Uniper and Kyuden International Partner to Expand Hydrogen and Ammonia Trading in Global Energy Market

Uniper and Kyuden International Partner to Expand Hydrogen and Ammonia Trading in Global Energy Market

(IN BRIEF) Uniper SE and Kyuden International Corporation have signed a Memorandum of Understanding (MoU) to collaborate in hydrogen and ammonia trading, renewable energy, and carbon capture utilization and storage (CCUS). The partnership combines Uniper’s global portfolio of low-carbon and green ammonia with Kyuden International’s operations in Asia and beyond. The aim is to expand business opportunities in both Europe and Asia, leveraging each company’s strengths to promote decarbonization efforts and sustainable energy solutions. Both companies are committed to furthering the partnership and creating impactful solutions for a sustainable future.

(PRESS RELEASE) DÜSSELDORF, 12-Feb-2025 — /EuropaWire/ — Uniper SE, a German energy company, and Kyuden International Corporation, a member of the Kyuden Group, have formalized a strategic partnership by signing a Memorandum of Understanding (MoU) focused on expanding business activities in hydrogen and ammonia trading, renewable energy, and carbon capture utilization and storage (CCUS).

The agreement is designed to foster business opportunities in the trading of low-carbon and green ammonia, as well as hydrogen derivatives, by combining Uniper’s global portfolio with Kyuden International’s strong presence in Asia and beyond. The collaboration also looks to support Kyuden International’s expansion in Europe, capitalizing on Uniper’s deep expertise in developing flexible and dispatchable power generation solutions across its core European markets.

Both companies are committed to furthering their collaboration with a shared goal of creating a more sustainable future. By joining forces, they aim to push forward with innovative energy solutions and contribute to the global decarbonization agenda.

Andreas Gemballa, CCO of Global Origination at Uniper, expressed enthusiasm about the partnership, stating, “We are excited to collaborate with Kyuden International. Through this multifaceted partnership, we aim to drive the development of sustainable solutions, contributing to Japan’s decarbonization efforts while uncovering new business opportunities. We are eager to combine our expertise and create meaningful impacts together.”

Takashi Mitsuyoshi, President of Kyuden International, also commented, “Partnering with Uniper provides an excellent opportunity to expand our business in Europe and other regions, leveraging their extensive experience. Likewise, Uniper will benefit from our strong presence and knowledge in Asia. This synergy is set to foster mutual growth and help us deliver optimal solutions to customers worldwide.”

The collaboration between Uniper and Kyuden International is expected to play a pivotal role in advancing sustainable energy solutions and addressing the energy challenges of the future.

About Kyuden Group and Kyuden International

The Kyuden Group is a leading energy company in Japan, reporting a net income of $1.1 billion in FY2023. The parent company of the Kyuden Group, Kyushu Electric Power Company, has been supplying electricity to more than 7 million homes and businesses for over 70 years in the Kyushu region in the south of Japan. Its primary goal is to provide safe, reliable, and affordable energy while striving to achieve Carbon Neutrality by 2050. Kyushu Electric Power is actively driving the transition to a sustainable society by investing in nuclear power, expanding renewable energy production, and implementing climate-smart energy solutions.

Leveraging the technology, expertise, and network developed through the Group’s domestic and global operations, Kyuden International engages in power generation, power distribution, and other businesses across Asia and beyond. Kyuden International intends to expand business development opportunities by cooperating with various business entities and promoting initiatives that contribute to low-carbon and decarbonization efforts tailored to the specific circumstances in each country. These efforts support the Group’s vision of achieving a carbon-neutral society.

About Uniper

Düsseldorf-based Uniper is a European energy company with global reach and activities in more than 40 countries. With approximately 7,400 employees, the company makes an important contribution to security of supply in Europe, particularly in its core markets of Germany, the UK, Sweden and the Netherlands.

Uniper’s operations encompass power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas—including liquefied natural gas (LNG)—and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.

Uniper intends to be completely carbon-neutral by 2040. Uniper aims for its installed power generating capacity to be more than 80% zero-carbon by the early 2030s. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generating units. Uniper is already one of Europe’s largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. The company is progressively expanding its gas portfolio to include green gases like hydrogen and biomethane and aims to convert to these gases over the long term.

Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.

This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

Media Contact:

Maike Dupont
VP Commercial Communication
T +49 173-2 77 03 13
maike.dupont@uniper.energy

SOURCE: Uniper SE