Wartsila Oyj Abp

Country
Finland
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
17,553
Ticker
WRT1V
Exchange
NASDAQ HELSINKI LTD
Description
Wärtsilä Oyj Abp is a Finnish industrial group specializing in advanced technologies and complete lifecycle solutions for the marine and energy markets. Founded in 1834 and headquartered in Helsinki, ...

Wartsila Oyj Abp Energy Data Preview

In 2023, Wartsila Oyj Abp disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Wartsila Oyj Abp also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, Wartsila Oyj Abp also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Wartsila Oyj Abp also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Wartsila Oyj Abp's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Energy Sold
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Electricity Consumed
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Insights into Wartsila Oyj Abp's Energy Renewability

In 2023, Wartsila Oyj Abp consumed a total of 977,144.4 Gigajoules of energy across its operations. Of this total, 19.98% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 80.02% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

Wartsila Oyj Abp's Energy Renewability Rate

20%

How much of Wartsila Oyj Abp's energy consumed is renewable?

In 2023, Wartsila Oyj Abp consumed a total of 977,144.4 Gigajoules of energy, of which 19.98% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Wartsila Oyj Abp has considerable room to improve its energy sustainability strategy.

Are Wartsila Oyj Abp's energy practices becoming more sustainable?

Since 2019, Wartsila Oyj Abp's total energy consumption decreased by 30.4%, including a further 16.62% drop in 2023, highlighting a continued decline in energy use.

Over the same period, the share of renewable energy in Wartsila Oyj Abp's consumption increased by 170.18%, showing a recent positive trend in clean energy adoption.

Wartsila Oyj Abp's Renewable vs Non-renewable Energy Over Time

1.48 M732.02 k17.98 k1.48 MGigajoules (GJ)2019202020212022202321%92%79%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Wartsila Oyj Abp's Energy Consumption & Production Mix

In 2023, Wartsila Oyj Abp disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Wartsila Oyj Abp's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Wartsila Oyj Abp's Energy Consumed by Sources and Technologies

Natural Gas(32.5%)Electricity(Unspecified Source)(29.9%)Light Fuel Oil(22.0%)

What are the main sources and generation technologies behind Wartsila Oyj Abp's energy consumption?

In 2023, Wartsila Oyj Abp's total energy consumption was primarily sourced from

  • Natural Gas (32.54%)
  • Electricity (Unspecified Source) (29.85%)
  • Light Fuel Oil (22.05%)

How diverse is Wartsila Oyj Abp’s energy consumption mix?

In 2023, Wartsila Oyj Abp consumed energy from 9 different sources or generation technologies, indicating a well-diversified energy mix without excessive reliance on a single input.

Insights into Wartsila Oyj Abp's Energy Inflows & Self-Sufficiency

In 2023, Wartsila Oyj Abp reported total energy inflows of 289,695.6 Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 181,958.4 Gigajoules purchased from external suppliers and 107,737.2 Gigajoules generated through internal production. This corresponds to a production share of 37.19%, reflecting a 836.31% percentage point increase from the previous year (2022) and a 1,929.1% percentage point increase since 2019.

These consistent increases, both year-over-year and over the longer term, suggest that Wartsila Oyj Abp is actively strengthening its energy autonomy. The company appears to be making deliberate, sustained investments in internal energy production, possibly to improve energy security, reduce reliance on volatile external markets, or support broader sustainability goals.

Wartsila Oyj Abp's Energy Purchased vs Produced Over Time

201920202021202220230200 k400 k600 k800 kGigajoules (GJ)18%20%26%29%37%82%80%74%71%63%
  • Total Energy Produced
  • Total Energy Purchased
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