Ørsted, headquartered in Fredericia, Denmark, is a global leader in renewable energy and one of the most sustainable energy companies in the world. Originally established as an oil and gas company, Ørsted has undergone a remarkable transformation, becoming a pioneer in offshore wind energy. With a market capitalization of over $50 billion (2025), Ørsted plays a crucial role in driving the global transition to green energy.
History and Milestones
Founded in 1972 as Dansk Olie og Naturgas (DONG), Ørsted focused on fossil fuels for decades before pivoting toward renewable energy. Its rebranding to Ørsted in 2017 marked a commitment to sustainability and honoring the legacy of Hans Christian Ørsted, the Danish scientist who discovered electromagnetism.
Key milestones include:
1991: Involved in constructing Vindeby, the world’s first offshore wind farm.
2006: Began its transition to renewable energy, divesting from oil and gas.
2012: Developed Anholt Offshore Wind Farm, one of the largest in the world.
2020: Achieved the title of the world’s most sustainable energy company (Corporate Knights).
2023: Announced plans to build the world’s largest green hydrogen facility for industrial use.
Products and Services
Ørsted specializes in:
Offshore wind farms: Building and operating offshore wind projects worldwide.
Onshore renewables: Solar farms and onshore wind projects.
Energy storage: Solutions to stabilize renewable energy supply.
Green hydrogen: Developing technologies to decarbonize industries.
Business Model
Ørsted’s business model is centered on sustainability, innovation, and scalability:
Renewables-focused: 90% of revenue comes from green energy solutions.
Global operations: Projects across Europe, North America, and Asia-Pacific.
Partnerships: Collaborates with governments and industries to accelerate the energy transition.
Impact on the Nordics and Global Markets
Ørsted is a driving force in Denmark’s green energy leadership and a global renewable energy pioneer:
Economic impact: A key contributor to Denmark’s economy and green job creation.
Global leadership: Providing clean energy solutions to millions of homes and businesses worldwide.
Decarbonization: Playing a significant role in reducing carbon emissions globally.
Sustainability Initiatives
Sustainability is at the heart of Ørsted’s operations:
Carbon neutrality: Achieved carbon neutrality in its energy generation and operations by 2020.
Biodiversity focus: Ensuring offshore projects have minimal environmental impact.
Energy transition: Actively replacing coal and gas with renewable energy sources.
Ørsted represents Denmark’s commitment to sustainability and innovation. By leading the global transition to renewable energy, Ørsted not only strengthens its position as an industry leader but also contributes significantly to combating climate change and ensuring a greener future.
Read more on Ørsted.com
