Uniper

Uniper SE is a German multinational energy company headquartered in Düsseldorf and active in more than 40 countries. Formed in 2016 from the separation of E.ON’s fossil-fuel business, it has been a state-owned enterprise under the German government since late 2022 and remains listed on the Frankfurt Stock Exchange. Uniper employs around 7,000 people and is among the largest European energy companies by revenue, reporting €107.9 billion in revenue and 6,863 employees in 2023. Its core businesses are flexible power generation in Europe, global energy trading and optimization, and a broad gas portfolio that includes procurement, transport, storage, and wholesale sales of natural gas and LNG. Operationally, Uniper runs about 18.5 GW of power generation capacity in Europe, spanning gas, hydropower, nuclear, and a diminishing coal fleet, with major positions in Germany, the UK, Sweden, and the Netherlands. It is Germany’s largest hydropower operator and a significant operator of Swedish nuclear and hydropower assets, and maintains gas-fired and coal/biomass capacity in the Netherlands. The company is one of Europe’s largest gas storage operators, with roughly 80–82 TWh of underground storage in Germany, Austria, and the UK, and is a leading midstream gas trader and LNG importer in Northwest Europe. Its trading arm, Uniper Global Commodities, manages a diversified global commodity portfolio and provides risk management and market solutions to municipal utilities, industrial customers, and grid operators. Strategically, Uniper positions itself as a pillar of European security of supply while transforming towards low-carbon energy. It plans to invest about €8 billion through the early 2030s, adding flexible gas-fired and renewable generation, expanding its hydrogen and biomethane activities, and repurposing parts of its gas infrastructure for hydrogen. Group-wide, Uniper targets carbon neutrality across Scope 1–3 emissions by 2040, aims for 15–20 GW of largely decarbonizable capacity by 2030, and is phasing out coal. The company pursues power-to-gas and hydrogen projects, including electrolyser deployments and ammonia cracking, and uses advanced analytics and algorithmic trading to optimize its asset and contract portfolio in increasingly volatile energy markets.