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Wartsila
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Provides complete lifecycle power solutions for the marine and energy markets

Founded in 1834
Founded in

Company type Public Public (WRTBV)
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TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Finland Helsinki, Finland
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Parent Companies Wartsila

Updated by Hattie Partner at on 04/14/2025

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  • 1 M&A items
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Date Company
08/09/2021

AGL Energy AGL Energy

Wartsila will supply a battery energy storage system for AGL's 250MW project in South Australia. The battery system is expected to become operational in early 2023.

Confirmed by AGL Energy

Partnerships
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Date Partner Type
12/20/2022
Hycamite TCD Technologies Hycamite TCD Technologies
The two companies will work together to enable cost-effective production of hydrogen from LNG onboard marine vessels
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Confirmed by Hycamite TCD Technologies
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IPO INFORMATION

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WRTBV

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Date Investors Type Amount
04/13/2023 Government of Norway Government of Norway (1)
Post-money valuation of
The funding will allow for the development of ammonia as a hydrogen carrier for the energy market, amounting to around 50% of the total budget of the project under Norway’s Green Platform programme.
Project Finance $6,200,000
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