Wärtsilä wins its third consecutive Best Paper Award at Power-Gen Europe

Wärtsilä Corporation, Press release, 11 June 2014 at 10.30 am EET

Wärtsilä received the Best Paper Award in the "Strategy for a Changing Power Sector" category at the Power-Gen Europe 2014 conference in Cologne, Germany last week. The lead author of the article, "Optimal Balancing Products for Cross Border Sharing in Power Systems with High Shares of Renewables", is Wärtsilä's Market Development Director Melle Kruisdijk.

The paper discusses the optimal design of reserve capacity products from both technical and economic perspectives in systems with high shares of wind and solar energy in Europe. Due to increasing intermittent generation, the need for reserve capacity and frequency restoration products increases. The paper shows the system benefits fast-responding reserves can provide, from either spinning or stand-still position. Agile capacity not only secures power supply in systems with high shares of wind and solar but also reduces operational costs. The article is based on a study by DNV GL.

Three other Wärtsilä papers received Highly Commended awards at the conference: "Incentives for Gas-based Cogeneration in Coal-intensive Countries" by lead author Sales Manager Adam Rajewski, "Challenges ahead for Modern CHPs in District Heating Applications" by Sales Director Anders Ahnger and "Grid Connection Verification of Power Generation in a Modern Power System Environment" by General Manager Niklas Wägar.

This year marked the third consecutive Best Paper Award for Wärtsilä at Power-Gen Europe. In 2013, Melle Kruisdijk and General Manager Matti Rautkivi won the award with their article "Future Market Designs for Reliable Electricity Systems in Europe". In 2012, the prize was handed to Niklas Wägar for the article "Smart Power Generation with Flexible Gas Engine Concepts".

"This clearly shows our expertise in power system optimisation. We will continue having a strong focus on both technology research and market analysis," says Jussi Heikkinen, Vice President, Business Development and Marketing at Wärtsilä.

Wärtsilä's highlights in Cologne included the launch of the book "Power Supply Challenges - Solutions for Integrating Renewables". 900 hardcover books, many of them signed by the author Jacob Klimstra, were distributed to visitors to the event.

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Caption: The President of PennWell Corporation, Robert F. Biolchini, handing the Best Paper Award to Market Development Director Melle Kruisdijk of Wärtsilä.

Wärtsilä Power Plants in brief
Wärtsilä Power Plants is a leading global supplier of flexible baseload power plants of up to 600 MW operating on various gaseous and liquid fuels. Our portfolio includes unique solutions for peaking, reserve and load-following power generation, as well as for balancing intermittent power production. Wärtsilä Power Plants also provides LNG terminals and distribution systems. As of 2014, Wärtsilä has 56 GW of installed power plant capacity in 169 countries around the world.

For further information please contact:

Melle Kruisdijk
Market Development Manager
Wärtsilä Power Plants
Tel: +31 6 100 32823
melle.kruisdijk@wartsila.com

Jussi Laitinen
Communications Manager
Wärtsilä Power Plants
Tel: +358 50 4042006
jussi.laitinen_external@wartsila.com

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2013, Wärtsilä's net sales totalled EUR 4.7 billion with approximately 18,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com
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