COPENHAGEN, Aug 22 (Reuters) – Danish offshore wind specialist Orsted aims to become one of a handful of future “renewable majors” that will lead a global transition from fossil fuels to green energy, the company’s chief executive said. Orsted has gone through a rapid transition since 2012 when CEO Henrik Poulsen took the helm, shedding its oil and gas business and phasing out coal to become almost entirely green. The group, which has installed about a quarter of the world’s offshore wind capacity, is seeking to expands in energy storage, onshore wind and possibly solar power in order to build scale and bring the cost of renewable energy even lower. “Scale is important,” Poulsen said at an event in Copenhagen this week. “We must both geographically and technologically build a much wider and bigger platform for the future.” The company, which has so far mainly developed offshore wind farms in Europe, is already involved in battery storage projects and last week agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy in a $580 million deal. “If you look to 2030, I think we will have something called renewable majors, in the same way as we now have […]
Latest Articles
A Massive Solar Power Farm Will Be Built in California Desert
Takeaways: A major solar energy project, the Crimson Solar Project will be built in the Californian desert.
Once completed, it will have the capacity...
A 1,000-Pound Great White Shark just Spotted Off Coast of New Jersey
Takeaways: A 1000 pound great white shark was spotted off the coast of New Jersey.
This shark, Ironbound, has traveled an estimated 13,000 miles...
Shoes Made from Grapes and Mushroom Handbags: the Rise of Animal-free Leather
Takeaways: Plant-based leather helps upcycle an existing waste stream, disconnects from the cattle industry and helps to reduce greenhouse gas emissions.
Major fashion brands...
Germany Announces New Plan to ‘Turbocharge’ Transition to Renewable Energy
Takeaways: Germany has announced its plan to get at least 80 percent of its energy from renewable sources by 2030.
The plan includes increasing...
We Have a Lot to Learn From Indigenous People’s Oyster-Shucking Practices
Takeaways: The abundance of oysters in the US is one example of Indigenous oyster fisheries around that world that harvested huge quantities without wiping...
Researchers Spot a Rare Type of Dragonfish at 1,000 Feet Deep
Takeaways: Researched in California have recently spotted a rare type of deep-sea dragonfish nearly 1000 feet deep.
This species can be found off the...