ORSTED A/S

Company Overview

Ørsted specializes in development and construction of wind farms (offshore and onshore), solar farms, and facilities for renewable hydrogen, energy storage, green fuels, and bioenergy. In 2023, the company’s offshore power generation capacity stood at 17,761 GWh, onshore power generation capacity stood at 13,374 GWh, and bioenergy capacity stood at 4,437 GWh. The company is not exclusively focused on CDRs, as it has a diversified portfolio of various renewable energy sources. However, the company is actively involved in BECCS-based CDR projects. Its technology involves carbon capture through biomass-fired power plants and storing them underground.

The company is establishing its carbon capture plant “Ørsted Kalundborg CCS hub” in Denmark. SLB Capturi, a joint venture between Aker Carbon Capture and SLB will provide five Just Catch carbon capture units with additional liquefaction systems and temporary carbon dioxide storage and onloading/offloading facilities to Ørsted. These units are installed at Ørsted’s wood chip-fired Asnæs Power Station and the Avedøre Power Station’s straw-fired boiler with combined carbon capture capacity of 500,000 tons per year. The plant is expected to be online by the end of 2025.

Financial Highlights (FY 2024)

Company's Business Segments

• Sustainable Energy Products : Offshore and onshore wind farms, solar farms, energy storage, and heat and power plants.