Uniper maps out steps to boost Wilhelmshaven hydrogen port
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 14 2024
0mins
Source: reuters
- Uniper's Clean Energy Projects: Uniper, a German utility company, plans to focus on talks with a major customer and developing hydrogen storage facilities after winning EU support for two clean energy projects in Wilhelmshaven.
- Decarbonization Strategy: Uniper aims to use the deep water port of Wilhelmshaven as a reception point for ammonia carrying imported hydrogen, storing, and transporting it as part of its decarbonization strategy.
- Projects of Common Interest (PCI): Uniper's ammonia terminal and a 1 GW electrolysis plant were selected by the European Commission as PCI, providing advantages for planning and project speed.
- Transition to Hydrogen: Uniper plans to convert all natural gas activities to hydrogen to meet climate goals and supply customers, following the drying up of its focus on Russian gas in 2022.
- Hydrogen Storage Strategy: Uniper aims to offer 600 GWh of hydrogen storage capacity by 2030, repurposing gas storage caverns and building new sites to achieve this goal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
