Wärtsilä has signed a Memorandum of Understanding (MoU) with the French multinational energy company ENGIE, to develop solutions and services within the small scale LNG business sector.
The cooperation covers four work streams: LNG for ships, LNG distribution in islands and remote areas, LNG to Power solutions, and small scale LNG and bio liquefaction. Both Wärtsilä and ENGIE are committed to working for a low-carbon economy, and shifting the focus towards LNG-solutions is seen as being an important step in this direction.
Through this partnership, the two companies will share Wärtsilä's technical expertise and Engineering, Procurement and Construction (EPC) capabilities, along with ENGIE's technical expertise, and experience in natural gas distribution and commercialization. Operation and maintenance services will also be offered.
"ENGIE has taken key positions in the small scale LNG market. This agreement with Wärtsilä will help develop innovative small scale LNG solutions with quicker implementation time and enhanced competitiveness," says Jean-Marc Leroy, ENGIE's Managing Director Gas Chain.
"We are excited to be working with ENGIE and developing together more sustainable energy solutions for our customers and society as a whole. This cooperation is an important step towards Wärtsilä's goal of growing our presence in the small to medium scale LNG terminal business," says Alexandre Eykerman, Vice President for LNG Solutions at Wärtsilä.
Wärtsilä is currently the EPC contractor for an onshore small scale LNG terminal in Finland, and has successfully delivered several small scale power barges and a biogas liquefaction plant. ENGIE is one of the pioneers in the development of small scale LNG markets and innovative solutions. This includes small liquefaction plants, LNG truck loading, LNG bunkering, LNG fuelling stations, LNG for power applications, and supplying LNG to remote customers.
This MoU is a strong incentive to co-develop technical solutions that would enable both Wärtsilä and ENGIE to expand their small scale LNG businesses.
About Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global supplier of ultra-flexible power plants of up to 600 MW operating on various gaseous and liquid fuels. Our portfolio includes unique solutions for baseload, peaking, reserve and load-following power generation, as well as for balancing intermittent renewable energy. Wärtsilä Energy Solutions also provides utility-scale solar PV power plants, as well as LNG terminals and distribution systems. As of 2016, Wärtsilä has 60 GW of installed power plant capacity in 176 countries around the world. For more information, visit www.smartpowergeneration.com.
About 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 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.