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Uniper

Uniper SE
Company typeState-owned enterprise (Societas Europaea)
FWB: UN01
MDAX Component
ISINDE000UNSE018
IndustryElectric utility
FoundedJanuary 1, 2016 (2016-01-01)
Headquarters
Düsseldorf
,
Germany
Area served
Europe
United States
Key people
Michael Lewis, CEO
ProductsElectrical power
Natural gas
Revenue€107.915 billion (2023)
€6.308 billion (2023)
Total assets€64.694 billion (2023)
OwnerGovernment of Germany
Number of employees
6,863 (2023)
SubsidiariesUnipro
Websitewww.uniper.energy

Uniper SE is a German multinational energy company based in Düsseldorf, Germany, which has been a state-owned enterprise since late 2022. It is one of the biggest energy companies by revenue in Europe.[1] The name of the company is a portmanteau of "unique" and "performance",[2][3] which was given by long-term employee Gregor Recke.[4] Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016.[5] In 2019, the company employed about 6,800 people in over 40 countries.[6][7] In 2018, around one-third of the employees were based in Germany.[8] Until 2022, it owned a subsidiary company in Russia called Unipro. Uniper was listed on the Frankfurt Stock Exchange.

The company has faced criticism for opening new coal-fueled power plants in Germany as recently as May 2020.[9] Uniper was one of the financiers of the Nord Stream 2 project, which the German government suspended two days before the 2022 Russian invasion of Ukraine.[10] The company was nationalised in December 2022.[11]

  1. ^ "Fortune Global 500 – the largest companies in the world by revenue".
  2. ^ Steitz, Christophe (27 April 2015). "E.ON CFO Schaefer to head future spin-off Uniper". Reuters. Archived from the original on January 30, 2016. Retrieved 24 February 2016.
  3. ^ Timperley, Jocelyn (4 January 2016). "E.ON completes split of fossil fuel and renewable operations". BusinessGreen. Retrieved 23 February 2016.
  4. ^ "Gregor Recke". Retrieved 26 September 2018.
  5. ^ "Joint Spin-off Report of the boards of management of E.ON SE, DÜSSELDORF and Uniper SE, DÜSSELDORF regarding the spin-off of a majority stake in the Uniper Group" (PDF). eon.com. Archived from the original (PDF) on 2018-09-26.
  6. ^ "Our profile". Uniper. Retrieved 2019-07-25.
  7. ^ "Energy Services – International offices | Uniper". Uniper. Retrieved 2018-09-26.
  8. ^ Bauchmüller, Michael (7 December 2018). "Vier Euro als Argument". Süddeutsche Zeitung. Retrieved 26 September 2018.
  9. ^ "Controversial German Coal-Fired Power Plant to Start This Week". Bloomberg.com. 27 May 2020.
  10. ^ "Uniper not looking at legal action on Nord Stream 2 - for now". Reuters. 2022-02-23. Retrieved 2022-03-01.
  11. ^ "Germany completes nationalization of Uniper - ministries". Reuters. 2022-12-22. Retrieved 2023-05-09.

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