Ørsted, a global leader in offshore wind energy, has successfully transitioned from a traditional fossil fuel company to a major player in renewable energy in only a decade.
The company also helps other countries and companies transition to green energy with wind, solar, hydrogen, biomass and energy storage solutions.
Job creation:
Ørsted employs more than 9,000 people globally in sectors including engineering, construction, business and maintenance of wind farms, stimulating economic growth.
The company’s operations stimulate substantial investment into local communities, businesses, infrastructure and supply chains. The presence of an Ørsted’s project can support long-term economic stability in the area it operates.
Grimsby, a coastal town in the UK, experienced economic downturn as its fishing industry receded. Ørsted established an offshore win and renewable energy sector in the region, employing around 600 people in long-term, high skilled jobs.
It estimates that as many as 43 million jobs could be created by the global renewable energy industry by 2050.
Climate Impact:
Ørsted’s strategic decision to transition from a fossil fuel company to a leader in renewable energy has seen the company become a powerful player in the fight against climate change. Instead of emitting CO2, the company now generates clean, renewable energy. It has set an ambitious goal to have nearly zero CO2 emissions by 2025, setting a precedent for other companies to follow.
As a company they have also set a goal that all new renewable energy projects from 2030 onwards should have a net-positive impact on biodiversity.
Ørsted’s transformation contributes to cleaner air, reduces reliance on non-renewable energy sources and moves towards a more sustainable planet for future generations.
Consumer Benefits:
By providing access to clean energy, Ørsted reduces consumers’ reliance on fossil fuels, and puts downwards pressure on energy costs. As renewable energy becomes a larger part of the energy grid, it contributes to price stability and reduces the vulnerability of consumers to fluctuations in fossil fuel prices.