Power to Shape the Future

Today, two major challenges top the economic, social and environmental agenda of the world. On the one hand we have to produce enough electricity to improve the living standards of a growing population. On the other hand, we must curb climate change. The power sector has a key role to play in this, while facing the additional challenge of limited fossil fuel reserves.

According to the Intergovernmental Panel on Climate Change, the necessary energy infrastructure investments exceed USD 20.0 trillion by 2030. According to estimations from the International Energy Agency, the investments will exceed USD 26.3 trillion. Of this amount, the power sector represents USD 13.6 trillion, of which power generation accounts for half, with transmission and distribution making up the other half.

These issues are more than relevant for Wärtsilä. As a provider of complete lifecycle power solutions for our customers we need to make the right decisions regarding long-term product development in order to be the preferred partner for future investments. At the same time we must do our share in solving climate and energy challenges.

One method of making sense of a complex and changing environment is creating scenarios. Scenarios are essentially stories describing alternative futures and how they might come about. Our experience at Wärtsilä suggests that our scenarios enhance our strategic decision-making by challenging conventional modes of thinking.

The very nature of scenarios is that of a multi-dimensional discussion. Governments, companies and individual citizens all have the power to make choices that affect our common future. We want to share the outcome of our extensive scenario work with you and invite you to share your views, challenge us and give us feedback.

Ole Johansson
President & CEO
Wärtsilä Corporation


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