Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. The company also develops onshore wind and solar projects, battery storage facilities and other renewable energy infrastructure. Its activities include project development, engineering, construction, operations and maintenance, and the sale of renewable power.
The company was formerly known as DONG Energy and historically operated across oil, natural gas and conventional energy activities. It began a strategic transformation toward renewable energy and changed its name to Ørsted in 2017, in honor of Danish scientist Hans Christian Ørsted. Since then, offshore wind has become the central focus of its business, although the company continues to pursue a broader portfolio of renewable energy and related solutions.
Ørsted serves energy markets in Europe, North America and the Asia-Pacific region. Its projects and business activities have included countries such as Denmark, the United Kingdom, Germany, the Netherlands, the United States, Taiwan and other markets with growing demand for renewable electricity. The company works with governments, utilities, institutional partners and commercial customers to develop large-scale clean energy projects.
