Ørsted Ventures & Open Innovation

At Ørsted, our vision is to create a world that runs entirely on green energy – in part, through continued, rapid, and collaborative innovation.

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Collaborators and case studies
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Green energy innovation with greater speed and impact

Our mission in Ventures & Open Innovation is to ensure that Ørsted works as closely as possible with the creators, supporters, and adopters of green energy innovation. To do this, we partner with and invest in organisations such as start-ups, academic institutions, private equity firms, and businesses in adjacent sectors, helping them turn their ideas into solutions that can deliver real-world impact.

That means giving our partners access to our in-house expertise, assets, data, capital, markets, and brand, and working alongside them at every stage of development: from finding the right concept, all the way to preparing a solution for commercial launch.

Get to know us

Ørsted Ventures & Open Innovation comprises a diverse team of specialists who understand the power of collaboration in delivering positive change.

For you, that means working alongside a partner who will provide tailor-made stepping stones that will help speed up your innovation journey. That includes access to our:

Additionally, we provide incubation and acceleration support for a wide range of innovators and act as industrial advisors to academic networks and programmes of research.

We also operate a network of Innovation Hubs in the United Kingdom and Ireland, the United States, and the Netherlands, with our headquarters in Denmark. The purpose of the hubs is to provide an open door to innovators who would like to work with Ørsted, allowing us to build a local presence wherever we operate so that we can better engage with the best external innovation ecosystems available.

Refer to the location map below for a list of our Innovation Hub offices around the world.

Our impact

From supporting up-and-coming green businesses to funding research into offshore wind, here are some recent examples of our work.

Case 1: Ørsted Propel

Together with leading accelerator and investor Rockstart, we operate Ørsted Propel, a tailor-made accelerator programme for innovative start-ups working to improve wind energy system integration. With an inaugural cohort of 10 start-ups, participants receive: support to commercialise and scale their businesses, access to funding, and opportunities to pilot their products and services with Ørsted.

Read more about Ørsted Propel

Case 2: Prosperity Partnership – “A New Partnership in Offshore Wind”

This five-year innovation programme, which ended in April 2023, was a collaboration between Ørsted, Siemens Gamesa, and the universities of Durham, Sheffield, and Hull. With a total budget of GBP 7.6 million, it supported 20 individual PhD and post-doctoral projects and over 150 publications focused on cost and risk reduction of offshore wind technologies. Furthermore, the success of the partnership has led to the allocation of an additional GBP 14 million in funding for follow-on research.

Read more about the Prosperity Partnership

Case 3: The Blue Energy Studio

In partnership with Newlab, a leading innovation incubator based in the US, Blue Energy Studio delivers targeted support to innovators looking to develop and scale solutions for improved investigation, installation, operation and maintenance of offshore wind farms. With an open-door policy for entrepreneurs, engineers, inventors and additional corporate partners, Blue Energy Studio will continue to broaden its scope across the renewable energy sector to ensure that the best, most innovative technologies are accelerated towards industrial uptake at commercial scale.

Read more about the Blue Energy Studio

Case 4: Spoor

In June 2022, the Ventures & Open Innovation team worked with partners in the venture capital sector to invest in Spoor – a Norwegian deep-tech start-up developing a cutting-edge AI solution to identify, track and monitor birdlife at offshore wind farms. Furthermore, Ørsted has entered into an R&D partnership with Spoor whereby both companies will collaborate to share knowledge and data and pilot the Spoor system at operational offshore wind farms.

Read more about Spoor

We maintain an ever-expanding partner network of the world’s leading innovation organizations, including:

Get in touch

If you have a specific research project you would like to bring to our attention, please head to Proposals for Collaboration to submit a proposal.

If you would like to get in touch with Ørsted Ventures & Open Innovation for any other reason, please complete the form below:

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