From an Oil Company to a Clean Energy Company

April 26, 2018 - 11:30 am

From an Oil Company to a Clean Energy Company: A Conversation with Thomas Brostrøm, President, Ørsted North America
 
 
Introduced by:
 
David Livingston 
Deputy Director for Climate & Advanced Energy, Global Energy Center
Atlantic Council
 
A conversation with:

Thomas Brostrøm
President
Ørsted North America
 
Moderated by:
 
Ambassador Richard Morningstar (Ret.)
Founding Chairman, Global Energy Center
Atlantic Council
 

Please join the Atlantic Council Global Energy Center on Thursday, April 26, 2018 from 11:30 a.m. to 12:30 p.m. for a conversation with Ørsted North America President Thomas Brostrøm as he discusses Ørsted’s transformation from an oil company to a clean energy company and lays out his perspective on the future of wind energy in the United States.

Ørsted, previously known as Danish Oil and Natural Gas, has undergone a profound transformation in recent years. In recognition of the challenge presented by climate change and the opportunities afforded by the global energy transition, the company divested its fossil fuel assets and made new investments that have seen it become one of the world’s fastest-growing and most active clean energy firms.

The company is particularly strong in the offshore wind sector, where it has used its offshore oil and natural gas experience to build a robust new business, including in the United States. With Ørsted now among those bidding to build the first utility-scale offshore wind projects along the East Coast of the United States, it is a consequential moment for both the company and the entire US wind sector.

Lunch will be provided.



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Atlantic Council
1030 15th Street NW, 12th Floor (West Tower Elevator) 
Washington, DC 

This event is open to press and on the record.

VISITING THE COUNCIL: 
Metro and parking info 

Bios

Thomas Brostrøm is the president of Ørsted’s (formerly Dong Energy) North American business. He oversees all N.A. operations, including utility-scale offshore wind development projects in Massachusetts and New Jersey. Thomas initially joined DONG Energy in Denmark in 2009 where he served as business developer and mergers & acquisitions and later head of the Renewables Strategy team. He moved to DONG Energy’s UK office in 2012. Thomas also served on the board of RenewableUK, and in 2014, was named director of commercial and market development where he oversaw all commercial and market development activities for DONG Energy Wind Power.  Prior to joining DONG Energy, Thomas was in the investment banking and venture capital business.  He studied Business Analysis & Valuation and Mergers & Acquisitions at Harvard University and received his master’s in Finance and International Business from Aarhus University in Denmark. He was also an instructor in corporate finance at Aarhus School of Business in Denmark.

David Livingston is deputy director, climate and advanced energy, of the Atlantic Council's Global Energy Center.
 
He is also a fellow of the Initiative for Sustainable Energy Policy at Johns Hopkins University, and teaches a course on energy for the University of Southern California (USC) program in Washington, DC.
 
Previously, Livingston served as a fellow at the Carnegie Endowment for International Peace, and as the inaugural Robert S. Strauss fellow for geoeconomics at the Office of the US Trade Representative, where he concluded as acting assistant US trade representative for congressional affairs.
 
He also has worked at the World Trade Organization in Geneva and at the United Nations Industrial Development Organization (UNIDO) in Vienna.
 
Livingston was selected as a Future Energy Leader by the World Energy Council, is an alumnus of the Atlantik Brücke Young Leaders Program, and serves on the advisory board of South by Southwest (SXSW) Cities and a number of social enterprise start-ups.
 
He earned a BA from the University of Southern California in Los Angeles, and an MSc with distinction from the University of Oxford in the United Kingdom.
 
Amb. Richard Morningstar is the founding chairman of the Global Energy Center at the Atlantic Council. He served as the US ambassador to the Republic of Azerbaijan from July 2012 to August 2014. Prior to his appointment, since April 2009, he was the secretary of state's special envoy for Eurasian energy. Prior to that, Morningstar lectured at the Kennedy School of Government at Harvard and Stanford Law School. From June 1999 to September 2001, he served as US ambassador to the European Union. Prior to this, Morningstar served as special adviser to the president and secretary of state for Caspian Basin energy diplomacy, where he was responsible for assuring maximum coordination within the executive branch and with other governments and international organizations to promote United States policies on Caspian Basin energy development and transportation. From April 1995 to July 1998, he served as ambassador and special adviser to the president and secretary of state on assistance for the new independent states of the former Soviet Union. From 1993 to 1995, he served as senior vice president of the Overseas Private Investment Corporation (OPIC). Morningstar also served as chairman of the board and chief executive officer of the Costar Corporation from 1990 to 1993, and as president and chief executive officer from 1981 to 1990. He was an attorney with Peabody and Brown (now Nixon and Peabody) in Boston from 1970 to 1981, where he became a partner in 1977. Morningstar served as a commissioner of the National Conference of Commissioners on Uniform State Laws (1989–93). Prior to returning to the government in 2009, he served as director of the American Councils for International Education, a trustee of the Kosovo-America Educational Foundation, and a trustee of the Eurasia Foundation. He is a member of the Council on Foreign Relations. Morningstar received his BA from Harvard in 1967 and JD from Stanford Law School in 1970.
 

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