtsilä Gas Solutions for this project, as their unmatched experience in reliquefaction systems, state-of-the-art technology, and all-round project engineering capabilities make them the ideal partner for us,” said David Liner, COO at Excelerate Energy.
“As a market leader in types of cryogenic gas applications, Wärtsilä Gas Solutions has demonstrated to the market for many years that we have the technology to contribute to greener shipping operations. We are, of course, very proud to be partnering with an industry-leader such as Excelerate Energy, which is a strong testament to our capabilities in delivering quality, commercial value and environmental benefits to our clients,” commented Walter Reggente, VP Wärtsilä Gas Solutions.
Delivery of the Wärtsilä reliquefaction system is scheduled for early 2026.