Wärtsilä Introduces Performance Guarantee For Self-Operating Energy Customers

Wärtsilä broadens its Lifecycle solutions offering by introducing the Wärtsilä Guaranteed asset performance solution for power plant operators. Guaranteed asset performance is a new solution where Wärtsilä guarantees the reliability and availability of the power plant with fixed cost while the customer operates the power plant. Earlier this year, a similar performance guarantee was introduced to marine and offshore customers.

With the new Guaranteed asset performance solution, Wärtsilä guarantees the reliability and availability of the power plant. In practice, this means that performance targets and KPIs are determined together with the customer based on measurement data, and Wärtsilä guarantees that these targets are reached and the achieved levels maintained. Measurable indicators can include, for example, availability, reliability and fuel consumption.

An onsite support engineer, use of online data and remote monitoring service enable efficient support and immediate response from Wärtsilä's experts to ensure the safe and optimised operation of the power plant. Wärtsilä offers tools for monitoring and optimisation of the assets based on data as well as follow-up of the agreed performance targets.

"Based on our experience in operating and maintaining hundreds of power plants all over the world, we can offer our customers unique know-how and the support of Wärtsilä's operational and technical expertise. This, combined with the advanced data and analytics of Wärtsilä Genius services, enables comprehensive optimisation of our customers' assets and allows us to guarantee their performance. What we can measure, we can optimise and guarantee," says Kim Lindqvist, Manager, Solutions Development, Wärtsilä Services.

Long-term partnership tailored to customer needs
Wärtsilä Lifecycle solutions are tailored long-term partnerships, allowing customers to maximise uptime and optimise the efficiency and performance of their assets throughout the whole lifecycle. The Wärtsilä Lifecycle solutions offering answers the customers' various needs from basic maintenance to guaranteeing the reliability and availability of their power plant, at fixed cost.

"It is important to remember that customers' needs vary over the lifecycle of their power plant. With thenew Wärtsilä Lifecycle solutions offering, we can better answer our customers' needs in each phase. Maintenance management support, including remote support and condition monitoring services, is a critical factor in helping customers optimise their operations," Lindqvist continues.

About Wärtsilä Services
Wärtsilä Services creates lifecycle services for its customers, enhancing their business - whenever, wherever. We provide industry's broadest range of services for both shipping and power generation. Our solutions range from spare parts and basic support to ensuring maximised lifetime, increased efficiency and guaranteed performance of customer's equipment or installation - in a safe, reliable, and environmentally sustainable way.

About Wärtsilä
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 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki. For more information, visit www.wartsila.com.