Uniper, a leading global energy company, is making significant strides in its commitment to decarbonization and green energy solutions.
The company’s ambitious new strategy aims to accelerate its transformation into a greener and more sustainable entity. With exceptionally strong first-half earnings and a clear vision for the future, Uniper is poised to play a key role in the global energy transition.
Uniper’s new strategy revolves around four key focus areas: Customers, Green and Flexible Power, Greener Gases, and Optimization. The company is dedicated to supporting the energy transition of its customers, providing them with bespoke green and flexible power and gas products. Uniper plans to adapt its power plants and assets, invest in solar and wind farms, and significantly grow its green power generation capacity. By 2030, Uniper aims for over 80% of its installed generating capacity to be zero-carbon, and it is on track to phase out coal-fired power generation by 2029 at the latest. The company has brought forward its carbon-neutrality target from 2050 to 2040 and aims for group-wide carbon neutrality for its Scope 1 and 2 emissions by 2035.
Uniper is committed to gradually decarbonizing its gas business by incorporating green gases like hydrogen. The company plans for 5% to 10% of its portfolio to consist of green gases by 2030. Repurposing existing gas storage facilities for hydrogen storage is also part of Uniper’s green transformation plan. With hydrogen emerging as a promising clean energy solution, Uniper is positioning itself at the forefront of this innovative energy technology.
Uniper’s dedication to its green transformation is evident in its planned investments. The company intends to invest over €8 billion through 2030 to accelerate its green initiatives, a significant increase compared to its previous average annual investments. This substantial commitment underscores Uniper’s determination to drive positive change in the energy sector and contribute to a greener and more sustainable future.
Uniper’s strong financial recovery and successful stabilization have provided the company with the opportunity for new growth and corporate transformation. The company reported an exceptionally strong first-half earnings, with adjusted EBIT of €3.7 billion and adjusted net income of €2.5 billion. Uniper’s positive operating performance and hedging transactions in a favorable market environment contributed to its impressive results.
With its clear vision, strategic objectives, and commitment to sustainability, Uniper is setting a remarkable example in the global energy landscape. The company’s accelerated green transformation and dedication to carbon neutrality by 2040 demonstrate its leadership in the fight against climate change. By embracing hydrogen and investing in green power generation, Uniper is taking significant steps towards a greener tomorrow and paving the way for a more sustainable energy future.
