Wärtsilä study examines the potential of Power-to-X fuels for power generation
Wärtsilä Corporation, Trade press release, 20 June 2023 at 9:30 AM EEST
A newly published whitepaper by technology group Wärtsilä provides an in-depth study on the potential of Power-to-X (P2X) fuels in enabling a decarbonised future for the global energy sector. Entitled “The feasibility of Power-to-X fuels for power generation”, the study examines the entire value chain of P2X fuels, analyses cost predictions, and provides detailed analysis of P2X fuels in energy systems via Wärtsilä's extensive modelling capabilities. The new and comprehensive analysis brings clarity to the economic feasibility of P2X fuels.
P2X technologies convert electricity into carbon-neutral synthetic fuels. Combined with balancing power generation such as engines or energy storage, this process is widely viewed as being a viable means to achieve sustainable power production. The main P2X fuel options for power generation in the study are green hydrogen, synthetic methane, ammonia and methanol.
“For power systems to be fully decarbonised we need to go beyond the solutions that are widely utilised today,” says Business Development Manager Tuomas Paloviita from Wärtsilä. “We need technologies that provide greater operational flexibility and facilitate the seamless integration of renewable energy. We believe that P2X fuels will be essential for meeting both the seasonal and shorter-term balancing requirements of the grid."
Wärtsilä has invested heavily in the development of engines capable of operating with sustainable fuels, including P2X fuels. The company has outstanding testing facilities and capabilities, as well as years of in-house experience. Wärtsilä’s Sustainable Technology Hub features a dedicated fuel laboratory where testing and engine compatibility assessments can be carried out under one roof.
Wärtsilä has considerable expertise in power system modelling. Wärtsilä’s in-house modelling team utilise PLEXOS, a third-party techno-economic simulation software, allowing Wärtsilä to assess the feasibility of utilising P2X and energy storage under actual operating conditions. Wärtsilä supports its partners with project level analysis using PLEXOS and Excel tools. The study provides a comprehensive feasibility analysis on the cost of using sustainable fuels for reliable power generation and long-term storage in the future.
The whitepaper can be read on Wärtsilä’s website: www.wartsila.com/energy/sustainable-fuels/the-feasibility-of-power-to-x-fuels-for-power-generation
Read more about sustainable fuels: www.wartsila.com/energy/sustainable-fuels
Media contact for more information on this release:
Katri Pehkonen
Communications Manager
Wärtsilä Energy
Mob: +358 50 591 6180
katri.pehkonen@wartsila.com
Image caption: Wärtsilä’s comprehensive new whitepaper explores the potential of Power-to-X fuels for enabling a decarbonised future. © Wärtsilä Corporation
All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded.
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology 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 shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä’s net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
Wärtsilä Energy in brief
Wärtsilä Energy leads the transition towards a 100% renewable energy future. We help our partners to accelerate their decarbonisation journeys through our market-leading technologies and power system modelling expertise. These cover decarbonisation services, future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS Digital Energy Platform. Wärtsilä Energy’s lifecycle services are designed to increase efficiency, promote reliability and guarantee operational performance. Our track record comprises 76 GW of power plant capacity and 110 energy storage systems delivered to 180 countries around the world.
www.wartsila.com/energy
