Ørsted Gets to Keep the Name
- Business & Finance
The Copenhagen Maritime and Commercial Court has upheld Ørsted’s claim that it has the right to use the Ørsted name.
To remind, the Danish offshore wind giant changed its name from DONG Energy to Ørsted in October 2017, following the sale of its upstream oil and gas business and the decision to shift to green energy.
The name represents the company’s reference to Danish scientist Hans Christian Ørsted, who discovered electromagnetism in 1820, which helped lay the scientific foundation for how the current world is powered.
“We’re very pleased that the judgment of the Copenhagen Maritime and Commercial Court upholds our claim that we have the right to use the Ørsted name,” said Ørsted CEO Henrik Poulsen.
“Our use of the name is a tribute to Hans Christian Ørsted, one of the greatest Danish scientists of all time. He discovered electromagnetism nearly 200 years ago and thus laid the foundation for how we produce electricity today.”
Ørsted collaborates with H.C. Ørsted Selskabet and the Danish Society for the Dissemination of Natural Science, which was founded by Hans Christian Ørsted, to increase awareness of him and his discoveries.