Orsted AS - Company Profile
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Orsted AS (Orsted) is an energy company focused on developing, constructing, and operating renewable energy assets. Its main activities include the development and management of offshore and onshore wind farms, solar farms, energy storage solutions, and combined heat and power plants. Orsted provides sustainable energy products and services, catering to a diverse range of customers across various industries. The company's products and services are utilized by customers seeking sustainable energy solutions, with applications spanning multiple industries. It operates through a network of power exchanges and gas hubs, facilitating the distribution of its energy products. The company's geographic footprint includes Europe, Asia Pacific, and North America, targeting markets with a strong demand for renewable energy. Orsted is headquartered in Fredericia, Denmark.
Headquarters
Denmark
Address
Kraftvaerksvej 53, Skaerbaek, Fredericia, 7000
Website
www.orsted.dk
Telephone
45 9551111
No of Employees
7,675
Industry
Alternative Energy
Ticker Symbol & Exchange
ORSTED (CPH)
Revenue (2024)
$11.1B
3.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
1284.5%
(2024 vs 2023)
Market Cap*
$29.3B
Net Profit Margin (2024)
XYZ
1,248.3%
(2024 vs 2023)
* As of and is in US$
Orsted AS premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Heat | Optimization and Hedging of Energy Portfolio |
| Electricity | Electricity Distribution |
| Route-to-Market Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company signed an agreement with Good Energy to sell 200 gigawatt-hours (GWh) of renewable electricity over each of the two years. |
| 2026 | Asset Purchase | In May, the company acquired the 150 MW Salzburg battery energy storage system project in Michigan, the US, from ESA Solar Energy, LLC. |
| 2026 | Contracts/Agreements | In May, the company partnered with PS Renewables to introduce a 500 MW Clean Air Solar Farm in East Yorkshire, England. |
Competitor Comparison
| Key Parameters | Orsted AS | Enel SpA | Engie SA | Iberdrola SA | Vattenfall AB |
|---|---|---|---|---|---|
| Headquarters | Denmark | Italy | France | Spain | Sweden |
| City | Fredericia | Roma | La Garenne-Colombes | Bilbao | Solna |
| State/Province | - | - | Ile-de-France | Vizcaya | Stockholm |
| No. of Employees | 7,675 | 61,900 | 91,189 | 45,339 | 20,655 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lene Skole | Chairman | Executive Board | 2024 | 67 |
| Rasmus Errboe | President; Chief Executive Officer | Senior Management | 2025 | 47 |
| Trond Westlie | Executive Vice President; Chief Financial Officer | Senior Management | 2024 | 66 |
| Patrick Harnett | Executive Vice President; Head - Engineering, Procurement, Construction; Chief Construction Officer | Senior Management | 2025 | 50 |
| Godson Njoku | Chief Generation Officer; Executive Vice President | Senior Management | 2025 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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