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The CEO of Wärtsilä, Håkan Agnevall, said data centers are one of several drivers behind structural growth in electricity demand, alongside electrification of industry and transportation, cooling and heating
In sum – what to know
Data-center demand — Wärtsilä continues to see strong global demand from data centers, with a dynamic pipeline of opportunities and demand extending into 2030 and beyond.
Capacity tightens — The company says it is effectively sold out, with new customers being offered delivery dates in the 2030s as it ramps capacity.
Pipeline remains active — Wärtsilä reported no major impact from public opposition or tighter regulation so far, saying its data-center pipeline remains very active.
Wärtsilä continues to see strong global demand for power equipment from data centers, but its ability to accept new orders is increasingly constrained by capacity and delivery times.
“We, as Wärtsilä, we continue to see a strong demand from data centers globally with a dynamic pipeline of opportunities,” CEO Håkan Agnevall said during the company’s Q3 2026 results call.
Agnevall said data centers are one of several drivers behind structural growth in electricity demand, alongside electrification of industry and transportation, cooling and heating. “It’s not only data centers that are driving this growth,” he said.
On the Energy side, order intake increased 121% in Q3, while net sales rose 52%. Wärtsilä said equipment order intake was supported by strong demand from both data centers and balancing applications.
The company is now building an Energy order backlog that extends further into the future. Asked whether capacity constraints could limit future order intake, Agnevall said Wärtsilä had sold forward significantly during the year.
“We are building our order backlog that stretches further and further out in time, and we have sold forward now quite a lot during this year,” he said.
“Then in parallel, we are ramping up our capacity, but we have basically sold out. If you are a new customer that comes to Wärtsilä today and asking for when we can deliver, we are into the 2030s,” he added.
Wärtsilä has already announced capacity expansion steps for the beginning of 2028 and 2029, with Agnevall saying the company will continue to reassess market conditions and could expand further.
On its data-center customer base, Agnevall said the company’s orders were going to hyperscalers, while declining to identify individual customers because of industry confidentiality. He said Wärtsilä had been working with established players that have been in the data-center industry for decades.
Wärtsilä also said it has not yet seen a material slowdown from public opposition or tighter regulation around data-center power demand.
“So if we talk about the order backlog and the orders that we are executing, so far, no delays or impact, clearly,” Agnevall said. He added that the company was seeing positive feedback from customers and that there had been “no major negative impact so far.”
