Danish Ørsted Holds Ribbon-Cutting Ceremony in Newark, NJ

10/2022: Denmark-founded Ørsted hosted a ribbon-cutting ceremony recognizing Ørsted’s commitment to the City of Newark and to the State of New Jersey. The opening of the office complements Ørsted’s first office that was opened in Atlantic City in 2018. 

The event was held within the recently renovated Ironside Newark, home to Ørsted’s North American Digital Operations Headquarters which supports the company’s offshore and onshore businesses. The office space is occupied by numerous new IT positions and serves as a base for local project development staff.

The event also highlighted the progress of Ørsted’s 10-year, $1.5 million agreement with NJIT, announced in 2021, that created new scholarship and career development opportunities in the field of offshore wind and STEM for the university’s exemplary engineering and computer science undergraduate students. In addition to the scholarships, Ørsted is also working with NJIT to develop STEM education and outreach programs to reach underrepresented students in the City through networking events, funded initiatives and college-prep programming for local elementary, middle and high school students. These programs are offered through the University’s Center for Pre-College Programs and the NJIT-Newark Math and Science Initiative.

Through the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects, Ørsted is bringing significant economic investment to New Jersey, totaling over $1.5 billion. Ocean Wind 1, developed in partnership with PSEG, anticipates spending $695 million in New Jersey while creating hundreds of construction jobs per year, including jobs associated with the development of the EEW monopile manufacturing facility in Paulsboro, the first of its kind in the U.S.

Ocean Wind 2 will invest $1 billion directly in the State and generate over $4.8 billion in net economic benefits for New Jersey, helping to further develop a strong domestic supply chain.  In addition, the Ocean Wind 2 project is supporting the launch of an electric truck initiative at the Port of Newark in partnership with Zeem Solutions.

© Photo: Ørsted / ChooseNJ