Ørsted implements new organizational structure to deliver industry-leading clean energy solutions

US onshore and offshore businesses are integrated into a new Americas region and led by the Executive Vice President and CEO david hardy

BOSTON, October 4, 2022 /PRNewswire/ — Ørsted, a leading global clean energy company, today announced a new organizational structure designed to continue to drive growth and meet customers’ changing renewable energy needs. The new regional structure allows management to capitalize on the trends and demands of each local market. In United StatesØrsted is consolidating its onshore and offshore clean wind power businesses into a single new organization, the Americas Region, led by the Executive Vice President and CEO david hardy.

“The U.S. clean energy market continues to grow rapidly and evolve toward integrated energy solutions that combine technologies to best meet diverse customer needs,” said david hardy, Executive Vice President and CEO, Ørsted Americas. “By bringing together the expertise of our Onshore and Offshore teams, we are able to not only meet these market demands, but also shape the industry so that we can move our communities and economies towards clean energy even further. faster.”

With a rapidly growing corporate presence in 16 states and a leading US supply chain network that extends to nearly every state, Ørsted Americas is well positioned to continue to meet the changing needs of the industry. ‘energy. The company’s US portfolio includes approximately 10 gigawatts of solar, onshore/offshore wind, e-fuels and storage in operation or under development and with growing opportunities on the horizon.

Decarbonization initiatives continue to gain momentum thanks to corporate ESG targets and ambitious government targets. Ørsted’s deep industry expertise, combined with its commitment to uplifting communities through clean energy, has positioned the company as a trusted advisor to its customers and a leading provider of green energy transition solutions. .

For example, Ørsted’s land assets in the United States invest in local infrastructure and generate millions of dollars in new tax revenue for communities. In offshore wind energy, the US team at Ørsted has established the industry’s first partnership with North America Construction Trade Unions through the National Offshore Wind Agreement (NOWA). NOWA guarantees that offshore wind energy in the United States will be built with a highly skilled, well-paid American workforce, reflecting Ørsted’s values ​​in community development.

Ørsted began its transformation 12 years ago when the company transformed from an oil and gas company to a fully dedicated renewable energy company. The creation of a new regional organization is the next chapter in this journey and aims to create more local agility for Ørsted’s global portfolio. In addition to an evolution towards integrated energy solutions, the energy landscape is becoming more complex with growing and diversified local requirements.

This new structure enables the regions of Ørsted to respond to local customer needs and diverse market opportunities. In addition to offshore wind energy and onshore asset development, Ørsted Americas will maximize opportunities for the company’s Power-to-X goals in the region. With the enactment of the Inflation Reduction Act, United States is poised to become a global leader in green hydrogen and e-fuels, and Ørsted Americas’ onshore strategy includes identifying the most strategic offtake partnerships to help decarbonize hard-to-reduce industrial sectors.

“On the heels of the Cut Inflation Act, the United States is set to accelerate its renewable energy ambitions, from offshore wind and onshore assets to hydrogen. green and e-fuels,” Hardy said. “The combination of our existing portfolio and future opportunities positions us as one of the largest clean energy investors in the world. United Statescreating jobs, economic opportunity and new infrastructure to position America as a leading clean energy center in the world.”

Mr. Hardy will lead Ørsted Americas, beginning in November 1, 2022. He is currently CEO of Ørsted Offshore North America and joined the company in 2020. A military veteran, Mr. Hardy has nearly three decades of leadership experience, spending his time in the United States Navy on nuclear submarines to leadership positions in clean energy and manufacturing. at GE, Vestas and Senvion.

Ørsted is currently monitoring the Americas region outside United Statesincluding Canada, Mexico and South Americaas these markets continue to mature and develop opportunities in clean energy technologies.

About Orsted

A world leader in clean energy, Ørsted develops, builds and operates offshore and onshore wind farms, solar farms, energy storage facilities and bioenergy plants. Ørsted is the only energy company in the world to have a science-based goal of net zero emissions, as validated by the Science Based Targets initiative. Four years in a row, the company has been ranked the world’s most sustainable energy company by Corporate Knights.

In United States, the company has approximately 600 employees and a growing portfolio of clean energy assets and partnerships that includes offshore wind power, onshore wind power, solar power, storage technologies and e-fuels. Leader in the renewable energy sector in United States, Ørsted is the leader in offshore wind energy with approximately 5 gigawatts in development and operates America’s first offshore wind farm, located off Block Island. Ørsted has a total US onshore capacity of 5 gigawatts across wind, solar, storage and e-fuel technologies. To learn more about Ørsted’s business in the United States, visit us.orsted.com or follow the company on Facebook, Instagram and Twitter (@ØrstedUS).

SOURCE Ørsted

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