Finnish technology group Wartsila has entered the energy storage market with the launch of several new solutions.

Wartsila says the hybrid power plant and energy storage solutions will utilize storage technology alongside traditional engine-based power generation. The company is also offering stand-alone storage solutions. 

Today’s launch comes on the back of Wartsila’s entry into the solar PV business last year with its solar PV plants and engines+solar PV hybrid plants.

“The energy storage market is being created as we speak and gaining momentum,” it said. “Today, large markets exist for stand-alone energy storage, for example in the US, UK and central Europe. Hybrid solutions including energy storage are increasingly becoming financially attractive, for example in areas where fuel prices are high and the penetration of renewable power sources is significant.”

Javier Cavada, President of Wartsila Energy Solutions, added: “We are very excited to introduce these new solutions to our customers. Adding energy storage technology to our existing engine based power plants enables our customers to have instant power while saving fuel, maintenance costs and reducing emissions.”

The storage solutions have been enabled by Wartsila’s co-operation with Greensmith, a leading provider of EMS software which makes GEMS, a widely-deployed storage software solution.

Wartsila said that by using GEMS, “hybrid power plants run in an optimal way at all times ensuring ideal utilization of both the engines and the energy storage solution”.

“With a world-class EMS software platform we solidify our systems integration capabilities” added Cavada. He said the new solutions provide optimized spinning reserve, fuel savings, O&M optimization, regulation compliance and reduced emissions.

Risto Paldanius, director of Energy Storage at Wärtsilä Energy Solutions, said: “With these new solutions, Wartsila does not only enter the energy storage market but also becomes a systems integrator as we are able to optimize the usage of our hybrid power plants with EMS software.”