Wartsila Introduces Decarbonization Services Business Model at Net Zero CO2 Emissions

Source: www.gulfoilandgas.com 5/11/2022, Location: Europe

Wartsila’s Decarbonization Services is designed to support its customers in identifying and implementing the solutions needed to decarbonize their power systems.

The technology group Wartsila' s strategy for shaping the decarbonization of the energy sector is strengthened with the introduction of the company’s Decarbonization Services business model. The service utilizes Wartsila's sophisticated power system modelling and optimization tools alongside in-house expertise to reduce power system emissions. It also ensures power availability with the lowest levelized cost of electricity. The ultimate aim is to help customers decarbonize their assets.

Initially, the service will focus on existing Wartsila 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 Wartsila's success tied to the customer’s gains. Wartsila estimates, that its existing customers in the mining and industrial sectors have a carbon reduction potential of 460,000 tonnes per annum with initial optimization projects.

Announcing the new service concept, Håkan Agnevall, Wartsila's President & CEO said: “The need to address climate change is something we take very seriously, which is why we are utilizing our unique capabilities to decarbonize power generation. We are combining our strengths in power systems modelling and energy system optimization, with our flexible power generation technologies. In so doing, we can optimize overall energy costs and secure uptime and reliability of the power supply, while reducing emissions. Recognizing that there is no single solution that suits all applications, we will work closely with each individual customer. Decarbonization Services is one example of how we continue to move up the service ladder.”

Decarbonization Services is designed to support customers in identifying and implementing the solutions needed to decarbonize their power systems, taking into consideration their long-term planning and CO2 emission reduction targets.

Wartsila'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 decarbonization roadmap. Implementation of this roadmap is carried out using the GEMS Digital Energy Platform to achieve continuous optimization 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 decarbonize their operations. Decarbonization Services can help speed this process, while ultimately delivering benefits in cost reductions, increased reliability, optimized efficiency, and realization of their future vision, which is why we are ramping up our support with this new business model,” explained Sushil Purohit, President, Wartsila Energy and Executive Vice President at Wartsila.


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