Scientists have validated Ørsted’s targets for reaching net-zero emissions across its full value chain by 2040 which are consistent with limiting the global temperature rise to 1.5 °C above pre-industrial levels. Ørsted is the first and only energy company in the world to receive this new net-zero validation by the Science Based Targets initiative carried out by scientists.
The ‘marinized’ electrolyzer project will be developed at Grimsby in the UK for renewable hydrogen production. The Oyster Project is funded by the Fuel Cells and Hydrogen Joint Undertaking, a public private partnership of the European Commission and will develop and test an electrolyzer system designed to be integrated with offshore wind turbines.
The North Iowa Municipal Electric Cooperative Association (Nimeca) has signed a long-term power purchase agreement with Ørsted. Under the terms of the agreement, the association will purchase power from Ørsted’s Willow Creek Wind in Butte County, South Dakota, US.
With an aim to strengthen their collaboration on offshore wind and renewable hydrogen in Korea, Ørsted and Posco have signed a MOU. Under the terms of the agreement, Posco will help Ørsted to establish 1.6 GW offshore wind projects off the coast of Incheon City in Korea. Both the companies will also conduct feasibility studies on potential collaboration on renewable hydrogen.
The groundbreaking ceremony of Ørsted's first renewable hydrogen project – H2RES was spearheaded by Dan Jørgensen, the Danish minister for Climate, Energy & Utilities. The project is expected to produce up to around 1,000 kg of renewable hydrogen per day which will be used to fuel zero-emission road transport in the Greater Copenhagen area and in Zealand.
Under the terms of the agreement, MSD will purchase energy from the Armadillo Solar Center in Navarro County, Texas, USA. With this deal, Ørsted is expanding its customer base in the pharmaceutical industry. The Center is expected to be operational by 2023.
As part of the mega ‘SeaH2Land’ project, Ørsted is developing a 1 GW renewable hydrogen production facility by 2030. The project is expected to assist the Netherlands and Belgium reduce their carbon emissions in the near future.