Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Investor Presentation (June 2021)
27 slides from Wartsila Oyj Abp's investor presentation, Jun 14, 2021
Slide 1: Wärtsilä Energy storage
Wärtsilä Energy storage June 2021 • 1 © Wärtsilä PUBL I C 14.6.2021
Slide 2: Agenda
Energy market trends Energy storage market Agenda Wärtsilä Energy role & position Wärtsilä Energy storage Project references 2 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 3: Energy market trends: what's driving the energy storage growth?
Energy market trends: what’s driving the energy storage growth? 3 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 4: Price alone will turn most of the world to renewable energy
PRICE ALONE WILL TURN MOST OF THE WORLD TO RENEWABLE ENERGY. The transition has been extremely fast and is only accelerating MOST COMPETITIVE SOURCE OF NEW BULK MOST COMPETITIVE SOURCE OF NEW BULK GENERATION IN 2014 GENERATION IN 1H 2020 Source: BloombergNEF, Note: Reflective of the cheapest benchma
Slide 5: In 2020, renewable energy projects captured nearly 50% of all new generation built
In 2020, renewable energy projects captured nearly 50% of all new generation built. By 2030, analysts estimate that to rise to 67%. Capacity mix 2019 (7.4 TW) Annual gross capacity additions 2020–2050 (GW) Capacity mix 2050 (20.4 TW) New New 800 technologies technologies 20% 65% 700 4% 600 6% 7% 4%
Slide 6: Flexibility is needed to balance intermittent renewables
Flexibility is needed to balance intermittent renewables Energy storage and Peaker gas CAGR ~30% in the next decade ANNUAL FLEXIBLE CAPACITY ADDITIONS 2020–2050 (GW) GW 180 160 140 120 100 80 60 40 20 0 2020 2025 2030 2035 2040 2045 2050 6 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 7: The 100% renewable energy system requires multiple forms of flexibility
The 100% renewable energy system requires multiple forms of flexibility SEASONAL WEEKLY Fuel as a form of energy storage DAILY to balance seasonal variation Longer duration energy balance • ”Shift” solar energy from summer and system reliability is ensured Daily variations in generation are to winte
Slide 8: Global decarbonization agenda accelerates need for renewables and flexibility
Global decarbonization agenda accelerates need for renewables and flexibility To achieve set climate targets the energy system needs to be decarbonised and transform to a renewable based system Renewables already today provide the lowest cost bulk generation in 70% of the world and in 2030 in 100% S
Slide 9: Energy storage market
Energy storage market 9 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 10: Industry drivers forming tailwinds for energy storage
Industry drivers forming tailwinds for energy storage Dramatic drop in price makes storage competitive with conventional solutions. Current pricing is supporting accelerated growth both among transportation sector and stationary storage 10 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 11: Customer, use cases & offering
Customer, use cases & offering Where energy storage fits in the energy system: Customer types UTILITIES COMMERCIAL USERS (Including government INDEPENDENT SYSTEM OPERATORS (ISOs) INDEPENDENT POWER PRODUCERS (IPPs) 11 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 12: Wärtsilä Energy role & position
Wärtsilä Energy role & position 12 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 13: Wärtsilä Energy leads the transition towards a decarbonised and 100% renewable energy future
Wärtsilä Energy leads the transition towards a decarbonised and 100% renewable energy future. We help our customers in the transition by developing market-leading technologies, from future-fuel enabled flexible power plants and hybrid solutions to energy storage and optimisation technology, includin
Slide 14: Our global presence
OUR GLOBAL PRESENCE 62% 22% Europe Asia 11% 5% Americas Other Offices and workshops Production Headquarters 14 © Wärtsilä PUBL I C
Slide 15: Major breakthrough in energy storage market in 2019 - geared up for future growth
Major breakthrough in energy storage market in 2019 - geared up for future growth Order intake MWh Energy storage market is growing fast and 900 Wärtsilä is well-positioned in the market 800 700 • 10+ years of grid-scale energy storage leadership 600 • Leading energy management software (GEMS Soluti
Slide 16: Over 1.5+ GW in operation, deployed or contracted
Over 1.5+ GW in operation, deployed or contracted Highlighted experience in: grid-scale energy storage Australasia Area Contracted or deployed: ~400 MW Southeast Asia: grid stability and peaking Singapore: grid reliability, renewable integration; 2020 16 © Wärtsilä PUBL I C
Slide 17: Wärtsilä energy storage
Wärtsilä energy storage 17 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 18: Wärtsilä's energy storage expertise
Wärtsilä’s energy storage expertise: Full EPC Capability GEMS Software Operation & Optimisation Proven global energy • Storage an integral part • Leading energy Maintenance of technology mix industry expertise of emerging infrastructure management software based in region for best TCO • Clean safety
Slide 19: Wärtsilä Gridsolv Quantum
Wärtsilä Gridsolv Quantum Flexible design, speed of delivery, optimised energy Flexible design Speed of delivery Ease of deployment Optimised for use-case High availability Safety 19 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 20: GEMS Digital Energy Platform
GEMS Digital Energy Platform What is GEMS? Fleet Director Optimised Flexible A suite of proprietary software Generation Power Plant products developed for building, Controller monitoring and intelligently Grid Controller operating power plants and IntelliBidder energy resources Analyzer GEMS Solutio
Slide 21: Energy storage market positioning
Energy storage market positioning Connecting energy assets to energy markets Energy storage is central to renewable energy transition by providing flexibility solutions and GEMS digital energy platform which connect energy assets to energy markets in technically and economically optimised manner Sol
Slide 22: Energy storage projects
Energy storage projects 22 © Wärtsilä C O NI CF I D E N T I A L PUBL
Slide 23: Performance optimisation and increased value streams in CAISO
CALIFORNIA, USA Performance optimisation and increased value streams in CAISO GEMS integrates existing wind while simultaneously optimising multiple generation assets The system provides ancillary services and facilitates energy arbitrage; purchasing electricity from the market when prices are low a
Slide 24: Grid control, integration and optimisation
GRACIOLICA LDA, AZORES (PORTUGAL) Grid control, integration and optimisation Boosts renewable energy consumption Eliminates the dependency on 17,000 liters of diesel per month Delivers both economic and environmental benefits Dispatch optimisation, solving unit commitment Tertiary control, secondary
Slide 25: Microgrid control at a remote off-grid African mine
FEKOLA MINE, MALI Microgrid control at a remote off-grid African mine GEMS to optimise energy production at a fuel-dependent, energy-intensive operational mining facility Short payback period with long-term savings Maximised asset efficiency and hybrid system optimisation for improved power reliabil
Slide 26: Grid-balancing services for clean, smart and flexible power
PIVOT POWER, UK Grid-balancing services for clean, smart and flexible power The projects will provide Cowley, Oxford Kemsley, Kent balancing services for the UK grid, including frequency response, electricity market trading and reactive power services Two 50 MW / 50 MWh Transmission-connected The pr
Slide 27: game-changing storage.wartsila.com
Introduce disruptive, game-changing software products and technologies to the storage.wartsila.com global power industry 27 © Wärtsilä EXTERNAL Energy Storage and Optimisation