Major energy revolution is visible on the horizon
17th September 2020 | Commercial Energy
The transformation of the Danish green energy company, Ørsted, from its roots in oil and gas and coal-fired power generation to a company that today aims to be carbon neutral by 2025, both in its own operations and in the energy it generates, is amazing by any standards. As Duncan Clark who heads up Ørsted in the UK explains, the company started out life as Dong Energy, a wholly state-owned company. Dong was well known in the oil and gas sector and, in Denmark, it provided electricity and heat from a portfolio of coal-fired power stations to supply Danish homes.
It began life as Dansk Naturgas A/S in 1972, with a mission to manage oil and gas resources in the Danish sector of the North Sea. The name changed over time to Dansk Olie Naturgas A/S, which abbreviated to DONG. It changed its name to Ørsted in 2017 to reflect its growing international stature, its evolution away from its fossil fuel based past and a commitment to all future investments being in renewable energy.
Today, Ørsted is the world’s largest developer of offshore wind energy, accounting for just under 30% of the world’s installed offshore wind generation capacity. As Clark explains, the company already has the world’s largest offshore wind farm, and has developed a massive gigawatt wind farm off the Yorkshire coast, and is developing offshore wind farms that will be double this size. “We are a renewable energy company that prides itself on taking tangible action to create a world that runs entirely on green energy. Our aim is to develop and deploy market-leading green energy solutions that benefit both the planet and our customers,” says Clark.
“Climate change is one of the biggest threats facing the world today, and we believe that the solution lies in deploying renewable energy resources on a much larger scale than anything we have seen so far. We want to revolutionise the way we power people, particularly as far as heating and transport are concerned.”
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