The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants.
Globally, Ørsted is the market leader in offshore wind and is constructing the world’s biggest offshore wind farms off the East Coast of the UK. Its UK offshore wind farms generate enough clean electricity for over four million UK homes and this will rise to over five and a half million homes a year by 2022.
Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,800 people, including over 1,000 in the UK. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion).
Role in Project
Ørsted is finalising the construction of the Hornsea Two offshore wind farm which will be the world largest and provide renewable electricity directly to the Gigastack electrolyser. This will enable the production of renewable hydrogen to be used at the Phillips 66 Humber Refinery. Ørsted will continue to work with Phillips 66 to develop the Second Phase of the FEED Study (i.e. permitting and CAPEX reduction initiatives) and will maintain engagement with BEIS, in order to target a Final Investment Decision in 2023.