Uniper to slow green overhaul

“We are now less optimistic about the timeline regarding the implementation of a green hydrogen economy,” finance chief Jutta Doenges told analysts. — Reuters

FRANKFURT: German state-owned utility Uniper has warned that it was likely to slow down a planned US$8.7bil investment in cleaner fuels amid slower than expected demand for hydrogen from industry.

The comments reflect growing scepticism among German companies about whether long-standing government plans to rely more heavily on hydrogen to cut emissions are realistic and affordable.