DONG Energy changes name to reflect move to biomass and renewable energy

October 14, 2017 |

In Denmark, DONG Energy, which was originally short for Danish Oil and Natural Gas, changed its name to Ørsted in a move to better reflect its transition from oil and natural gas towards renewable energy. In recent years they have been divesting their oil and gas businesses and stopped using coal and replacing it with renewable energy like wind, biomass and waste to energy. They also recently set up a new storage team to explore new business opportunities in energy storage.

Henrik Poulsen, CEO said in their press release, “Today, we’re dedicated to green energy. Our focus going forward will be on green growth based on our existing business platforms in offshore wind, biomass, green customer solutions and advanced waste-to-energy solutions. We’ll also explore new green growth opportunities to strengthening our existing platform, if they support our vision, provide a strong competitive position and create value for our shareholders.”

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Category: Fuels

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