Ørsted was once one of the most coal-intensive energy companies in Europe. Today, we’re one of the world’s most sustainable energy companies, and a global leader in the transition to green energy.
Our business transformation is a story of technological innovation, steep learning curves and difficult strategic choices that have led to long-term gains. We want to share what we’ve learnt, from our decision to move away from an unsustainable business model based on fossil fuels, to the action we took to build a truly green business – and the benefits and opportunities it's created for us.
Part of something much bigger
Our own green transformation took a decade. Our fundamental objective was to transform our business from one based on fossil fuels to one based on renewable energy, and to find a business model that is both environmentally and financially sustainable.
We hope that the story of our transformation will inspire other companies and countries to take the steps necessary to limit the temperature increases that are causing climate change, and having detrimental effects on our global ecosystems. As our story shows, green transformation is possible. And it comes with huge opportunities for businesses, economies and local communities.
Let’s work together to create a world that runs entirely on green energy.
The timeline of a transformation
* Our target is to phase out coal before 2025. The Danish authorities have ordered us to continue and resume the operation of three of our power station units which use coal and oil until 31 August 2024.