The technology group Wärtsilä has been named by TIME as one of the 100 most influential companies in the world. The TIME100 Most Influential Companies list highlights companies making an extraordinary impact around the world.

We have been recognised by TIME for the continuous pursuit and focus on innovation and for shaping the decarbonisation of the energy and marine sectors. We are leading the transition towards a 100% renewable energy future through innovative technologies and lifecycle solutions for the energy market. Furthermore, we are working with an eco-system approach, nurturing existing and new partnerships globally. And finally, we have been recognized for the achievements of Wärtsilä’s Energy Storage & Optimisation business unit, which is responsible for integrating end-to-end grid solutions that build resilient and intelligent energy infrastructure.

Wärtsilä’s global portfolio of energy storage capacity exceeds six gigawatt-hours across more than 110 projects in six continents, ranging from the largest and most complex grids to the most remote and essential islanded systems.

Håkan Agnevall, President & CEO, Wärtsilä, said: “We focus on shaping a decarbonised future for the energy and marine sectors and playing a leading role in the transition. Our persistent focus on innovation in technology and services by our thousands of staff around the world has been recognised by TIME. We have high ambitions, bringing some of the major solutions for a decarbonized world to the market and we will continue to invest in leading the world in engine technology, energy storage and optimisation as well as lifecycle solutions to accelerate change and create a better future for generations to come.”

Founded in 1834, Wärtsilä has a proud history of innovation and is a world-leader in the development of engine technology for the energy and marine sectors. These engines, combined with energy storage and optimisation, are the backbone for the renewable energy transition – providing the flexibility needed to support intermittent wind and solar power. Wärtsilä is also pioneering the development of grid balancing engines capable of running on sustainable fuels, to create 100% renewable energy systems.

Anders Lindberg, President, Wärtsilä Energy and EVP, Wärtsilä, said: “As a business we have been innovating for almost 190 years but never has our work been more important than in today’s energy transition. This achievement is a testament to Wärtsilä’s longstanding work in innovative technologies and solutions. It is equally a reflection of the combined expertise, passion and dedication exemplified by our talented employees working together with our customers and partners worldwide.”

Wärtsilä expanded its offering into energy storage in 2017 and is now one of the top three providers of energy storage globally.

“Energy storage is a crucial component of our vision for a 100% renewable grid,” said Andrew Tang, Vice President of Energy Storage & Optimisation. “Wärtsilä’s market-leading energy storage technologies help energy operators accelerate decarbonisation with unsurpassed reliability, flexibility, and safety. Since its formation Wärtsilä Energy Storage & Optimisation has achieved a 1,400% increase in project capacity and is now one of the leading energy storage integrators in the world.”

To assemble the list, TIME solicited nominations from its global network of contributors and correspondents as well as from outside experts. Then TIME editors evaluated each on key factors, including impact, innovation, ambition, and success. The result is a diverse group of 100 businesses helping chart an essential path forward.