Wartsila leading along the path towards a 100% renewable energy future by Staff Writers Helsinki, Finland (SPX) Jun 18, 2018
The technology group Wartsila is leading the way to the power industry's transformation towards a future that utilises 100 percent renewable energy. In announcing its vision for the energy market, Wartsila is making a call to action since the technologies required to achieve this vision are already available. The energy sector is changing for all stakeholders, and Wartsila is harnessing its extensive capabilities to lead that change. Central to maintaining a sustainable and profitable future for the industry is the need to maximise renewable generation, which is made possible by generating assets having the necessary flexibility. In the 100% renewables world, the majority of the energy produced will be from solar and wind power. The required operational flexibility will be provided by flexible gas assets using synthetic renewable fuels, by the extended use of energy storage technology, and by optimising the lifecycle of the existing installations. As an energy system integrator, Wartsila understands the role of different technologies within future power systems. By combining the various assets, optimal paths towards a future with 100 percent renewables can be created. Already today, renewables - solar and wind in particular, constitute a major share of the total power generated in a number of markets, thus driving the paradigm change in the power market. As the levels of affordable renewable energy continue to replace the existing inflexible power generating capacity, a growing market for flexible generation and energy storage solutions is being created. Wartsila provides lifecycle services and solutions to support its customers in the energy transition. "Obviously the speed of change differs between the markets, but the general pace is becoming faster and faster. However, we have already reached the first milestone along the route to our vision becoming reality now that renewables are already competitive without subsidies in many regions. "The next milestone will be when renewables start to replace existing inflexible thermal capacity across the globe. This will be the ultimate tipping point and, supported by reduced energy storage costs, will enable renewables to become the new baseload," explained Javier Cavada, President, Wartsila Energy Solutions. Wartsila is committed to enabling sustainable societies with smart technologies, and is positioned at the core of future energy systems. The company's flexible power generation solutions provide the required operational flexibility today, and will be a key element within the 100% renewable power system future. Wartsila's engine solutions already have the capability to run on various gas and liquid fuels, and Wartsila is looking for opportunities to develop engines for synthetic biofuels, as well as traditional biofuels. "Existing inflexible thermal capacity is currently slowing down the transition to renewable energy generation in many places. We at Wartsila are helping our customers, through sophisticated power system modelling, to understand the opportunities provided by affordable renewable energy, and the implications it has on their power systems. Investments in affordable renewable energy, together with flexibility will be the winning global portfolio for our customers," noted Matti Rautkivi, Director, Sales and Marketing, Wartsila Energy Solutions. "Wartsila's extensive portfolio, which includes engine power plants, LNG solutions, renewables, energy storage and integration, lifecycle optimisation, and new technologies such as power to gas, is built around the need to provide customers with the flexibility and reliability essential in this changing energy world. "We are able to support our customers throughout their asset lifecycle by improving their efficiency and even contributing to new business models. We offer long-term service agreements with performance guarantees to meet our customers' business targets," added Pierpaolo Barbone, President and EVP, Wartsila Services.
SoftBank plans $60-100 bn investment in solar in India: report Tokyo (AFP) June 15, 2018 Japan's SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said Friday, as the firm looks to expand its interests into various sectors. The report by public broadcaster NHK comes after SoftBank announced in March it would partner Saudi Arabia on a multi-billion dollar solar project that the company's founder called the largest in the world. NHK said the massive investment in India would be funded jointly by SoftBank and Saudi Arabia, which ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |