As of 31 October 2017, we've changed our name to Ørsted, after the Danish scientist Hans Christian Ørsted.
Almost 200 years ago, Hans Christian Ørsted discovered electromagnetism, effectively establishing the foundations for the way we produce power today.
Hans Christian Ørsted’s ground-breaking discovery was driven by his curiosity, dedication and interest in nature. We share these qualities and find them essential in order to continue our journey from black to green energy.
From DONG Energy to Ørsted
Climate change is real and is rapidly changing conditions on our planet. 2016 was the warmest year on record. The concentration of CO2 in the atmosphere is at the highest level ever measured and throughout the planet the ocean levels are rising.
We believe it’s time to take real action and create a world that runs entirely on green energy.
A decade ago, we initiated our transformation from a black to a green energy company. Since then, we have reduced our coal consumption by 73%, and decided to fully phase out coal by 2023. We have become a global leader in offshore wind with a market share of 25%, currently powering 9.5 million people. Our ambition is to raise this number to 30 million by 2025.
In 2017, we divested our upstream oil and gas business, thereby completing our transformation to become fully dedicated to green energy.
Because of our actions, we have more than halved our carbon emissions over the past decade, and will have reduced them by 96% by 2023. This makes our target more ambitious than those agreed in the Paris Climate Agreement, which aim to keep the global temperature rise below 1.5°C.
Our transformation means that we have become too green for our name. DONG, originally short for Danish Oil and Natural Gas, is no longer an accurate description of who we are, or who we want to be.
Together we can make a difference.
Hans Christian Ørsted was born in Rudkøbing in Southern Denmark in 1777. He studied pharmacology, graduating with the highest honours in 1797. In 1806, he became a professor in physics, teaching primarily experimental physics. H.C. Ørsted's tireless pursuit of answers led him to discover electromagnetism in 1820. His ground-breaking discovery helped pave the way for numerous technological advances, among them being electric power production.
Throughout his life, H.C. Ørsted became an important figurehead within not only physics, but also within philosophy, poetry and aesthetics, establishing the Royal Danish Polytechnic Institute (today known as Technical University of Denmark, DTU), becoming its first director in 1829. Ørsted helped establish the world we know today, and his curiosity, dedication and interest in nature is exactly what we all need to embody to create a world that runs entirely on green energy.