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