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Wartsila gets EUR-1m grant to fund Power-to-X research

CO2 emissions Author (freefoto.com) License: All rights reserved.

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)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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