The Managing Director of WE Tech Solutions is nominated for the EY Entrepreneur of the Year!

Today we are proud to announce that our Managing Director Mårten Storbacka is nominated for the most prestigious award EY Entrepreneur of the Year 2021! EY Entrepreneur of the Year is the world’s largest entrepreneurial competition. There are only 55 companies out of 300,000 in Finland have been rigorously selected this year. We are glad that our achievement is acknowledged by the industry and society.

WE Tech Solutions Oy has been operating in the international shipping industry for 12 years as a solution provider for next level energy solutions. Design, sales, delivery and after sales services of energy efficient power generation solutions is the business model that made WE Tech the market leader in the industry. The solutions are based on variable frequency drives, variable speed shaft generators, energy storage and energy management systems. Notably, WE Tech was the first to introduce the permanent magnet variable speed shaft generator solution to the industry and thereafter this environmentally friendly solution became the benchmark for others to follow.

WE Tech Solutions was growing rapidly in the past few years. The increase in turnover was 60 % in 2019 and an impressive 158 % in 2020. The current order book together with market outlook promises a continuous strong growth in 2021 and forward.

One of the greatest achievements by WE Tech Solutions until this day is to have led the industry towards a paradigm shift of utilising variable speed shaft generator solutions as the main source of power in the merchant shipping segment. The benefits of increasing energy efficiency and reducing the environmental impact is today main stream in ship design and the whole industry is heading full steam towards a sustainable future.

The finalist will be announced on 4th November 2021 in Helsinki and the winner of the Entrepreneur of the Year will be announced on 21st January 2022 at the Entrepreneur of the Year Gala in Helsinki.

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