Wartsila Corp - Company Profile
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Business Description
Wartsila Corp (Wartsila) provides technologies and comprehensive lifecycle solutions to customers in the marine and energy markets. The company focuses on sustainable innovation, providing power, propulsion, and digital solutions to enhance operational efficiency and reduce emissions. Wartsila serves industries such as marine, energy, and energy storage, with a strong emphasis on decarbonization and renewable energy transition.
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R&D Overview
Wartsila is actively engaged in R&D initiatives focused on decarbonizing the marine and energy sectors. The company is investing in the development of core technologies, alternative clean fuels, and digital solutions to enhance connectivity, efficiency, sustainability, and safety. Wartsila is expanding its R&D testing capabilities at the Sustainable Technology Hub in Vaasa, Finland, to support the development of sustainable technologies and fuel applications. The company introduced the next-generation 46TS engine and a methane slip reduction solution for its dual-fuel engine, as well as a carbon capture solution for the shipping market. The R&D unit of Wartsila is the Sustainable Technology Hub in Vaasa, Finland. This unit is responsible for enhancing the company's capacity to test sustainable fuels and develop sustainable technologies for marine and energy applications. In FY2025, the company spent EUR329 million on R&D, which as a percentage of revenue stood at 4.7% and grew 11.1% YoY.
Business Segments
Overview
Offers solutions that support the shift to a 100% renewable energy future while keeping power reliable and affordable for homes and industry. Helps customers and the wider power sector speed up decarbonization through market-leading technology and strong power-system expertise. The portfolio includes flexible engine power plants and lifecycle services for installed assets. Delivered 79 GW in 180 countries, with over 30% of the operating base under service agreements.
Performance
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Overview
Provides large-scale energy storage solutions that promote grid innovation and facilitate a decarbonized energy future. Integrates cutting-edge battery technology with intelligent controls and optimization software to enhance grid stability, offer flexibility, and boost operational efficiency. Comprehensive lifecycle services assist customers in managing performance, safety, and long-term value throughout the entire project lifecycle. Operates across more than 130 sites globally, providing proven scale, safety, and reliability.
Performance
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Overview
Includes seven business units: Power Supply, Propulsion, Parts and Field Service, Performance Services, Voyage Services, Project Services and Shaft Line Solutions. Offers engines, generating sets, gearboxes, propulsion equipment, as well as LNG fuel handling, power management, and NOx reduction technologies.
Performance
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Overview
Includes Automation, Gas Solutions, Marine Electrical Systems and Water & Waste, Navigation and Control Systems (ANCS), and Gas Solutions.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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