Wärtsilä Oyj : Pre-silent call Q2 2022

1	© Wärtsilä

STH - towards a more sustainable future

• Smart Technology Hub is the next step in shaping the decarbonisation of Marine and Energy
• • Innovation for new products and solutions
  • Future fuels development
  • ROPAX Aurora Botnia as our floating test lab
  • Region of Vaasa as a key location for many industrial companies and talent
  • Proximity to the harbour with great possibilities in green shipping and smart port development

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STH will deliver the worlds first ammonia and hydrogen 4 stroke medium speed engines

The first W32 methanol engines will be delivered in early 2023

Several milestones on low/zero carbon technologies and products are planned for the upcoming years

Methanol	▪	2015: First engine conversion ZA40S
▪	2023: Delivery of first W32 methanol engines. Sales
	release of additional new build engines and engine
	conversion packages
Ammonia	▪	2022: Combustion and performance testing, optimization
	with different engine concepts and different engines
		platforms
	▪	2023: Ammonia concept ready
Hydrogen	▪	2022-2023: Combustion testing on different % blends and
	up to 100% hydrogen
	▪	2025: Hydrogen concept ready

Newly launched engines are a stepping stone in our strategic path to shape decarbonisation of the maritime industry

W46TS-DF

• Best-in-classfuel efficiency and emissions performance
• First order booked for Royal
  Caribbeans' Utopia of the Seas

W32 Methanol

• Multifuel engine based on
  Wärtsilä's proven 32 engine technology
• Fuel tanks and fuel handling system
• First order booked for Van Oords' offshore wind construction vessel

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Wärtsilä is well-positioned for the decarbonisation transformation

Leader in

Pioneer in

▪ Carbon neutral & zero carbon fuels

▪ Marine electric drivetrain

• Available today: biofuels, methanol, up to 25% hydrogen blends

-	2023: ammonia concept	▪ Carbon capture
-	2025: 100% hydrogen concept
		▪ Marine optimisation and autonomous solutions
▪ Energy efficient fuels
		▪ Partnering for complementary technologies
▪ #1 in marine hybrid power systems	-	Fuel cells
		-	Air lubrication
		-	Flettner rotors
▪ Power system optimisation
-	Energy storage
-	Grid balancing power

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Adoption of new fuels is the key to decarbonising the maritime industry

High energy prices accelerate decarbonisation

Move from a single-fuel industry to a multi-fuel one

Distribution of fuel types for Decarbonisation 2050 (1.5ºC scenario), EJ

12

HFO

8

LNG

VLSFO / MGO

4	Fossil and green fuel	Carbon neutral
fuels
blends

Electricity

from the grid

0

Zero carbon

fuels

2050 is a single vessel's lifespan away - customers need to invest in fuel flexibility to avoid risk of stranded assets:

• Vessel life is 25-30 years
• Critical decision criteria:
• 1. Multifuel capabilities for blending with green fuels
  2. Conversion capabilities for future fuels

Carbon neutral and zero carbon fuels in maritime

2020

2030

2040

2050

Source: DNV Maritime Forecast 2050 model, Wärtsilä internal estimates

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