Ørsted Investor Relations Material

Ørsted AS, headquartered in Denmark, is a multinational power company that primarily specializes in renewable energy. It was established in 1972 and originally focused on oil and gas exploration, but in recent years the company has undergone a significant transition and is now a leader in offshore wind power. Apart from wind energy, Ørsted also invests in other sustainable energy technologies, including bioenergy and green hydrogen solutions. Today, Ørsted operates internationally, with numerous offshore wind farms and bioenergy plants across various regions.

Ørsted was founded in 1972 as "Dansk Naturgas A/S" with a primary focus on oil and gas. Over the years, the company has undergone numerous transformations and rebrandings, the most significant of which took place in 2017 when the company changed its name from DONG Energy to Ørsted. This shift also marked a strategic pivot away from oil and gas towards a fully-fledged focus on green energy.

Ørsted has become a key player in the offshore wind industry. With the aim of contributing to a world that runs entirely on green energy, Ørsted is responsible for some of the world’s largest offshore wind farms. The company has a considerable amount of installed wind energy capacity and is developing a robust pipeline of projects across Europe, North America, and Asia.

Aside from wind energy, Ørsted has also diversified and moved into bioenergy and green hydrogen and the company operates a number of bioenergy plants and waste-to-energy facilities. In terms of green hydrogen, Ørsted is exploring how this renewable form of hydrogen, produced using wind and water, can contribute to the decarbonization of sectors that cannot directly use electricity, such as heavy transport and industry.

In the Nordic energy sector, Ørsted stands out as a pioneering company, with its ambitious green transformation being a testament to its innovative approach. With the global push towards decarbonization, Ørsted is well-positioned to leverage its expertise in renewable energy development and play a significant role in the future energy landscape as we move towards depending more and more on renewables. Europe is a hotspot for green energy with companies like Ørsted, Vestas, and Iberdrola being important players. In the US, NextEra is one of the energy providers leading the charge toward a greener future.