Wärtsilä Corporation, Trade press release, 19 July 2016 at 14.00 EET
Wärtsilä today announced that it has entered into a cooperation agreement with U.S. -based Greensmith Energy, the aim of which is to further strengthen its energy system integration capabilities. Greensmith Energy, a leading provider of energy storage software and integration services, will provide the full optimization software needed for hybrid energy systems.
Through this partnership Wärtsilä broadens its portfolio to cover system integration solutions for all sources of energy. The Greensmith Energy GEMS platform is the world’s most widely-deployed and proven energy integration software. With its robust yet flexible feature functionality, GEMS continues to set the standard for grid-scale, behind-the-meter, and micro grid storage control architecture.
“Considering the market trends and our vision of being the best overall energy solutions provider, this partnership is a natural, yet significant step for us in becoming an even more attractive market player”, says Javier Cavada, President, Wärtsilä Energy Solutions.
As a combined solution, Wärtsilä’s Smart Power Generation and solar PV, together with Greensmith’s integration capabilities, will provide sustainable, reliable, and affordable power – particularly in countries and regions with limited or small-scale electricity grids.
“We selected Greensmith Energy as a technology partner because of their extensive industry know-how and expertise in delivering safe and reliable grid-scale system integration solutions”, Cavada explains.
“We are honoured to establish this partnership with a world-class organization like Wärtsilä as we continue to fulfill our vision to deploy the world’s most advanced energy storage solutions to every corner of the world,” says John Jung, President and CEO of Greensmith Energy.
Wärtsilä Energy Solutions
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Wärtsilä in brief:
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasizing sustainable innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2015, Wärtsilä’s net sales totaled 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 OMX Helsinki.
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. The company’s 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.
About Greensmith Energy:
As one of the leading providers of energy storage software and integration services, Greensmith’s mission is to make energy storage a fundamental part of a cleaner, more intelligent, and distributed energy infrastructure. Now in its fifth generation, Greensmith’s GEMS software platform optimizes the performance of energy storage by lowering costs and maximizing system return on investment. In 2014, Greensmith delivered more than one-third of all energy storage capacity installed in the United States, and in 2015 was selected as the fastest growing energy storage company by Inc 5000. GEMS is currently used by more than 20 major customers globally.
Learn more at www.greensmithenergy.com