Wärtsilä establishes joint venture for Energy Storage
The 50/50 joint venture with RCT Solutions will transfer Energy Storage into Other Business Activities, closing expected Q3 2026, with a 2026 impact of EUR -40 to -50 million.
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Provider of marine and energy technologies and lifecycle solutions
wartsila.comLast updated
In short: Wärtsilä achieved record order intake and financial growth in early 2026, while advancing its divestment strategy and hydrogen engine technology.
The 50/50 joint venture with RCT Solutions will transfer Energy Storage into Other Business Activities, closing expected Q3 2026, with a 2026 impact of EUR -40 to -50 million.
The test supplied power to the Spanish grid, demonstrating hydrogen's viability for grid balancing.
The board includes representatives from major shareholders and the Chairman.
It includes a long-term O&M agreement for the Pecos Power Plant in Texas and involves 24 Wärtsilä 1850SG engines, with commercial operations expected in 2027.
Discusses Joint Venture With RCT Solutions and Discontinuation of Energy Storage Reporting Segment June 15, 2026 7:00 AM...
A large-scale power engine has successfully supplied electricity to Spain’s national grid using 100% pure hydrogen fuel. The trial, conducted by technology group Wärtsilä in...
Helsinki Stock Exchange continues to decline by about 1.2 percent on Wednesday afternoon. Today, new executive appointments have been seen in a few companies. The biggest gainers of the day have been media company Keskisuomalainen with 4.6 percent and...
Wärtsilä Oyj Abp (WRTBY) Shareholder/Analyst Call June 9, 2026 8:00 AM EDTCompany ParticipantsHåkan Agnevall - President, CEO & Member of Management...
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