April 24 (Renewables Now) - Finnish technology group Wartsila Corp (HEL:WRT1V) has received a EUR-1-million (USD 1.07m) government grant to fund research into Power-to-X technologies to promote a carbon-neutral economy.
Business Finland, a Finnish state-run public agency, has granted the funding for the company’s X-Ahead project, which is to focus on developing expertise of both the technical and business potential of Power-to-X.
Power-to-X is a term that encapsulates the process of using renewable power and carbon dioxide (CO2) captured either from air or directly from emissions streams in combination with hydrogen to produce carbon-neutral and renewable synthetic fuels.
As part of the project, Wartsila plans to bring together universities, research industries and small and medium-sized enterprises on a national and global scales. According to the company, “this will result in the development of an effective ecosystem around Power-to-X research, which will be enriched with best global practices to produce meaningful national and international benefits.”
The X-Ahead project will substantially boost the efficiency and feasibility of all processes linked to the development of the Power-to-X technology, according to Tommi Rintamaki, Wartsila Energy Business senior manager.
“It gives us a brilliant opportunity to speed up the move to a 100% renewable energy future,” said Rintamaki.
The project is slated to start this year and last for around two and a half years. It will serve to provide insight into the possibilities related to synthetic fuel production and create new jobs in the field.
(EUR 1.0 = USD 1.07)