Wärtsilä partners with AW-Energy adding wave power generation to its capabilities as energy system integrator
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 12 September 2017 at 3 pm EEST
The technology group Wärtsilä and Finnish-based AW-Energy today announced they
had signed a global co-operation agreement covering sales and delivery of
WaveRoller, a wave energy technology developed by AW-Energy, on a turn-key basis
across the life-cycle.
The co-operation is based on AW-Energy's patented and certified technology and
Wärtsilä Energy Solutions' global project execution, services and integration
capabilities. Ocean energy is the largest untapped renewable energy source with
a potential for hundreds of GWs generation capacity. In addition to the vast
resource potential, ocean waves and sea states can be accurately predicted up to
days in advance, making it the long awaited addition in the next generation
energy mix. Thus, the emerging wave power technology has all the pre-requisites
to take an equally sizable and important role with solar and wind in the future.
The technology is now at a stage where commercially operating pilot
installations can be delivered to customers interested in wave power and the
complementary capabilities of both companies pave the way for WaveRoller in
commercial roll-out.
"Wärtsilä strives to bring smart technologies enabling sustainable societies,
and AW-Energy is a prominent player in wave power. We have chosen to co-operate
with AW-Energy to be at the forefront of this development and to offer wave
power solutions to our customers worldwide, as a leading energy solutions
provider and system integrator," says Javier Cavada, President, Wärtsilä Energy
Solutions.
"Today, WaveRoller is involved in projects with ongoing development in Europe,
Americas and Asia and the total pipeline under discussions is circa 300MW
including industry flagship projects, spearheading the emerging industry. As the
leading player in the wave energy field, it is crucial that we choose partners
of the highest credibility and know-how. Cooperation with a world-class
technology group like Wärtsilä demonstrates the commercial readiness level of
our technology and positions AW-Energy as the frontrunner in the supply and
development of wave energy technology," says John Liljelund, CEO of AW-Energy.
The co-operation under the signed agreement will primarily focus on project
deliveries. In addition, there is a significant potential for further co-
operation between the companies also in other fronts such as technology and
life-cycle services. This cooperation announcement comes a few months after
Wärtsilä announced it would support the development of the latest WaveRoller
wave energy converter.
WaveRoller is a registered trademark of AW-Energy Oy
Link to the AW-Energy logo
For more information, please contact:
Mr Pekka Tolonen
Director, Renewables
Wärtsilä Energy Solutions
Tel: +358 40 343 3411
pekka.tolonen(at)wartsila.com
Mr John Liljelund
CEO
AW-Energy Oy
Tel: +358 40 068 1061
John.Liljelund(at)aw-energy.com
Ms Riina Rinkinen
Communications Manager
AW-Energy Oy
Tel: +358 440522938
riina.rinkinen(at)aw-energy.com
Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global energy system integrator offering
a broad range of environmentally sound solutions. Our offering includes ultra-
flexible internal combustion engine based power plants, utility-scale solar PV
power plants, energy storage & integration solutions, as well as LNG terminals
and distribution systems. The flexible and efficient Wärtsilä solutions provide
customers with superior value and enable a transition to a more sustainable and
modern energy system. As of 2017, Wärtsilä has 65 GW of installed power plant
capacity in 177 countries around the world.
www.smartpowergeneration.com
Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers. In 2016,
Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
AW-Energy in brief
AW-Energy is a pioneer in the green economy and a global leader in wave energy
technology. Its flagship product, WaveRoller®, is a submerged wave energy
converter based on a hinged panel that is attached to the sea bed in the near
shore area. It generates electricity from the movement of the waves (surge
phenomenon) and is connected to the electric grid onshore. The company is based
in Finland, and operates in multiple continents cooperating with strong
industrial partners including e.g. Lloyd's Register, Wärtsilä, DCNS and DNV-GL.
The company employs a highly professional and efficient team that manages a
network of over 100 engineers and technical staff. It is backed by Fortum, a
leading European utility company, Aura Capital, Sitra and the European
Investment Bank.
www.aw-energy.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.09.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 559611
Anzahl Zeichen: 6149
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Wärtsilä partners with AW-Energy adding wave power generation to its capabilities as energy system integrator"
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