Ørsted A/S Overview
Ørsted A/S is one of major providers of renewable wave-energy technology that develop, construct, and operate offshore wind farms, waste to energy solutions, and bioenergy plants. In 2017, its name changed from DONG Energy to Ørsted A/S as it divested from its oil & gas business and became a fully green energy company. The company operates in three business segments, namely, wind power, bioenergy & thermal power, and distribution & customer solutions. The company offers it renewable energy products in two segments namely, wind power and bioenergy & thermal power. It procured residues such as straw, wood pellets and wood chips from agricultural farms and forestry in their bioenergy plants, which help reduce carbon emissions, per year. Its subsidiaries are Gunfleet Sands Holding Ltd and Walney (UK) Offshore Windfarms Ltd.
Strategy
The company strategizes to actively seek new partnerships to enter the untapped global markets of renewable energy. Furthermore, it divested from the conventional revenue generation business of oil & gas and adopted green energy in order to manage the carbon emission issues. The company has been focusing on advanced analytics and automation in all aspects of its business to optimize the potential of digitalization in renewable energy industry.
