On March 31, 2025, Finnish energy giant Wärtsilä announced the separation of its energy business into two distinct reporting segments: Energy and Energy Storage. This strategic move aims to enhance the company’s competitiveness in the global energy market and accelerate growth in its energy storage solutions.
The energy storage segment will now operate as a standalone entity, focusing on developing advanced storage technologies and integrated solutions for the increasing demand for renewable energy integration. Wärtsilä sees energy storage as a critical component in balancing power grids and supporting the transition to cleaner energy sources.
Alongside the reorganization, Wärtsilä introduced new financial targets:
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For the Marine and Energy segments, the company aims for 5% annual organic growth and a 14% operating margin.
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For Energy Storage, Wärtsilä targets low double-digit annual organic growth and an operating margin of 3-5%.
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For the Group overall, Wärtsilä set a target of gearing below 0.5 and will distribute at least 50% of earnings as dividends.
This restructuring marks a significant step in Wärtsilä’s continued transformation towards becoming a key player in the global energy transition, particularly in the renewable energy and energy storage sectors.