NEW YORK – (BUSINESS WIRE) – June 15, 2021–

Newlab, a community of experts and innovators applying transformative technology to solve the world’s biggest challenges, and Ørsted, the global leader in offshore wind development, announced the launch of the Blue Energy Studio, a collaborative initiative designed to drive innovation towards a future powered by renewable energy. The Blue Energy Studio will engage entrepreneurs, engineers, inventors and partner companies, starting with Ørsted, to test and iterate innovative solutions to critical challenges in the renewable energy value chain.

In view of the United States’ goal of achieving 100% carbon-free electricity by 2035, the Studio aims to provide solutions to the challenges of the renewable energy value chain. During its initial phase, the Studio will focus on offshore wind innovation and recruit technology companies focused on streamlining the investigation and installation of new sites for offshore wind development; improve the efficiency of site operations and maintenance; and the optimization of energy distribution to energy networks. With the addition of other industry partners, the Studio will expand its scope to include geothermal, hydroelectric and solar categories.

“We are delighted to partner with Newlab and achieve our common goal of making the Blue Energy Studio a world-class program for innovation in renewable energy. We will mobilize the world’s greatest minds to help tackle one of the most significant challenges facing humanity today: climate change, â€said Neil Hamel, Head of Innovation and Business in the United States at Ørsted. “The Studio is made possible through a combination of Ørsted’s deep expertise in renewable energy and Newlab’s extraordinary ability to drive world-changing innovation, and is ready to support critical solutions that have the potential to make significant progress in the renewable energy sector, starting with offshore wind. “

“At Newlab, we are committed to leveraging our community of more than 800 entrepreneurs, engineers, inventors, investors and advisors to address significant and real challenges across all industries,†said Shaun Stewart, CEO of Newlab. “Solving the major bottlenecks in the renewable energy sector will be essential to ensure the health and well-being of our planet for decades to come. We welcome the opportunity to work with Ørsted, as well as with entrepreneurs using transformative technologies, to enable powerful solutions that will move the industry forward. “

This partnership is the first of its kind for Ørsted’s Innovation Hub, based in Providence, Rhode Island, which strives to identify, encourage and, where appropriate, fund companies related to offshore wind , focusing on next-generation technology and related innovation in the offshore wind power field.

About Ørsted

Ørsted’s vision is a world that runs entirely on green energy. Ørsted develops, builds and operates offshore and onshore wind farms, solar farms, energy storage facilities and bioenergy plants, and supplies energy products to its customers. Ørsted ranks as the world’s most sustainable energy company in the 2021 Corporate Knights Index of the World’s 100 Most Sustainable Companies and is recognized on the CDP’s A List on Climate Change as a global leader in climate action. Based in Denmark, Ørsted employs 6,311 people. Ørsted shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group’s turnover amounted to 52.6 billion Danish kroner (7.1 billion euros). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.

About Newlab

Newlab is a community of experts and innovators applying transformative technology to solve the world’s greatest challenges. Newlab Members and Studios bring together entrepreneurs, engineers, inventors and industry leaders to create sustainable solutions and businesses. Newlab uses technologies like robotics, AI and materials science to transform what matters most: health, environment, media, cities and infrastructure.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210615006038/en/

CONTACT: Angelina Mah

newlab@berlinrosen.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE UTILITIES ALTERNATIVE ENERGY ENERGY TECHNOLOGY CONSTRUCTION AND REAL ESTATE ENVIRONMENT ENGINEERING SCIENCE URBAN PLANNING OTHER TECHNOLOGIES OTHERS SCIENCE MANUFACTURING

SOURCE: Newlab

Copyright Business Wire 2021.

PUB: 06/15/2021 13:07 / DISC: 06/15/2021 13:07

http://www.businesswire.com/news/home/20210615006038/en

Copyright Business Wire 2021.