Danish power company Orsted, previously known as DONG Energy, is looking to expand into solar power and storage, according to CEO Henrik Poulsen. The company saw profits rise 18% last year to $3.7bn after it sold off its oil and gas businesses, and the company has restated its commitment to moving to low-carbon sustainable energy, with a target of going coal-free and sourcing 95% of its power generation from renewables by 2023. “Our strategy is based on the vision of an integrated green energy system, where renewable energy technologies can be combined with each other and with energy storage solutions, more flexible and intelligent patterns of consumption and electrification of the transport sector, heating systems and industry,” Poulsen said. “Denmark was one of the first countries in Europe to embrace renewable energy – we are now leading the way for other countries,” said Poulsen, who took over at the end of 2014.
Danish power company Orsted, previously known as DONG Energy, is looking to expand into solar power and storage, according to CEO Henrik Poulsen. The company saw profits rise 18% last year to $3.7bn after it sold off its oil and gas businesses, and the company has restated its commitment to moving to low-carbon sustainable energy, with a target of going coal-free and sourcing 95% of its power generation from renewables by 2023. “Denmark was one of the first countries in Europe to embrace renewable energy – we are now leading the way for other countries,” said Poulsen, who took over at the end of 2014.