Uniper has a significant portfolio of hydrogen projects
Uniper reiterates commitment to hydrogen projects
Hydrogen portfolio remains on track in wake of last month’s government bailout, German energy company tells Hydrogen Economist
German energy company Uniper has reiterated its commitment to its portfolio of clean hydrogen projects after last month’s government bailout. The German government last month took a 30pc stake in Uniper as part of an emergency rescue package after cuts to its Russian gas imports and spiking European wholesale gas prices threatened the company’s financial stability. Berlin’s stake was engineered via a capital increase of about €267mn ($273mn) and the dilution of the majority share owned by Finnish energy group Fortum. The package also included an increased credit line of €9bn from state-owned bank KfW to secure Uniper’s liquidity. “As of now, all our [hydrogen] commitments stand as communicat
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
