Wärtsilä introduces performance guarantee for

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Wärtsilä introduces performance guarantee for self-operating energy customers

Wärtsilä Corporation, Trade press release, 16 November 2016 at 1.30 pm EET

Wärtsilä broadens its Lifecycle solutions offering by introducing the Wärtsilä Guaranteed asset performance solution for power plant operators. Guaranteed asset performance is a new solution where Wärtsilä guarantees the reliability and availability of the power plant with fixed cost while the customer operates the power plant. Earlier this year, a similar performance guarantee was introduced to marine and offshore customers.

With the new Guaranteed asset performance solution, Wärtsilä guarantees the reliability and availability of the power plant. In practice, this means that performance targets and KPIs are determined together with the customer based on measurement data, and Wärtsilä guarantees that these targets are reached and the achieved levels maintained. Measurable indicators can include, for example, availability, reliability and fuel consumption.

An onsite support engineer, use of online data and remote monitoring service enable efficient support and immediate response from Wärtsilä's experts to ensure the safe and optimised operation of the power plant. Wärtsilä offers tools for monitoring and optimisation of the assets based on data as well as follow-up of the agreed performance targets.

"Based on our experience in operating and maintaining hundreds of power plants all over the world, we can offer our customers unique know-how and the support of Wärtsilä's operational and technical expertise. This, combined with the advanced data and analytics of Wärtsilä Genius services, enables comprehensive optimisation of our customers' assets and allows us to guarantee their performance. What we can measure, we can optimise and guarantee," says Kim Lindqvist, Manager, Solutions Development, Wärtsilä Services.

Long-term partnership tailored to customer needs

Wärtsilä Lifecycle solutions are tailored long-term partnerships, allowing customers to maximise uptime and optimise the efficiency and performance of their assets throughout the whole lifecycle. The Wärtsilä Lifecycle solutions offering answers the customers' various needs from basic maintenance to guaranteeing the reliability and availability of their power plant, at fixed cost.

"It is important to remember that customers' needs vary over the lifecycle of their power plant. With thenew Wärtsilä Lifecycle solutions offering, we can better answer our customers' needs in each phase. Maintenance management support, including remote support and condition monitoring services, is a critical factor in helping customers optimise their operations," Lindqvist continues.

Read more about long-term partnerships

Link to image Caption: Guaranteed asset performance is a new solution where Wärtsilä guarantees the reliability and availability of the power plant with fixed cost while the customer operates the power plant.

For further information, please contact:

Kim Lindqvist Manager, Solutions development kim.lindqvist@wartsila.com +358 40 766 9436

Hanna Viita Director, Marketing Wärtsilä Services hanna.viita@wartsila.com Tel: +358 40 1671755

Wärtsilä Services in brief Wärtsilä Services creates lifecycle services for its customers, enhancing their business - whenever, wherever. We provide industry's broadest range of services for both shipping and power generation. Our solutions range from spare parts and basic support to ensuring maximised lifetime, increased efficiency and guaranteed performance of customer's equipment or installation - in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki. www.wartsila.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

University of Phoenix Grads Gain High Praise from Managers

Updated Category News Views 63

Forget the stereotypes that tag University of Phoenix as just another factory for diplomas. The latest survey results paint a picture of graduates who seem to be real go-getters in the workplace. We’ve got managers from all over singing the praises of these alums, with a whopping 96% ready to vouch for them stepping into bigger roles. Not just talk, folks, this is their...

Continue Reading
Northern.tech Enhances Product Software Control & Security

Updated Category News Views 24

The Evolution of Product Software Management Over in Palo Alto, Northern.tech has just flipped the switch on something pretty significant—component orchestration in their Mender solution. This isn't just your run-of-the-mill software update. They're talking about managing software across the entire system of a connected product. You know, pulling all the strings at...

Continue Reading
Global Wellness Summit 2026: Unpacking Key Agendas

Updated Category News Views 26

Packed Agenda for the Wellness Enthusiast Well, time flies when you're dissecting the wellness industry from the confines of a plush seat at yet another summit. Gunning for attention this time is the Global Wellness Summit 2026, steered into the scenic alleys of Phuket, Thailand, from November 10 to 13. It’s a gathering built to stretch minds, dissect futures, and toast...

Continue Reading
Seatrium & Karpowership Boost Southeast Asia's Energy Future

Updated Category News Views 0

Anchoring Ambitions: A Fresh Power Pact Seatrium Limited and Karpowership are rolling up their sleeves for a tough yet lucrative mission in Southeast Asia. These two powerhouses are pooling their expertise to beef up the region’s energy supply through floating power solutions and digital infrastructure. You gotta give it to them—they’re not skimping on the ambition....

Continue Reading
Classet and Reelist Revamp Frontline Hiring Methods

Updated Category News Views 0

Social Media's New Role in Hiring Who'd have thought? Scrolling through cat videos now lands you a job interview. The partnership between Classet and Reelist has thrown the hiring game a curveball, offering a seamless ride from a hashtagged post to a phone chat with an AI recruiter named Joy—and all in record time. For those looking to hire frontline or skilled trades...

Continue Reading
Netcapital's 28.62% Plunge: A Fraudulent Drama Unfolds

Updated Category News Views 137

Netcapital: The Plunge Heard 'Round the Market There it is, clear as day—Netcapital’s (NASDAQ: NCPL) stock plummeting 28.62% like a lead balloon. Shareholders had to watch in horror as pieces of their investments seemed to evaporate, all thanks to a swirl of alleged fraud. You can't just shrug off accusations that a company you've betted on has been cooking its books,...

Continue Reading
Latham & Watkins Welcomes Privacy Sledgehammer Macko

Updated Category News Views 195

Privacy Enforcer Lands at Latham & Watkins With regulatory pressure turning up the heat, Latham & Watkins has roped in Michael Macko, a seasoned pro when it comes to privacy enforcement. To give you a peek into his credibility, Macko doesn't just have a foot in the door—he built the doorframe himself over at the California Privacy Protection Agency (CalPrivacy)....

Continue Reading
Sunshine Buns Gains Traction with Target Expansion

Updated Category News Views 5

Frozen cinnamon rolls zapping to perfection in 45 seconds? Someone tell my breakfast table it's about to be revolutionized. Sunshine Buns is taking a giant leap into the spotlight as they hit the shelves of Target stores across the U.S. This isn’t just a nice little upturn—this is a potential game-changer for the frozen pastries aisle. A Sweet Deal Gets Sweeter Now,...

Continue Reading
Infosys Faces EPS Miss, Legal Scrutiny for Investors

Updated Category News Views 79

Infosys' Earnings Struggle When even a penny's worth of expectations falls short, the market isn't going to simply shrug it off. This was the case for Infosys Limited (NYSE: INFY) after they managed to miss analysts' earnings projections by a mere cent. On October 23, 2026, they revealed a second-quarter earnings report showing $0.20 per share, which was a penny below...

Continue Reading
Globe Life Faces 8% Stock Dip Amidst Legal Scrutiny

Updated Category News Views 120

Trouble Brews for Globe Life Investors Brace yourselves, folks. Globe Life Inc. (NYSE: GL) has found itself slap-bang in the middle of a potentially messy legal quagmire. The $7 million in excess Medicare Supplement claims that popped up due to a snail-like processing delay by the Centers for Medicare & Medicaid Services (CMS) have sent investors scrambling. And oh boy,...

Continue Reading

Top 5 Most Recently Viewed Articles

Super Group Achieves Record Financial Growth in Q3 2024

Updated Category News Views 153

Super Group (SGHC) Limited Reports Third Quarter Success Super Group (SGHC) Limited (NYSE: SGHC), the parent company of Betway and Spin, has displayed exceptional financial performance in its latest unaudited consolidated results for the third quarter of 2024. The company reported impressive revenue growth, showcasing the effectiveness of its business strategies in the...

Continue Reading
Source Capital Explores Merger Opportunities with TURN

Updated Category News Views 193

Source Capital Considers Merger with 180 Degree Capital Corp Source Capital (NYSE: SOR), known for its strategic investments and management excellence, is exploring an exciting opportunity for growth through a proposed merger with 180 Degree Capital Corp (NASDAQ: TURN). This potential partnership could lead to significant benefits for both entities. As advisers to Source,...

Continue Reading
51Talk's Innovative AI Boosting Online Learning Experience

Updated Category News Views 179

51Talk's Commitment to AI-Enhanced Learning 51Talk is making significant strides in redefining online education through innovative AI implementations. The company has announced ambitious plans for an upgrade of its AI systems aimed at improving its educational offerings. Introducing Smart Learning System 2.0 This new initiative, known as the "Smart Learning System 2.0,"...

Continue Reading
Understanding Inflation Signals Post-Government Shutdown

Updated Category News Views 112

The Shift in Inflation Data Interpretation The end of the year brought an unexpected twist in economic data that has left many scratching their heads. With the recent government shutdown, the Bureau of Labor Statistics (BLS) faced challenges in collecting and reporting the Consumer Price Index (CPI) data, stirring confusion and uncertainty in the economic landscape....

Continue Reading
Fairfax Financial Makes Generous Donation for Wildfire Relief

Updated Category News Views 172

Fairfax Financial's Commitment to Community Support Fairfax Financial Holdings Limited, widely recognized for its strong presence in the financial sector, has recently taken significant action to aid communities affected by natural disasters. In light of the devastating wildfires impacting Southern California, Fairfax has stepped up by donating US$1 million to the...

Continue Reading