illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:

🗞️ Driving the news: Denmark's Orsted is shutting down its last coal-fired power units this week, marking a significant step in its shift to renewable energy
• The company will close its Esbjerg coal-fired plant and a coal-fired unit at the Studstrup plant by Saturday
• This move aligns with Orsted's goal of achieving a 99% green energy share by 2025

🔭 The context: Orsted, formerly known as DONG Energy, has been transitioning away from fossil fuels since selling its oil and gas business in 2017
• The company had initially planned to phase out coal by March 2023 but extended operations due to government orders amid the energy crisis caused by the Ukraine conflict
• The current shutdown is in line with the expiration of these government mandates

🌍 Why it matters for the planet: Orsted's closure of its last coal-fired power units underscores a broader commitment to combating climate change by reducing reliance on fossil fuels
• This transition supports global efforts to limit carbon emissions and promote renewable energy sources

⏭️ What's next: As Orsted nears its goal of almost complete reliance on green energy, other energy companies may be encouraged to accelerate their own transitions to renewables
• This shift could influence energy policies and inspire further innovation in renewable technologies

💬 One quote: "With the close down of the heat and power plant, we're well on track to becoming the first major energy company to completely transform its energy production from fossil fuels to renewable energy," said Ole Thomsen, Orsted's head of bioenergy

📈 One stat: In 2008, 85% of Orsted's heat and power production was based on fossil fuels

Click for more news covering the latest on energy transition