Copenhagen (energate) - The Danish energy group Dong is giving itself a new name. In the future, the company will operate under the brand "Ørsted", it announced following an extraordinary general meeting. The group justifies the step with the change to a "green energy company". Dong Energy wants to exit coal-fired power by 2023 ( energate reported ) and had recently separated from its oil and gas division ( energate reported ). The company's management explained that the previous name, which stands for "Danish Oil and Natural Gas", no longer fits this new orientation. The Danish scientist Hans Christian Örsted (1777-1851) gave his name to the new brand. He is considered a co-founder of electricity and electrical engineering and discovered the magnetic effect of electric current around 1820, Dong Energy explained. Shareholders are expected to approve the name change at a general meeting on 30 October. The launch of the new corporate identity is scheduled for 6 November, it said. /rb