The technology group Wärtsilä is leading the way to the power industry’s transformation toward a future that uses 100% renewable energy. In announcing its vision for the energy market, the company is making a call to action since the technologies required to achieve this vision are already available. The energy sector is changing for all stakeholders, and Wärtsilä is harnessing its extensive capabilities to lead that change.
“Obviously the speed of change differs between the markets, but the general pace is becoming faster and faster,” explained Javier Cavada, President, Wärtsilä Energy Solutions. However, we have already reached the first milestone along the route to our vision becoming reality now that renewables are already competitive without subsidies in many regions. The next milestone will be when renewables start to replace existing inflexible thermal capacity across the globe.”
Cavada added: “This will be the ultimate tipping point and, supported by reduced energy storage costs, will enable renewables to become the new baseload.”
Central to maintaining a sustainable and profitable future for the industry is the need to maximize renewable generation, which is made possible by generating assets having the necessary flexibility. In the 100% renewables world, the majority of the energy produced will be from solar and wind power. The required operational flexibility will be provided by flexible gas assets using synthetic renewable fuels, by the extended use of energy storage technology, and by optimizing the lifecycle of the existing installations.
“Existing inflexible thermal capacity is currently slowing down the transition to renewable energy generation in many places,” noted Matti Rautkivi, Director, Sales & Marketing, Wärtsilä Energy Solutions. “We at Wärtsilä are helping our customers, through sophisticated power system modeling, to understand the opportunities provided by affordable renewable energy, and the implications it has on their power systems. Investments in affordable renewable energy, together with flexibility will be the winning global portfolio for our customers.”
Wärtsilä is committed to enabling sustainable societies with smart technologies and is positioned at the core of future energy systems. The company’s flexible power generation solutions provide the required operational flexibility and will be a key element within the 100% renewable power system future. Wärtsilä’s engine solutions already have the capability to run on various gas and liquid fuels, and Wärtsilä is looking for opportunities to develop engines for synthetic biofuels, as well as traditional biofuels.
“Wärtsilä’s extensive portfolio, which includes engine power plants, LNG solutions, renewables, energy storage and integration, lifecycle optimization, and new technologies such as power to gas, is built around the need to provide customers with the flexibility and reliability essential in this changing energy world,” said Pierpaolo Barbone, President, and EVP, Wärtsilä Services. We are able to support our customers throughout their asset lifecycle by improving their efficiency and even contributing to new business models. We offer long-term service agreements with performance guarantees to meet our customers´ business targets.”
To learn more about Wärtsilä’s vision, click here.
Filed Under: News, Policy