Propel your business with Ørsted

Are you looking to revolutionize the energy industry?

Apply now

About Ørsted Propel

At Ørsted we are committed to working with innovative startups that are ready to tackle the challenges that the energy industry faces. Hence, we have officially launched a four-month open innovation program with Rockstart – a leading early stage VC-Accelerator – to find the best solutions for a more sustainable future. 

 

The program’s purpose is to support up to ten startups with their commercialization and growth through Ørsted’s vast network, capabilities and resources. Through this development, there is the potential to develop pilot projects, funding opportunities, and other long term engagements with Ørsted.

Ørsted in the sea

Why Apply?

Commercialize with Ørsted

Meet with Ørsted’s team and together validate a potential collaboration with their onshore and offshore global portfolio.

Access to Funding Opportunities

Explore opportunities with Ørsted, Rockstart, as well as their respective network of international investors.

Industry and Strategic Expertise

Gain access to a network of experts tailor-made to your needs that will support you throughout the program and beyond.

Who are we looking for?

Ørsted is looking for European-based start-ups with promising hardware and software solutions that could revolutionize the entire energy industry, and who are looking for a partner to help validate their technology on the market. We are looking for startups that focus on integration of renewable electricity in the energy system (‘system integration’) and fit one or more of the following solution themes:

Conversion and storage of surplus renewable electricity

Technologies that enable the best use of energy surpluses in the electricity system. For example, technologies that aid the commercialization of Power-to-X (e.g. hydrogen-based green feedstock or synthetic fuels) or long-duration energy storage.

Enable flexible and efficient usage of energy

Technologies that enable or accelerate the deployment of demand response in energy intensive applications, such as sector-coupling (power, heat, transportation, heavy industry) or through scalable aggregation of decentralized energy usage.

Ensure the stability of the electricity grid

Technologies that enable fast regulation of electricity supply and/or demand. For example, ones that could aid the provision of ancillary services to the TSOs (transmission system operators), advanced dispatching algorithms, low-cost short duration electricity storage or other enablers for system-friendly wind/solar farms.

Aggregate and orchestrate data to better understand energy supply and demand

Technologies that focus on digitalization and access to macro/micro data for market synchronization and transparency. For example, using algorithms to provide accurate weather forecasting for renewable energy production or energy demand forecasting.

Shorten the geographical proximity of energy production and consumption

Technologies that can overcome electricity transportation bottlenecks. For example, by avoiding intermediaries or by increasing co-location of electricity consumption and production.

Key Dates

17th October

Applications Open

16th November

Applications Close

November 28th - December 7th

Top 20 Selection Interviews

9th December

Final Selection

End of January

Ørsted Propel Kick-Off

Is this you? Apply now

Apply now
Ørsted in action

About Ørsted

More than 80% of the world’s total energy consumption still comes from fossil fuels. The resulting pollution is harmful to our planet. We want to change that. And our vision is clear: Let’s create a world that runs entirely on green energy.

 

Ørsted is the world leader in offshore wind. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights’ 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 7,292 people.

 

Do you have any other suggestions on how to accelerate the energy transition?

 

Reach out to zara@rockstart.com with any other solutions that can revolutionize the offshore wind energy industry. Let’s explore jointly!

FAQ

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