Finland's Wartsila Focusing Hard on Innovation

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Tomi Parkkonen

Finland’s Wartsila has seen a few transitions in its 189-year history. Starting out with a sawmill and ironworks in what was then the Russian-controlled Duchy of Finland, Wartsila today is a €6 billion ($6 billion) company with 17,000 plus employees providing a wide range of power sources and other equipment to the energy and marine sectors. And now the company is “very much on a decarbonization journey,” with an intensive ongoing research and development program to evolve toward the use of zero-carbon fuels like ammonia and hydrogen, CEO Hakan Agnevall told Energy Intelligence in a recent interview. To “sum up the strategy for Wartsila going forward in one word, it is about decarbonization.”

Hydrogen, Renewable Electricity , Low-Carbon Policy
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