A new business model is designed to support customers in identifying and implementing the solutions needed to decarbonise power systems, taking into consideration long-term planning and carbon dioxide (CO2) emission reduction targets.
The technology group Wärtsilä says that its strategy for shaping the decarbonisation of the energy sector is strengthened with the introduction of its Decarbonisation Services business model. The service utilises Wärtsilä’s power system modelling and optimisation tools and in-house expertise to reduce power system emissions. It aims to ensure power availability with the lowest levelised cost of electricity, with the aim to help customers decarbonise assets.
The service will initially focus on existing customers in the mining and industrial sectors, as well as small-scale power utilities. The model is rolled out over the long term, in partnership with the customer and is outcome-based, meaning that Wärtsilä’s success is tied to the customer’s gains. The company estimates that its existing customers in the mining and industrial sectors have a carbon reduction potential of 460 000 t/y with initial optimisation projects.
Announcing the new service concept, Wärtsilä president and CEO Håkan Agnevall, said: “The need to address climate change is something we take very seriously, which is why we are utilising our unique capabilities to decarbonise power generation. We are combining our strengths in power systems modelling and energy system optimisation, with our flexible power generation technologies. In so doing, we can optimise overall energy costs and secure uptime and reliability of the power supply, while reducing emissions. Recognising that there is no single solution that suits all applications, we will work closely with each individual customer. Decarbonisation Services is one example of how we continue to move up the service ladder.”
Decarbonisation Services is designed to support customers in identifying and implementing the solutions needed to decarbonise power systems, taking into consideration the customer’s long-term planning and CO2 emission reduction targets.
Power system modelling and dynamic simulations are used to identify the potential for and create a decarbonisation roadmap. Implementation of the roadmap is carried out using the GEMS digital energy platform to achieve continuous optimisation of the microgrid and all its assets. Fuel conversions, energy storage integration, and adding additional renewables into the system can be part of the roadmap.
“We appreciate that customers around the world are working hard to decarbonise their operations. Decarbonisation Services can help speed this process, while ultimately delivering benefits in cost reductions, increased reliability, optimised efficiency, and realisation of their future vision, which is why we are ramping up our support with this new business model,” explained Wärtsilä energy president and Wärtsilä executive VP Sushil Purohit.
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