Wärtsilä unveils Decarbonization Services business model
By Jack Burke11 May 2022
Will be introduced to mining, industrial sectors first
Wärtsilä has introduced what it calls a Decarbonization Services business model, which utilizes Wärtsilä’s power system modeling and optimization tools alongside in-house expertise to reduce power system emissions.
It is also designed to help ensure power availability with the lowest levelized cost of electricity.
Initially, the service will focus on existing Wärtsilä 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 Wärtsilä’s success tied to the customer’s gains. Wärtsilä 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.
“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,” said Håkan Agnevall, Wärtsilä’s president & CEO. “We are combining our strengths in power systems modeling 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. Wärtsilä’s approach to meeting these challenges is holistic, both creating and executing the roadmap to reduce emissions. Power system modeling 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,” said Sushil Purohit, president, Wärtsilä Energy and Executive Vice President at Wärtsilä.