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Ørsted Unveils Osonic Platform with Luxcara Partnership

Story Highlights
  • Ørsted launches Osonic, a low-noise technology for offshore wind installations.
  • The Luxcara agreement marks Osonic’s first commercial deployment, enhancing Ørsted’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ørsted Unveils Osonic Platform with Luxcara Partnership

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Orsted ( (DOGEF) ) has shared an announcement.

Ørsted has launched its new technology platform, Osonic, by signing a preferred supplier agreement with Luxcara, marking the first commercial deployment of its low-noise monopile installation method. This technology, which significantly reduces underwater noise and costs, will be used for offshore wind turbine foundations in Germany, enhancing Ørsted’s competitive edge in the offshore wind industry. The agreement with Luxcara highlights Ørsted’s innovative capabilities and positions Osonic as a key player in the European offshore wind market, offering licensing and related services to third-party developers.

More about Orsted

Ørsted is a global leader in developing, constructing, and operating offshore wind farms, primarily focusing on Europe. With over 30 years of experience, Ørsted has installed 10.2 GW of offshore capacity and has 8.1 GW under construction. The company also engages in onshore wind, solar power, energy storage, bioenergy plants, and energy trading, boasting a total renewable energy capacity of over 18 GW across Europe, Asia Pacific, and North America. Headquartered in Denmark, Ørsted is recognized for its commitment to sustainability and green energy.

Find detailed analytics on DOGEF stock on TipRanks’ Stock Analysis page.

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