Dong Energy Changes Name in Move Towards Renewable Energy
NEC member DONG Energy has changed its name to Ørsted as the company’s focus shifts away from oil and gas toward investments in renewable energy sources.
The Danish company’s embrace of renewables over the past ten years led to the decision to change its name to better align with the organization’s current goals. DONG stands for Danish Oil and Natural Gas, while the company’s new namesake is Hans Christian Ørsted, who discovered electromagnetism. Along with heavily investing in renewable resources, Ørsted has stopped all work with coal and aims to decrease carbon emissions by 92% from 2006 to 2032. They have already been cut by 52%. Ørsted is also slated to begin production on the world’s largest offshore wind farm that will power 1.3 million homes in the UK. The new name became official at the beginning of November.
CEO Henrik Poulsen said, “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.”
The New England Council commends Ørsted for its commitment to renewable energy. Read more on CNBC.