MIT Technology Review has included Ørsted on its new list of 15 climate tech companies to watch.
The list, which was premiered at this year’s ClimateTech conference on MIT’s campus, highlights start-ups and established businesses that could have the greatest potential to substantially reduce greenhouse gas emissions or otherwise address the threats of climate change.
According to MIT Technology Review, “former fossil-fuel company Ørsted has reinvented itself as a renewables powerhouse.
“The company is leading the charge into a clean energy future by building massive offshore wind farms in Europe and installing some of the first turbines in US waters.”
Varun Sivaram, Senior Vice President and Head of Strategy, Innovation, Portfolio, Partnerships & M&A at Ørsted, said: “I’m incredibly proud that Ørsted is recognised as a climate tech leader by MIT Technology Review, which is known around the world for its compilations of leading technology advances and innovators.
“Innovation is key to leading the world toward a future powered entirely by green energy.
“As a world leader in renewable energy, Ørsted has helped identify and deploy innovative solutions within the energy sector for more than two decades, and we’re more ambitious than ever to push for the next technology breakthroughs that can help solve the climate crisis.”
Ørsted’s scientists and engineers are advancing research, development, demonstration, and deployment of advanced technology projects with the aim of integrating even higher shares of renewables into the global energy system and decarbonising the world economy.
Examples include building and patenting an uncrewed surface vessel, which uses onboard LIDAR to accurately predict offshore wind generation at prospective sites, as well as a project with Oxford University that has helped reduce the steel used in offshore wind foundations.
Ørsted actively invests in clean technology start-up companies, including its most recently announced investment in Crux, to unlock finance for the green transition.
The company recently announced a partnership with Newlab to support start-ups building, piloting, and scaling novel energy storage solutions and developing solutions for long-duration flexibility.