We have been recognized by TIME for our continuous drive and focus on innovation and for shaping the decarbonization of the energy and ocean sectors. With innovative technologies and lifecycle solutions for the energy market, we are leading the transition to a 100% renewable energy future. In addition, we work with an ecosystem approach and promote existing and new partnerships worldwide. Finally, we were recognized for the achievements of Wärtsilä’s Energy Storage and Optimization business unit, which is responsible for integrating end-to-end grid solutions that build resilient and intelligent energy infrastructure.
Wärtsilä’s global portfolio of energy storage capacities includes more than six gigawatt hours in more than 110 projects on six continents, ranging from the largest and most complex grids to the most remote and important stand-alone systems. Håkan Agnevall, President and CEO of Wärtsilä said: “We are focused on shaping a decarbonized future for the energy and marine sectors and playing a leading role in the transition.” Our ongoing focus on innovation in technology and services through our thousands of employees around the world was recognized by TIME. We have big ambitions to bring to market some of the most important solutions for a decarbonized world, and we will continue to invest in global leadership in engine technology, energy storage and optimization, and lifecycle solutions to accelerate change and create a brighter future create coming generations.”
Founded in 1834, Wärtsilä has a proud history of innovation. The company is a world leader in the development of engine technology for the energy and marine sectors. These engines, combined with energy storage and optimization, provide the backbone for the transition to renewable energy and provide the flexibility needed to support intermittent wind and solar power. Wärtsilä is also pioneering the development of grid balancing motors that can run on sustainable fuels to create 100% renewable energy systems.
Anders Lindberg, President of Wärtsilä Energy and EVP of Wärtsilä, said: “We have been innovating as a company for almost 190 years, but our work has never been more important than in today’s energy transition.” This achievement is a testament to Wärtsilä’s long-term work in the field innovative technologies and solutions. It equally reflects the combined expertise, passion and commitment of our talented people working with our customers and partners worldwide.”
Wärtsilä expanded its energy storage offering in 2017 and is now one of the top three energy storage providers in the world.
“Energy storage is a critical part of our vision of a 100% renewable grid,” said Andrew Tang, vice president of energy storage and optimization. “Wärtsilä’s market-leading energy storage technologies help energy operators accelerate decarbonization with unmatched reliability, flexibility and security. Since its inception, Wärtsilä Energy Storage & Optimization has achieved a 1,400% increase in project capacity and is now one of the leading energy storage integrators worldwide.”
To compile the list, TIME solicited nominations from its global network of contributors and correspondents, as well as outside experts. The TIME editors then rated each entry based on key factors such as Impact, Innovation, Ambition and Success. The result is a diverse group of 100 companies helping to chart a meaningful path forward.
Wärtsilä Energy in brief
Wärtsilä Energy is at the forefront of the transition to a 100% renewable energy future. We help our partners accelerate their decarbonization journeys through our market-leading technologies and expertise in energy systems modeling. These include decarbonization services, future-ready balancing power plants, hybrid solutions, energy storage and optimization technology, including the GEMS Digital Energy Platform. Wärtsilä Energy lifecycle services are designed to increase efficiency, promote reliability and ensure operational performance. Our track record includes 76 GW of power generation capacity and 110 energy storage systems delivered to 180 countries worldwide.
Wärtsilä in a letter
Wärtsilä is a leading global provider of innovative technologies and life cycle solutions for the marine and energy markets. We value innovation in sustainable technologies and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in more than 240 locations in 79 countries are shaping the decarbonization transformation of our industries around the world. In 2022, Wärtsilä’s net sales amounted to 5.8 billion euros. Wärtsilä is listed on Nasdaq Helsinki.