Siemens and Uniper partner to decarbonize power generation

April 22, 2020
Owning the Energy Transition More...
by Benjamin Torda
Very important

The German companies announced a partnership on sector coupling and power generation decarbonization. While short on details, hydrogen and green hydrogen were the major theme. We previously noted it was likely that Uniper would focus on its gas grid and generating assets, and its  announcement highlights the potential of existing gas turbines and gas storage facilities to use hydrogen and mentions the role hydrogen could play in coal power plants; Uniper plans to close or convert its German coal-fired power plants by 2025 and reach climate-neutral power generation in Europe by 2035. Clients should realize that using green hydrogen to power turbines is inefficient but will find a use case in avoiding stranded thermal power generation assets.

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