Wartsila and it's strategy in renewable energy market

Wartsila focus in innovative technology & lifecycle solutions (sustainable energy) in Marine and Energy markets

Marine

Decarbonization and Digitalization transformation marine operation

Main objectives

•  Boosting fleet efficiency
• Safety operational
• Environmental sustainability
• Operational performance

Climate and Economic policy

International Maritime Organization emissions target:

• Reduce average CO2 emissions per transport minimum 40% in 2030
• Total annual Green House Gas (GHG) emissions minimum 50% in 2030 and 0% in 2050

To support it European Union (EU) give green bonds which financial instrument to support project that have positive environmental or climate benefit.

Vessel owner must support changes 4 sectors below to ensure success of Decarbonization

1. A shift fossil fuel to Carbon-free alternative fuels as below

•  Ammonia
• Hydrogen
•  LNG (Liquid Natural Gas 
  

      2.   Used technology to reduce emission, increase efficiency and reduce operational cost

• Scrubber system to reduce local pollutant
• Hybrid system (combination of battery and conventional diesel engine) to running engine in optimal load, reduce maintenance and increase system performance
• Hull air lubrication, effective to cut fuel consumption and emission up to 10%
• Rotor sails system to cut fuel consumption up to 30%
• New design of Rudder & Propeller system to improve vessel movement and maneuver

      3.   Digitalization vessel operation (recording and communication system)

ENERGY

Wartsila focus in Energy transition and Flexibility

1. Wind and Solar Energy

           In the past decade, Wind and Solar energy is cheapest bulk electricity for 2/3 of the world and expected it become cheapest bulk electricity in everywhere in 2030

       2. Natural Gas Energy

            Natural gas to be consider to replace fossil energy. In developing country number of Natural gas             infrastructure have been improved. In global scale flexibility of gas energy is key of the transition.

        3.  Hydrogen and Synthetic fuels

            In power system incorporate of renewable energy and battery storage can produce green hydrogen that can be used as fuel to balancing output when cloudy or calm weather and synthesized to facilitate it handling and use (stored and transported)

Marine and Energy market

During covid period, lots of shipbuilding contract postpone due to logistical disruption of container ship, gas carrier and bulker sector. After covid period, vessel market improved in cruise vessel, ferry market and offshore oil and gas segment, tanker have been improved even it rates still below pre covid period in 2019. All investors are still wait and see the opportunity and it getting worst due to Russia and Ukraine war.

Challenging factors

In future together all stakeholders have to discovered and improved

1. Flexibility solutions in order to cover intermittent of renewable energy in power system
2. Financial bond from government and financial institution to support green energy
3. Agreement and Commitment in global scope to reduce emissions and effort to achieve the target
4. Pay more intention in developing country since fossil energy is the most and common energy for all citizens

Article Source 

• Wartsila website; get more information about company product especially in Marine and Energy
•  Scince.org
• Pinterest

Let’s incorporate together make better life environmental for us, our children and gran children