Uniper to spend €500mn on green businesses in 2022
Germany energy company anticipates key role in hydrogen economy and is ready to invest in new gas-fired power plants, CEO Klaus-Dieter Maubach says
German energy company Uniper is “slowly gathering speed” in the renewables sector and plans to spend €500mn ($566mn) this year on green growth businesses, according to CEO Klaus-Dieter Maubach. The money will go primarily towards renewables, green gases and green thermal generation. “That we are not a renewables frontrunner is no secret,” Maubach said in comments prepared for the company’s 2021 results presentation. Uniper—in which Finnish energy company Fortum holds a majority stake—is well placed to help drive the hydrogen economy in Germany and in Europe, says Maubach. “All our current gas activities—our experience in trading, structuring, marketing, transport and storage—all of it is app
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence