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This Week In Energy Transition - Wärtsilä Unveils Engine Boosting Renewable Energy Integration
Reviewed by Simply Wall St
Wärtsilä has unveiled its next-generation 46TS engine, aimed at enhancing the integration of renewable energy sources by delivering efficient baseload power and capacity for sustainable fuels. This engine is designed as a flexible solution to support renewable sources like wind and solar, offsetting their intermittent generation. It offers over 51% engine efficiency, reduced emissions, and can quickly ramp up to full power within two minutes. Wärtsilä stresses the importance of such balancing engines in achieving a net zero power system, as highlighted in their report, "Crossroads to Net Zero". The 46TS engine will be available from 2025, with its first order placed for a hybrid power project in Kazakhstan, integrating with wind and solar power systems.
In other trading, Hanwha Aerospace (KOSE:A012450) was a notable mover up 19.9% and ending the day at ₩495,000. Meanwhile, InnoScience (Suzhou) Technology Holding (SEHK:2577) softened, down 8.7% to end the day at HK$43.85.
Best Energy Transition Stocks
- Applied Materials (NasdaqGS:AMAT) ended the day at $183.66 up 2%.
- Vistra (NYSE:VST) closed at $168.39 up 0.9%.
- Tesla (NasdaqGS:TSLA) settled at $350.73 down 3%.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:TSLA
Tesla
Designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Flawless balance sheet with reasonable growth potential.
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