Technology group Wärtsilä will invest approximately EUR 140 million ($165,4 million) to further expand its production capacity by 35 per cent at its technology centre, Sustainable Technology Hub (STH) in Vaasa, Finland and associated global supply chain.
This
expansion will increase Wärtsilä’s industrial capacity and strengthen the
capacity of the associated global supply chain, positioning Wärtsilä to meet
growing market demand in energy and marine.
The
expanded capacity will enable Wärtsilä to deliver a higher volume of engines,
and better support both customer needs and continued business growth long-term.
The new
production capacity will be installed within the STH facility expansion
announced in April 2025 and is expected to be commissioned in the first quarter
of 2028.
“Global
demand for reliable power is rising sharply as industries electrify, climate
warming is driving needs for cooling, and data centres scale at unprecedented
speed. In regions like North America and Europe, there are needs to renew
ageing power generation infrastructure, while the increasing share of
renewables in the global energy mix accelerates the demand for thermal
balancing power to secure power system stability. Wärtsilä’s flexible and
energy efficient engine technologies are increasingly the trusted choice for
customers when addressing evolving power requirements. In parallel, shipowners
are prioritising fuel flexibility and fuel efficiency to secure long-term
competitiveness and compliance with evolving marine regulation. By expanding
production capacity at the Sustainable Technology Hub and the associated global
supply chain, we are strengthening our operational readiness for further
growth. Additionally, we are reinforcing Wärtsilä’s role as a long-term partner
for customers in both energy and marine, supporting the evolving needs and
advancing the decarbonisation of these industries,” says Wärtsilä President and
CEO Håkan Agnevall.
Key facts
about the Wärtsilä Sustainable Technology Hub (STH):