Our flexible assets - especially our gas turbines and hydro plants - can ramp up at short notice, enabling them to balance out fluctuations in wind and solar output. As renewables increasingly dominate Europe’s grids, this agility will be vital to keeping the power system reliable and resilient.

Our power portfolio is diverse, and we are committed to steadily transforming it to contribute to the energy transition. We’re closing coal-fired power plants, converting some of them to gas, sourcing green power from numerous producers of renewable energy, as well as building our own wind and solar farms. We’re also exploring options to make our gas-fired power plants even climate-friendlier. This includes converting them to run on low-carbon and renewable hydrogen or biofuels or capturing and storing their carbon emissions. This would make one of our key capabilities - providing flexible power - carbon-neutral. It’s all part of our commitment for our entire business to be carbon-neutral by 2040. We intend to be more than halfway there by 2030.

Uniper is also one of Europe’s leading gas traders. Our diversified portfolio consists of over 130 TWh of long-term LNG and pipeline gas contracts, as well as short- and medium-term market transactions. In addition, Uniper is at the forefront of developing and integrating renewable and low-carbon gases, including hydrogen.