Wärtsilä

Overview

Wärtsilä, founded in 1834 and headquartered in Finland, operates in the manufacturing sector, specifically within industrial machinery and equipment. The company employs over 10,000 individuals and has reported significant revenue. Wärtsilä's expertise includes providing solutions for the energy sector, with a focus on supporting Finland's transition to becoming a green superpower. A recent report co-authored by Wärtsilä discusses the need for firm and flexible capacity in Finland's power system, particularly as the country increases its reliance on wind energy while phasing out older thermal units. The report emphasizes the potential challenges in generation adequacy and outlines the necessity of a capacity market to ensure resource adequacy and address investment risks associated with firm and flexible capacity. Additionally, the report highlights the role of demand-side response (DSR) in managing supply and demand mismatches, underscoring the importance of maintaining a reliable energy supply during periods of low wind generation. This reflects Wärtsilä's commitment to addressing the evolving energy landscape and supporting sustainable development initiatives.

Industry