Deals Counterparts

Wärtsilä Energy Storage

company 1 Deal 6 Partners

Wärtsilä Energy Storage is a global provider of advanced energy storage systems and software, offering turnkey solutions for utility-scale and grid applications. With over 2.5 GW / 4 GWh of installed capacity across more than 100 projects globally, it focuses on enhancing grid reliability and integrating renewables.

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Founded 1834 17,000 employees Parent: Wärtsilä Corporation
Energy Technology ProviderOEM/EquipmentDeveloperOperator

Strategic Overview

  • Focuses on large-scale, grid-connected battery energy storage systems (BESS) for utilities and independent power producers.
  • Emphasizes its proprietary GEMS energy management software for optimizing asset performance and grid services.
  • Provides complete turnkey solutions, including engineering, procurement, construction (EPC), and long-term service agreements.
  • Actively expanding its global footprint, particularly in key energy transition markets like North America, Australia, and Europe.

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Investment Focus

Technologies
Hybrid1
Geography
Australia1

Key People

Håkan Agnevall
President & CEO, Wärtsilä Corporation
Sushil Purohit
President, Wärtsilä Energy

Track Record

2,500
MW Total
100
Deals Completed
Notable projects: Mortlake Power Station (Australia), Torrens Island Power Station (Australia), Daggett Solar + Storage (USA), Salisbury Plain Energy Storage (UK)

Detailed Analysis

Technologies
Battery StorageGrid ModernizationRenewable Integration
Geographies
USAAustraliaUKFinlandGermanyIrelandPhilippinesBrazilChileDominican Republic
Deal Stage
GreenfieldOperating
Deal Structure
EPCTurnkey SolutionsService Agreements

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