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    District heating: the key to affordable and flexible decarbonised energy, says new study

    Wärtsilä Corporation, Press release, 20 November 2024 at 8 AM EETDistrict heating is a multi-technology solution which is currently underutilised for Europe to meet near-term decarbonisation goals affordably, highlights a new study released by technology group Wärtsilä today. In 2021, district heating supplied just 11% of Europe's households’ heating demand. The study, conducted by economic consulting firm Compass Lexecon, shows that modernising this sector could cut EU carbon emissions and scale renewable energy use significantly by transitioning away from inflexible coal-fired systems.

    Wärtsilä engines to deliver reliable power for generating facility

    Wärtsilä Corporation, Trade press release, 13 November 2024 at 2 PM EETTechnology group Wärtsilä has been contracted to supply generating sets and auxiliary equipment for Tampa Electric Company’s new generating facility in Florida, USA. Under normal conditions, this plant will generate power for the company’s customers throughout the service territory. Under special conditions, the plant will have the capability to operate in island mode to provide a reliable and resilient source of electricity for a military base. The project is being delivered in two phases, and the orders with Wärtsilä

    Wärtsilä President & CEO Håkan Agnevall on sick leave until 25 November

    Wärtsilä Corporation, Stock exchange release, 11 November 2024 at 17.00 EETWärtsilä President & CEO Håkan Agnevall on sick leave until 25 November Wärtsilä’s President & CEO Håkan Agnevall will be on sick leave due to a planned routine surgery and returns to his position no later than 25 November 2024. During his absence, President of Wärtsilä Marine & Executive Vice President Roger Holm will assume the duties of the CEO. For further information, please contact: Teija SarajärviExecutive Vice President, Human ResourcesTel: +358 10 709 5010teija.sarajarvi@wartsila.com Hanna-

    Gasum selects Wärtsilä for another bioLNG project in Sweden

    Wärtsilä Corporation, Press release, 7 November 11 AM EETWärtsilä Gas Solutions , part of technology group Wärtsilä, will supply Nordic energy company Gasum with biogas upgrading and liquefaction  solutions for their new bioLNG plant. The plant will produce high-quality bioLNG from agricultural and organic household waste. The order was booked by Wärtsilä in Q4 2024. When operational, the Wärtsilä offering will be capable of producing 25 tons of bioLNG per day. bioLNG is formed by purifying biogas to high-quality bio methane before it

    Wärtsilä Propulsion Factory Wuxi celebrates 20 years of innovation and efficiency and new thrusters contract

    Wärtsilä Corporation, News, 7 November 2024 at 10 AM EETWärtsilä Propulsion Factory Wuxi celebrated its 20th anniversary this week, marking two decades of commitment to innovation and excellence in marine propulsion technology. The event was attended by over 200 stakeholders, including distinguished officials from the Wuxi Government and senior management from Wärtsilä Marine, led by Roger Holm, President of Wärtsilä Marine and Executive Vice President of Wärtsilä Corporation. The day-long celebration featured a comprehensive programme that included insightful business updates and

    Wärtsilä completes fourth round of large-scale fire testing and advances noise mitigation for its energy storage systems

    Wärtsilä Corporation, Trade press release, 7 November 2024 at 9 AM EETTechnology group Wärtsilä announces significant advancements in fire safety and acoustic noise reduction for its energy storage systems (ESS), which will enable its customers to stay ahead of regulatory changes while minimising the environmental impact of their projects. These developments, including rigorous large-scale testing and enhanced noise mitigation technologies, further position Wärtsilä as a leader in safe and community-conscious energy solutions. Wärtsilä has recently completed its third and fourth rounds

    Newly introduced NextDF technology for Wärtsilä 25DF engine delivers ultra-low methane emissions

    Wärtsilä Corporation, Trade press release, 31 October 2024 at 11 AM EETTechnology group Wärtsilä has introduced its innovative NextDF feature for the Wärtsilä 25DF dual-fuel engine . While operating on liquefied natural gas (LNG), the NextDF feature reduces methane emissions to less than two per cent of fuel use across all load points, achieving as low as 1.1 per cent in a wide load range. What’s more, the nitrogen oxide (NOx) emissions are lower than on the standard Wärtsilä 25DF engine which already has low emission levels below IMO Tier III. LNG is

    Wärtsilä’s Interim Report January–September 2024

    Wärtsilä Corporation, Interim Report January–September 2024, 29 October 2024 at 8:30 (EET)Wärtsilä’s Interim Report January–September 2024 This release is a summary of Wärtsilä’s Interim Report January–September 2024. The complete report is attached to this release as a pdf file. It is also available on the company website at www.wartsila.com. IMPROVED NET SALES, PROFITABILITY AND CASH FLOW Highlights from July–September 2024 · Order intake remained stable at EUR 1,803 million (1,787), while the organic growth, which excludes FX impact and the impact of acquisitions and

    Wärtsilä Lifecycle Agreement will optimise performance and reliability of seven Capital Gas LNG Carriers

    Wärtsilä Corporation, Press release, 28 October 2024 at 11 AM EETTechnology group Wärtsilä has signed a five-year Lifecycle Agreement  covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management (“Capital Gas”). By applying Wärtsilä’s Operational Support service  and performance optimisation services, the agreement will deliver enhanced reliability, greater efficiency, minimised climate impact, and operational certainty for the vessels. The seven ships are powered by WinGD X-DF two-stroke, dual-fuel main engines.

    TwinShip project aims to improve access to reliable data for aiding in shipping decarbonisation

    Wärtsilä Corporation, Trade press release, 24 October 2024 at 11 AM EESTA consortium, including technology group Wärtsilä, will develop a new system for the maritime industry which is aimed at improving access to reliable data to enable smarter shipping decisions related to decarbonising fleet operations. The project, name ‘TwinShip’*, is sponsored by the European Union (EU) and will run from 2025 until 2028. The need for decarbonisation is well acknowledged in the maritime industry. However, investment decisions are often delayed due to a lack of accurate cost, performance and emission

    Wärtsilä and Qatar Shipyard Technology Solutions partner to provide customers with optimal service support

    Wärtsilä Corporation, Trade press release, 23 October 2024 at 09 AM EESTTechnology group Wärtsilä and Qatar Shipyard Technology Solutions signed a Memorandum of Understanding (MoU) on 30 September 2024. The MoU paves the way to formalise the cooperation between the two companies and ensures that vessels calling at Qatar Shipyard Technology Solutions for repairs, maintenance, or retrofit projects involving 2-stroke / 4-stroke engines, and propulsion equipment receive the optimal level of service support. At the MoU signing event, Mr. Jos J.A.A. Goris, Chief Executive Officer, Qatar

    Wärtsilä’s lead in Cargo Handling Systems continues with contract for four new VLAC vessels

    Wärtsilä Corporation, Press release, 22 October 2024 at 11 AM EESTWärtsilä Gas Solutions , part of technology group Wärtsilä, continues to strengthen its position as a market-leading supplier of advanced cargo handling systems . The latest contract is for four new 93,000 m3 capacity Very Large Ammonia Carrier (VLAC) vessels being built for Greek owner Naftomar. The contract has been placed by the Korean shipyard, Hanwha Ocean Co (formerly Daewoo Shipbuilding and Marine Engineering), and was booked by Wärtsilä in Q3 2024. Wärtsilä's

    Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: Varma Mutual Pension Insurance Company’s holding in Wärtsilä Corporation

    Wärtsilä Corporation, flagging notification, 18 October 2024 at 09:30 EESTNotification in accordance with the Finnish Securities Market Act Chapter 9 § 5: Varma Mutual Pension Insurance Company’s holding in Wärtsilä CorporationVarma Mutual Pension Insurance Company has informed Wärtsilä Corporation that it has crossed below the 5% disclosure limit on total holding in shares and voting rights on 17 October 2024. Total position of Varma Mutual Pension Insurance Company and its funds subject to the notification: % of % of shares Total of Total number of shares

    Wärtsilä continues to strengthen its market leadership in cargo handling and fuel gas supply systems

    Wärtsilä Corporation, Press release, 17 October at 11 AM EESTWärtsilä Gas Solutions,  part of technology group Wärtsilä, has been contracted to supply the cargo handling  and fuel gas supply systems  for six newbuild medium-sized gas carrier (MGC) vessels, which again strengthens the company's market-leading position in this sector. The new vessels are built at the Jiangsu Yangzi-Mitsui (YAMIC) Shipbuilding yard in China for a

    Wärtsilä supports South Australia’s energy transition with new 150 MW / 300 MWh energy storage system for Amp Energy

    Wärtsilä Corporation, Press release, 17 October 2024 at 9 AM EESTTechnology group Wärtsilä has been selected to deliver its second major energy storage project in South Australia. Located in Bungama, stage 1 of this multi-stage project will be supplied to Amp Energy, a global energy transition platform. The standalone battery energy storage system (BESS) will have a 150 MW / 300 MWh capacity and will support energy security and reliability as renewable energy supply increases, pacing South Australia’s ongoing energy transition. The order was booked in September 2024. The project will

    Wärtsilä’s Interim Report January-September 2024 to be published 29 October 2024 at 8.30 EET

    Wärtsilä Corporation, Press release, 15 October 2024 at 13:00 EESTWärtsilä Corporation will publish its Interim Report January-September 2024 on Tuesday 29 October 2024 at 8.30 a.m. Finnish time. The report will be available in pdf-format on the company website at www.wartsila.com after publishing. A virtual analyst and press conference will be held as a webinar on the same day, Tuesday 29 October 2024, at 10.00 a.m. Finnish time (8.00 a.m. UK time). Participating via the web Register and login to the web interface via the web address below. When you register, you are prompted to

    Wärtsilä strengthens manufacturing partnership with RCT Power

    Wärtsilä Corporation, News, 10 October 2024 at 1 PM EESTTechnology group Wärtsilä and global energy solutions provider RCT Power publicly announce their long-term partnership for the manufacturing of Wärtsilä's Quantum energy storage systems. The partnership was recently strengthened by an extended supply agreement, which allows Wärtsilä to ramp up manufacturing in Malaysia. RCT is a global technology leader in stationary storage solutions for both domestic and industrial use. With roots in Konstanz, Germany, RCT operates manufacturing facilities in East Asia, building high quality,

    Notification in accordance with the Finnish Securities Market Act Chapter 9 § 10: BlackRock, Inc.’s holding in Wärtsilä Corporation

    Wärtsilä Corporation, flagging notification, 3 October 2024 at 16:45 EESTNotification in accordance with the Finnish Securities Market Act Chapter 9 § 10: BlackRock, Inc.’s holding in Wärtsilä CorporationWärtsilä Corporation has received a notification under Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). The reason for the notification by BlackRock, Inc. is the Group restructure following the acquisition of Global Infrastructure Management LLC (“GIP”) on 1 October 2024. The aggregate holdings including financial instruments owned by BlackRock, Inc. and the entities

    Wärtsilä equipment and agreements support Italy’s increasing adoption of renewable energy

    Wärtsilä Corporation, News, 2 October 2024 at 9 AM EESTTechnology group Wärtsilä continues to support Italy’s 2030 national energy plan and decarbonisation ambitions. In Q4 2023, the company booked an order to supply an 18.5 MW Wärtsilä 50SG gas engine to extend an existing plant operating with three Wärtsilä 50SG engines. These fast-starting engines provide crucial grid-balancing capability as Italy increases its share of renewable energy. At the same time, Wärtsilä has signed five-year Guaranteed Asset Performance agreements covering seven Italian power plants participating in the

    Wärtsilä’s strong relationship with Jiangnan Shipyard enhanced with system orders for five new Very Large Ethane Carriers

    Wärtsilä Corporation, Press release, 1 October 2024 at 11 AM EESTTechnology group Wärtsilä will supply the Cargo Handling and Fuel Gas Supply systems for five new Very Large Ethane Carrier  (VLEC) vessels. The order has been placed by Jiangnan Shipyard, and the ships are being built for Chinese owners. The order was booked by Wärtsilä in Q3, 2024. The order  follows a similar order for Cargo Handling and Fuel Gas Supply systems placed by the yard in 2023 for four VLECs.  The new 99,

    Wärtsilä engines to ensure production reliability for Senegal gold mine

    Wärtsilä Corporation, Trade press release, 27 September 2024 at 9 AM EESTTechnology group Wärtsilä will supply the engines and auxiliary equipment for a power plant being installed at the Boto gold mine in Senegal. The order, which was booked by Wärtsilä in Q1 2024, has been placed by Africa Power Services (APS), the France based main contractor for the engineering, procurement and construction of the power plant. The mine has been recently acquired by Managem, an international mining group with operations in eight countries across Africa. “The mine is remotely located and has no

    Wärtsilä strengthens commitment to Zambia with O&M agreement renewal for Ndola power plant

    Wärtsilä Corporation, Trade press release, 26 September 2024 at 9 AM EESTTechnology group Wärtsilä has signed a renewal of its Operations & Maintenance (O&M) agreement covering the 105 MW power plant owned by Independent Power Producer Ndola Energy Company Ltd (NECL) in Zambia. The previous agreement had been in force since 2013. By ensuring the reliability and availability of the plant, NECL can meet its Power Purchase Agreement obligations with Zambia’s utility, ZESCO. The order was booked by Wärtsilä in Q2, 2024."We have worked closely with Wärtsilä for a number of years, and we are

    Wärtsilä to provide critical balancing capability for new Kentucky power plant

    Wärtsilä Corporation, Press release, 25 September 2024 at 9 AM EESTTechnology group Wärtsilä will supply the engineering and equipment for a new power plant project to be installed in Madisonville, Kentucky, USA. The order has been placed by Kentucky Municipal Energy Agency (KYMEA) and was booked by Wärtsilä in Q3, 2024. When commissioned, the plant will provide the grid balancing capabilities necessary to allow the utility to increase its share of energy from renewable sources. The power plant will also protect KYMEA's members from price volatility in electricity markets. The KYMEA

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