Next step in shaping the decarbonisation of Marine and Energy

Håkan Agnevall

President & CEO

1

© Wärtsilä

Decarbonisation of Marine and Energy is accelerating

Share of carbon neutral and zero carbon fuels in maritime

(%) 100

Decarbonisation 2050 (1.5°C scenario)

IMO baseline

75

Owners will decide on technology partners now:

  • Vessel life is 25-30 years

50 - Critical decision criteria:

  1. Multifuel capabilities for blending with green fuels
  2. Conversion capabilities for future fuels

25

0

2020

2030

2040

2050

Vessel lifetime 25-30 years

Share of renewables in global electricity generation

(%) Renewables Other

Total electricity generation (TWh)

3X1)

84% 88%

61%

28%

2020

2030

2040

2050

Source: DNV Maritime Forecast 2050 model, Wärtsilä Internal estimates 1) Total electricity generation (TWh) from 2020 to 2050, IEA World Energy Outlook 2021 (Net Zero Emissions Scenario)

2

© Wärtsilä

Our purpose

3© Wärtsilä

Broad solution offering to support our customers in decarbonisation

ENGINES

ELECTRIC

FUEL CELLS

ENERGY SAVING DEVICES

CARBON CAPTURE

Diesel

FAME/HVO1)

LNG

Bio-methane

Synthetic methane

LPG

Hydrogen blends

Hydrogen 100%

Ammonia

Methanol

Hybrid

Full electric

SOFC, PEMFC 2)

Propulsion energy saving devices

Air lubrication and flettner rotors

Other

Technical concept

Technology evaluation ongoing

Technical concept

DIGITAL SERVICES

Fleet operation solutions

Expert insight

GEMS

OWN TECHNOLOGY

THROUGH PARTNERING

  1. FAME, HVO: biodiesel
  2. SOFC: solid oxide fuel cell, PEMFC: proton exchange membrane fuel cell

BOTH IN HOUSE DEVELOPMENT AND PARTNERING

4

© Wärtsilä

Leading the decarbonisation journey with a strong commitment to R&D and through partnering for a broad solution offering

Proactive dialogue on customers' specific technology roadmap

Competence & experience to engage in a credible

customer dialogue on "all" technologies

Solution offering for "most" technologies

Leveraging leadership in core technologies and partnering for complementary technologies

Key takeaways

  • Working with many of the new technologies for decades
  • Conversion to new fuels requires only a limited number of new engine parts
  • Large technology synergies between
    Marine and Energy
  • Transformation manageable with a stable R&D allocation of ~3% of net sales

5

© Wärtsilä

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Wärtsilä Oyj published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 10:51:10 UTC.