Orsted AS (Orsted) is involved in developing, constructing, and operating offshore wind farms, with a core focus on Europe. Its portfolio includes offshore and onshore wind farms, solar farms, energy storage, and combined heat and power plants. The company operates in the renewable energy sector, serving industries that require sustainable energy solutions.

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The company’s research and development activities are focused on enhancing its technology and product quality, expanding its product portfolio, and optimizing its product structure. The company is developing its market presence and cost competitiveness by expanding its research and development capabilities. In addition to this, the company also focuses on the development of bat and bird monitoring guidance documents to support the protection of vulnerable bat and bird species to facilitate sustainable growth of its offshore wind operations. In FY2024, it spent DKK1,555 million on as compared on R&D, which was 2.2% of the revenue and decreased 32.6% YoY.