Ørsted is a renewable energy company that takes tangible action to create a world that runs entirely on green energy. Its aim is to develop and deploy market-leading green energy solutions that benefit the planet and its customers alike, further driving down the cost of green energy. By deploying renewable energy resources at scale, Ørsted wants to revolutionize the way it powers people and reduce the negative effects of climate change, which are currently one of the biggest threats facing the world.
Over the past 25 years, the company has established itself as a global leader in offshore wind with a 25% market share. Ørsted develops, constructs and operates offshore wind farms in Europe, the US and Asia, and has built enough offshore wind to power 9.5 million people. By 2025, its ambition is to power 30 million people with offshore wind. The UK is the company's biggest offshore wind market with eleven wind farms already operating. The company has invested £8 billion building offshore wind farms in the UK and it is investing a further £4 billion by 2020. It is committed to ensuring that its presence contributes to sustainable growth and development.
A decade ago, Ørsted initiated its transformation from a black to a green energy company. Since then, it has reduced its use of coal by 73% and more than halved its CO2 emissions. The company is in the process of converting its coal-fired power stations in Denmark to sustainable biomass, and by 2023, it will be completely coal-free and will have reduced its CO2 emissions by 96%. In 2017, the company divested its upstream oil & gas business, completing its transformation to becoming a leading pure play renewables company.
Ørsted has pioneered a new innovative bio-energy technology called Renescience. This technology converts unsorted household waste to energy using an enzyme treatment process. The first one in production is located in Northwich, UK.
Ørsted is a leading energy supplier in the UK. By helping businesses be smarter with their energy consumption through innovative green energy solutions, the company is striving to help build a sustainable energy future for the UK, which will last in the new energy economy of the future.