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Energy Systems and Technologies for the Coming Century ...

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Dong <strong>Energy</strong>'s 85/15 strategy <strong>for</strong> <strong>the</strong> conversionto 85% renewableAuthor: Charles Nielsen, DONG <strong>Energy</strong>AbstractDONG <strong>Energy</strong> is one of <strong>the</strong> leading energy groups in Nor<strong>the</strong>rn Europe. The company isheadquartered in Denmark <strong>and</strong> <strong>the</strong> business is based on procuring, producing,distributing <strong>and</strong> trading in energy <strong>and</strong> related products in Nor<strong>the</strong>rn Europe.DONG <strong>Energy</strong> has a vision to provide clean <strong>and</strong> reliable energy <strong>and</strong> it is expressed as85/15 strategy because of <strong>the</strong> ambition to change <strong>the</strong> share of CO 2 -emitting heat <strong>and</strong>power production in 2006 from 85% to only 15% <strong>and</strong> 85% renewable energy in 2040.The basis <strong>for</strong> realizing this vision is a strong capability in development <strong>and</strong>establishment of new offshore wind, increased use of biomass <strong>and</strong> use of gas to secureflexible power production.It is <strong>the</strong> clear ambition to continue to generate more energy, while rapidly increasing <strong>the</strong>green proportion of this energy. And this should be done on a sound commercial basis.The target is thus to double earnings in <strong>the</strong> period between 2009 <strong>and</strong> 2015.DONG <strong>Energy</strong> - a dynamic energy company inNor<strong>the</strong>rn Europe<strong>Energy</strong> is <strong>the</strong> life blood of modern society, <strong>and</strong> a reliable supply of energy is essential tokeep <strong>the</strong> wheels of society turning. <strong>Energy</strong> companies produce different types <strong>and</strong> <strong>for</strong>msof energy that is taken to where society <strong>and</strong> its companies <strong>and</strong> consumers need it viatrading on international markets.DONG <strong>Energy</strong> is headquartered in Denmark <strong>and</strong> <strong>the</strong> result of a merger between sixDanish energy companies in 2006. It is a vertically integrated energy company withactivities in upstream oil <strong>and</strong> gas production in <strong>the</strong> North Sea, heat <strong>and</strong> power productionat <strong>the</strong>rmal power plants <strong>and</strong> wind in Nor<strong>the</strong>rn Europe, energy trade in Nor<strong>the</strong>rn Europe<strong>and</strong> gas <strong>and</strong> electricity distribution network <strong>and</strong> end-users in Denmark <strong>and</strong> <strong>the</strong>Ne<strong>the</strong>rl<strong>and</strong>s. The vertical integration creates a robust company <strong>for</strong> international growththrough diversified investments, knowledge of each part of <strong>the</strong> energy sector <strong>and</strong>business opportunities along <strong>the</strong> value chain.Figur 1 DONG ENERGY's value chainRisø International <strong>Energy</strong> Conference 2011 Proceedings Page 18

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