Orsted history, profile and corporate video
Ørsted A/S, formerly DONG Energy, is a Danish multinational renewable energy company headquartered in Fredericia, Denmark. It was established in 1973 as Dansk Olie & Naturgas A/S (Danish Oil and Natural Gas), also known as DONG, by the Danish State in order to become less dependent on oil from the Middle East and extract oil and natural gas from the North Sea instead.
In 2006, the company changed its name to DONG Energy, after merging with the Danish energy companies Elsam, Energi E2, Nesa, Københavns Energi, and Frederiksberg Forsyning. This merger marked a change from exclusively being an oil and gas company to being an energy company.
In 2017, the company sold off its oil and gas business to focus entirely on green energy and changed its name to Ørsted after the Danish scientist Hans Christian Ørsted.
The physicist Hans Christian Ørsted discovered electromagnetism that laid the foundation for the modern generation of electricity, which is at the core of the company’s business.
The company operates through the following segments: Offshore wind, Bioenergy, Markets, Onshore wind, and Solar & storage.
Offshore wind
The company is one of the world’s largest companies in developing and building offshore wind farms.
Bioenergy
The Bioenergy capabilities ensure reliable, clean and sustainable electricity and heat production solutions.
Markets
Using intelligent and energy-efficient methods, the company handles the purchase, sale, and distribution of energy.
Onshore wind
The Onshore wind segment involves flexible, cost-competitive onshore wind solutions that help strengthen economies and pave the way to a greener future.
Solar & storage
The Solar & storage segment focuses on solar power to harness nature’s resources and deliver clean, renewable power to homes across the world.
With more than 6 500 employees, Orsted A/S is considered one of the largest energy companies in Denmark and one of the most sustainable energy companies in the world. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and orsted.com.
**Video published on YouTube by “Ørsted – World’s most sustainable energy company“.