Ørsted A/S (0RHE)

Overview

Ørsted A/S, previously known as DONG Energy A/S until its name change in November 2017, is a pioneering force in the energy sector with a focus on developing and operating renewable energy installations across the globe. Since its inception in 1972, the company has been based in Fredericia, Denmark, and has expanded its operations to include offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted operates through three main segments: Offshore, Onshore, and Bioenergy & Other, catering to diverse markets in the United Kingdom, Europe, the United States, and Taiwan, among others.

Products and Services

• Offshore Wind Farms: The core of Ørsted’s operations involves the development, construction, ownership, and operation of offshore wind farms. These facilities are strategically placed in the United Kingdom, Europe, the United States, and Taiwan to harness wind energy for electricity production. Furthermore, this segment spearheads the development of renewable hydrogen and green fuels in Europe and the United States gulf coast.
• Onshore Wind and Solar Farms: Beyond the offshore initiatives, Ørsted actively works on onshore projects that include both wind and solar energy farms, predominantly in the United States and Europe. This diversification allows the company to tap into different renewable resources based on geographical advantages. Integrated storage solutions are also developed to ensure a steady supply of energy.
• Renewable Hydrogen and Green Fuels: In its commitment to fostering a sustainable energy future, Ørsted is venturing into the production of renewable hydrogen and green fuels. These projects, primarily based in Europe and on the United States gulf coast, aim to create alternative energy sources that can support a wide range of industrial applications and transportation needs.
• Bioenergy and Other Services: The Bioenergy & Other segments cover the generation of heat and power from combined heat and power (CHP) plants located in Denmark. Additionally, this segment is responsible for optimizing the gas portfolio, offering ancillary services, and serving the Danish and Swedish B2B markets. This segment illustrates Ørsted’s approach to leveraging a variety of energy sources and market strategies to maintain a leading position in the energy sector.