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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

[1]Uniper SE ([ˈjuːnipɚ]) is a German multinational energy company based in Düsseldorf, Germany, which has been a state-owned enterprise since late 2022. It is the biggest energy company by revenue in the world.[2] The name of the company is a portmanteau of "unique" and "performance",[3][4] which was given by long-term employee Gregor Recke.[5] Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016.[6] In 2019, the company employed about 6,800 people in over 40 countries.[7][8] In 2018, around one-third of the employees were based in Germany.[9] 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.[10] 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.[11] The company was nationalised in December 2022.[12]

  1. ^ Ahmed, Jibon. [mozila "Vip"]. {{cite web}}: Check |url= value (help)CS1 maint: url-status (link)
  2. ^ "Fortune Global 500 – the largest companies in the world by revenue".
  3. ^ Steitz, Christophe (27 April 2015). "E.ON CFO Schaefer to head future spin-off Uniper". Reuters. Retrieved 24 February 2016.
  4. ^ Timperley, Jocelyn (4 January 2016). "E.ON completes split of fossil fuel and renewable operations". BusinessGreen. Retrieved 23 February 2016.
  5. ^ "Gregor Recke". Retrieved 26 September 2018.
  6. ^ "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.
  7. ^ "Our profile". Uniper. Retrieved 2019-07-25.
  8. ^ "Energy Services – International offices | Uniper". Uniper. Retrieved 2018-09-26.
  9. ^ Bauchmüller, Michael (7 December 2018). "Vier Euro als Argument". Süddeutsche Zeitung. Retrieved 26 September 2018.
  10. ^ "Controversial German Coal-Fired Power Plant to Start This Week". Bloomberg.com. 27 May 2020.
  11. ^ "Uniper not looking at legal action on Nord Stream 2 - for now". Reuters. 2022-02-23. Retrieved 2022-03-01.
  12. ^ "Germany completes nationalization of Uniper - ministries". Reuters. 2022-12-22. Retrieved 2023-05-09.

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