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

WÄRTSILÄ OYJ

(WRT1V)
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Wärtsilä Oyj : Wärtsilä awarded energy storage system order totalling 90 MW / 90MWh from South East Asia

10/19/2020 | 03:10am EST

The technology group Wärtsilä has received a repeat energy storage system order totalling 90 MW / 90 MWh from an existing South East Asian customer. The solution will provide much needed flexibility and reliable grid support and will allow the further integration of energy from renewable sources, such as solar and wind power. The Engineering, Procurement, and Construction (EPC) order was booked by Wärtsilä in Q3 2020.The system includes Wärtsilä's propriety software and hardware solutions. The company's GridSolv Max solutionis a standardised solution that provides flexible and modular storage for the core hardware assets within Wärtsilä energy storage systems, including batteries, a safety and fire system, and inverters. Wärtsilä's GEMS, the leading sophisticated energy management platform, provides the smart digital controls that optimise the entire storage system, enabling reliable, resilient power supply.

'This contract represents a further endorsement of Wärtsilä's EPC capabilities, which have been sharpened with experience from similar regional projects. Our speed of execution and the coordination between the teams involved provides the support demanded and delivers an optimised solution to the customer,' commented Nicolas Leong, Wärtsilä Energy Business Director, North and South East Asia.

In 2018, the Association of South East Asian Nations (ASEAN) committed to meeting 23 percent of its primary energy needs from renewable sources by 2025. This target has encouraged the region to leverage its abundant wind and solar resources as a means of reducing its reliance on fossil fuels. This latest Wärtsilä energy storage project will help provide the flexibility and reliability required in supporting the region's transition to renewable energy, and to deliver important grid support as electricity demand increases along with economic development.

Wärtsilä's GEMS platform can react almost instantaneously to smooth the integration of renewables, thereby enabling the grid to become more responsive and stable. With GEMS, grid operators can rely on renewables for baseload power.

Wärtsilä has a strong presence in South East Asia with a total installed capacity above 9000 MW of which 2000 MW were executed as EPC delivery including approximately 300 MW of energy storage.

Image caption: Wärtsilä GridSolv Max is a standardised solution that provides flexible and modular storage for the core hardware assets within our energy storage systems. © Wärtsilä Corporation

Read more about Wärtsilä energy storage solutions

Earlier published press releases on storage projects:
Wärtsilä signs 100 MW/100 MWh energy storage system project deal in South East Asia
Wärtsilä's new 100 MW energy storage project in South East Asia to boost regional grid stability

Articles:
Learning curves: How software and storage are powering a renewable future
Next generation storage systems

For more information, please contact:

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

mirja-maija.santala@wartsila.com

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/energy/

Wärtsilä 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 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 07:09:01 UTC


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