Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Wärtsilä Oyj    WRT1V   FI0009003727

WÄRTSILÄ OYJ

(WRT1V)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Wärtsilä Oyj : Utility-scale energy storage system supplied by Wärtsilä helps move Singapore towards a low-carbon energy future

10/27/2020 | 03:05am EST

The 2.4 MW/2.4 MWh energy storage system (ESS) supplied by the technology group Wärtsilä for Sunseap Energy Ventures of Singapore under an engineering, procurement and construction (EPC) contract has been installed. The ESS facility is a test-bed supported by Singapore's Energy Market Authority (EMA) and SP Group, a leading energy utilities company in Asia Pacific and it represents an important milestone in Singapore's energy transition towards a low-carbon energy future.

This is the first utility-scale ESS in Singapore. It features Wärtsilä's GEMSadvanced energy management platform, as well as the company's GridSolv Maxsolution, a standardised energy storage technology designed for safety with core storage hardware assets, including batteries and inverters.

The ESS will participate in the wholesale electricity market to provide services necessary to mitigate intermittency caused by solar, as well as reduce peak demand. The utility-scale energy storage system will also provide insights into ESS' performance under Singapore's hot and humid environment and will aid in establishing technical guidelines for such deployments.

'This is an important step forward for Singapore's energy system. We expect this first battery system in Singapore to enhance grid stability by providing the quick response and flexibility needed when integrating solar power into the grid. This project will also provide learnings for future ESS applications and pave the way for more solar power to generate more green energy in Singapore,' said Frank Phuan, CEO and Executive Director of the Sunseap Group.

'Energy storage is rapidly becoming a key issue for the global energy markets, and the combination of our unique GEMS software, the GridSolv Max solution, and Wärtsilä's EPC capabilities have given us a leading position in this field. We are proud to be playing an important role in helping Singapore achieve a low-carbon energy future,' commented Nicolas Leong, Energy Business Director, North & South East Asia, Wärtsilä.

Singapore targets to have at least 2 GWp of solar deployment by 2030, and an energy storage deployment of 200 MW beyond 2025.

EMA announced the deployment of this ESS facility on 22 October 2020 in the press release Energy Storage Solutions Deployed in Singapore For a More Sustainable Future.

Earlier published press release: Wärtsilä to build energy storage system for Singapore's Energy Market Authority and SP Group

More information about Wärtsilä energy storage solutions

Media contact for more information on this release:

Mirja-Maija Santala
Manager, Marketing & Communications
Wärtsilä Energy
Mob: +358 400 793 827

mirja-maija.santala@wartsila.com

Image caption: Singapore's first utility-scale energy storage system. Photo © Energy Market Authority

All Wärtsilä releases are available at https://www.wartsila.com/media/news-releasesand at http://news.cision.com/wartsila-corporationwhere also the images can be downloaded.

Wärtsilä Energy in brief
Wärtsilä Energy leads the transition towards a 100% renewable energy future. We help our customers unlock the value of the energy transition by optimising their energy systems and future-proofing their assets. Our offering comprises flexible power plants, energy management systems, and storage, as well as lifecycle services that ensure increased efficiency and guaranteed performance. Wärtsilä has delivered 72 GW of power plant capacity in 180 countries around the world.
https://www.wartsila.com/energyWärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä's net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

Disclaimer

Wärtsilä Oyj published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 08:04:01 UTC


© Publicnow 2020
All news about WÄRTSILÄ OYJ
06:05aWÄRTSILÄ OYJ : What does an ammonia-ready vessel look like?
PU
03:03aWÄRTSILÄ OYJ : Wärtsilä selects Shell as test oil partner for factory testing
PU
11/30WÄRTSILÄ OYJ : Finnlines orders Wärtsilä engines and hybrid systems for its two ..
PU
11/26WÄRTSILÄ OYJ : Fully integrated Wärtsilä Hybrid Solution selected for new Misje ..
PU
11/25WÄRTSILÄ OYJ : Wärtsilä to deliver further 30 MW of capacity for leading Pakista..
PU
11/24WÄRTSILÄ OYJ : Wärtsilä to provide technical and remote support for eight Teekay..
PU
11/23WÄRTSILÄ OYJ : The UK could increase its ambitions for renewable energy at a low..
PU
11/19ABB division attracts interest from industry buyers -sources
RE
11/19WÄRTSILÄ OYJ : Wärtsilä 14 EU Stage V compliant engines selected for Swiss Inlan..
PU
11/17Fortum Q3 operating profit drops on weak Uniper results
RE
More news
Financials
Sales 2020 4 678 M 5 635 M 5 635 M
Net income 2020 164 M 198 M 198 M
Net Debt 2020 695 M 837 M 837 M
P/E ratio 2020 28,8x
Yield 2020 3,88%
Capitalization 4 781 M 5 714 M 5 759 M
EV / Sales 2020 1,17x
EV / Sales 2021 1,16x
Nbr of Employees 18 183
Free-Float 74,6%
Chart WÄRTSILÄ OYJ
Duration : Period :
Wärtsilä Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WÄRTSILÄ OYJ
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 7,32 €
Last Close Price 8,08 €
Spread / Highest target 18,8%
Spread / Average Target -9,46%
Spread / Lowest Target -25,7%
EPS Revisions
Managers
NameTitle
Jaakko-Veikko Eskola President & Chief Executive Officer
Thomas Johnstone Chairman
Arjen Berends Chief Financial Officer & Executive VP
Jukka Kumpulainen Chief Information Officer & Vice President
Outi Maarit Aarni-Sirviö Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WÄRTSILÄ OYJ-19.98%5 574
HONEYWELL INTERNATIONAL INC.15.21%143 088
SIEMENS AG-3.90%106 347
3M COMPANY-2.09%99 634
GENERAL ELECTRIC COMPANY-8.78%89 176
ILLINOIS TOOL WORKS INC.17.51%66 814