What WE Tech does

WE Tech Solutions Oy is a Finland-headquartered (Vaasa) provider of energy efficiency and electrification solutions for the global shipping industry. Founded in 2010, the company designs and delivers an integrated portfolio built on its proprietary WE Drive® variable frequency drive technology, permanent magnet generators, DC-bus power distribution, energy management systems, and integrations with energy storage, shore power, and fuel cells. Its five core solution lines address power take-off (PTO), power take-in (PTI) including Take Me Home and Boost modes, DC-link power distribution, and full hybrid electric propulsion across bulk carriers, container vessels, tankers, RoPax, RoRo, LNG and LPG carriers, PCTCs, special vessels, and naval applications.

The company's revenue model combines hardware sales of shaft generator systems and DC-bus equipment with engineering and project delivery services and a recurring after-sales / service stream covering maintenance, spare parts, upgrades, and training under frame agreements. Go-to-market is anchored by enterprise field sales from Vaasa supplemented by wholly-owned subsidiaries in Oslo (Norway), Shanghai (China, established July 2025), and Kobe (Japan, established autumn 2025), plus an extensive partner network that includes Mitsui & Co. as channel partner in Japan and Marine Hybrid Solutions as a strategic delivery partner in the Nordics. Solutions have been applied on approximately 270 vessels globally (approaching 300), with over 40 installations in Japan and named customers across Maersk, Stena, Knutsen OAS, Klaveness, UECC, Wallenius, Hyundai LNG Shipping, and the Finnish Defence Forces.

WE Tech is privately held with no disclosed institutional investors or funding rounds; it carries ISO 9001, ISO 14001, and ISO 45001 certifications. Recent strategic moves in 2025-2026 include two international subsidiary openings and three significant partnerships (Everllence PrimeServ Omnicare for retrofit decarbonisation, Marine Hybrid Solutions for hybrid-electric delivery in the Nordics, and NAPA / Klaveness for validated performance benchmarking), pointing to an active expansion into retrofit, digital, and channel-driven growth.

Name

WE Tech

Legal name

WE Tech Solutions Oy

Website

https://wetech.fi

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

WE Tech Solutions is a Finnish provider of energy efficiency and electrification solutions for the global shipping industry, designing variable frequency drives, permanent magnet generators, and DC-bus power distribution systems for shipowners, shipyards, and naval operators across newbuild and retrofit segments.

Ownership category

akta.pro rank

Product category

Marine Energy Efficiency Solutions

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Mechanical Power Transmission Equipment Manufacturing (333613), Relay and Industrial Control Manufacturing (335314)

SIC

Engines & Turbines (3510), Switchgear & Switchboard Apparatus (3613), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Propulsion Control, Monitoring & Automation (ECS, PMS interface) (IMAJAHAH)

akta.pro secondary industry

Industrial Electrification of Drives & Equipment (Motors, VFDs, Compressed Air, Pumps) (EUABAJAE)

Keywords

• Marine energy efficiency
• Shaft generator solutions
• Variable frequency drives
• Hybrid electric propulsion
• DC-bus power distribution

Headquarters

HQ city

Vaasa

HQ country

Finland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Marine Energy Systems (Hardware): Sale of energy efficiency systems including shaft generators, variable frequency drives, DC-bus power distribution equipment, and energy storage solutions for newbuild and retrofit marine applications.
2. Engineering and Project Management: Domain expertise for propulsion machinery and electrical system efficiency analysis, sales engineering, project management and delivery of energy-efficient solutions for newbuild vessels.
3. Service and After-sales: Maintenance, troubleshooting, spare parts, technical assistance, updates, upgrades, and training services. Includes subscription options and frame agreements for ongoing support.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

WE Tech Solutions provides energy efficiency solutions for the global shipping industry, built on variable frequency drives (WE Drive®), permanent magnet generator technology, DC-bus power distribution, and energy management systems. The company offers five main solution lines (PTO Shaft Generator, PTI Take Me Home, PTI Boost Mode, DC-Bus Power Distribution, and Hybrid Electric Propulsion) plus retrofit services, designed for both newbuild and existing vessels to reduce fuel consumption, lower emissions, and enable compliance with IMO EEDI, EEXI, and CII regulations.

Product overview

WE Tech Solutions is an energy solution provider for the global shipping industry offering an integrated portfolio of five main solution lines built on variable frequency drives (WE Drive), permanent magnet generator technology, DC-bus power distribution, and energy management systems. Solution One (PTO Shaft Generator) provides power take-out for fuel savings; Solution Two (PTI Take Me Home) enables auxiliary propulsion for safe return; Solution Three (PTI Boost Mode) boosts main engine performance; Solution Four (DC-Bus Power Distribution) efficiently distributes power to heavy consumers via DC-link; and Solution Five (Hybrid Electric Propulsion) delivers ship-wide DC-bus distribution with variable speed shaft and auxiliary generators. Supporting technologies include permanent magnet generators, energy storage systems, energy management systems, shore power solutions, and fuel cell solutions. The company serves diverse vessel types including bulk carriers, container vessels, tankers, ROPAX, RORO, gas carriers, navy vessels, PCTC, and special vessels. Their solutions have been installed on over 270 vessels globally.

Differentiator

Problem solved

Functional benefit

Brands

• WE Drive®: Variable frequency drive technology - a compact, robust modular design widely applied in generator/motor systems with power ratings from 0.5 MW to 6 MW for low voltage applications.
• Miira Cloud and Miira Onboard

Products and services

• Solution One - PTO Shaft Generator

Quantifiable outcome

• Annual fuel savings of approximately USD 715,000 for LNG carriers (based on fuel price of USD 450/tonne)
• +5 more outcomes

Named customers24 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Everllence PrimeServ OmnicarecoreStrategic or Co-development Partner · 18 June 2026MoU signed June 2026 to explore strategic cooperation in delivering decarbonisation and energy efficiency solutions to global marine and energy sectors. Combines WE Tech's electrification and hybrid power solutions with Everllence's propulsion, decarbonization solutions, global service network, and lifecycle support capabilities. Focus on retrofit solutions for existing global fleet.
• Marine Hybrid Solutions (MHS)coreStrategic or Co-development Partner · 3 June 2026Strategic partnership operational since August 2025 combining WE Tech's proven WE Drive technology and shaft generator systems (nearly 300 vessels globally) with MHS's primary contractor responsibility, solution integration, and Miira Cloud/Onboard digital platforms. Partnership accelerates hybrid-electric vessel deliveries in Norway and Nordics, offering complete solution from concept through commissioning and aftermarket support.
• Salten ShippingminorStrategic or Co-development Partner · 3 June 2026Customer partnership through MHS collaboration for MS Canoline hybrid-electric installation project, representing tangible results of WE Tech-MHS partnership in Norwegian market.
• NAPAcoreStrategic or Co-development Partner · 26 May 2026Tripartite MoU signed with WE Tech, NAPA, and Klaveness Combination Carriers during joint seminar in Tokyo. Partnership focuses on validating shaft generator solutions using real operational data and supporting informed investment decisions. Combines WE Tech's energy solutions with NAPA's ship-specific performance modelling using physics-based modelling and operational data for independent verification.
• WE Tech Solutions KK (Subsidiary)coreOthers · 1 September 2025WE Tech's Japanese subsidiary established in Kobe for local service activities, customer support, and closer cooperation with Japanese shipyards, owners, and technology partners.
• WE Tech Solutions Co., Ltd. (Subsidiary)coreOthers · 2 July 2025WE Tech's Chinese subsidiary established in Shanghai for sales, project support, and customer communication in China. Enables closer collaboration with local partners, suppliers, and customers.
• Mitsui & Co., Ltd.coreChannel Partner/ Reseller/ Distributor · 26 April 2024Partnership with Japan's largest trading house for delivery of variable speed shaft generators for eight large container vessels built at Japanese shipyards. Mitsui & Co. facilitates contracts between WE Tech and Japanese-controlled shipowners, combining technological expertise with regional market knowledge to support carbon emissions reduction in maritime transport.
• WE Tech Solutions AS (Subsidiary)coreOthersWE Tech's Norwegian subsidiary in Oslo serving Nordic shipping market with local sales and customer support.

Scale indicators4 records

Recent moves8 records

Expansion highlights8 records

Broad incumbents

• ABB Marine & Ports: ABB is a global leader in marine electrification, offering variable frequency drives, Azipod propulsion, and integrated hybrid power systems for ships. It is the most direct broad incumbent competing with WE Tech's WE Drive VFD and DC-bus power distribution solutions across similar vessel segments.
• Wärtsilä: Wärtsilä is a major marine technology provider with hybrid propulsion systems, energy storage, and ship electrification offerings. It competes with WE Tech in hybrid-electric propulsion and shaft line solutions for the same shipping customers, particularly in LNG and RoPax segments.
• Kongsberg Maritime: Kongsberg Maritime provides hybrid electric propulsion, energy management, and vessel automation systems. It is a direct competitor in marine hybrid propulsion and a comparable partner for shipyards and owners adopting integrated DC power architectures.
• Innomotics (Siemens Large Drives): Innomotics, the Siemens large drives business, supplies variable frequency drives and electrical propulsion equipment to marine and industrial markets. Its SINAMICS drives and marine electrical systems compete with WE Tech's WE Drive platform, particularly in larger power ratings.
• GE Vernova Power Conversion: GE Vernova's Power Conversion business provides electric propulsion, drives, and power management systems for naval and commercial marine applications. It competes with WE Tech in integrated marine electrification solutions, especially for high-power vessels and naval contracts.
• Rolls-Royce Power Systems (MTU): MTU/Rolls-Royce Power Systems supplies marine propulsion engines, hybrid systems, and integrated power solutions. It competes with WE Tech in hybrid marine propulsion and is a relevant comparison for newbuild specification decisions in yacht, naval, and commercial segments.

Direct peers

• Danfoss Editron: Danfoss Editron specialises in electric drivetrains, variable frequency drives, and permanent magnet machines for marine and offshore applications. It directly competes with WE Tech's WE Drive and PM generator technologies in hybrid and fully electric vessel architectures.
• Yaskawa Environmental Energy / The Switch: Yaskawa's marine division, originally The Switch, specialises in permanent magnet shaft generators, DC-links, and frequency drives for marine applications. It is the closest direct peer to WE Tech in PM shaft generator technology for bulk carriers, tankers, and gas carriers.
• Schottel: Schottel is a German marine propulsion specialist offering thrusters, hybrid propulsion systems, and electric drives. It is comparable to WE Tech as a niche, technology-led propulsion supplier serving similar shipyards and vessel segments, particularly in specialised and smaller commercial vessels.

Emerging players

• Corvus Energy: Corvus Energy is a leading supplier of marine battery energy storage systems integrated into hybrid-electric vessels. While focused on ESS rather than shaft generators, it is complementary and partially overlapping as WE Tech integrates lithium-ion storage into its DC-bus platform.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wetechsolutions
• Xx.com/creatingsavings

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WE Tech