Uniper SE, Germany’s largest natural gas buyer, said Tuesday it would invest nearly $9 billion through 2030 to accelerate its transformation into a “greener company” less than a year after it was nationalized amid one of the worst energy crises in Europe’s history. 


The newly appointed management team said it would invest for a “massive increase” in renewables and “green gasses,” such as hydrogen and renewable natural gas. The company would also invest to maximize its existing hydro and nuclear power fleet to build a more flexible energy supply that would make it less susceptible to the whims of the global energy market. 

Uniper exhausted capital and went into debt last year trying to fulfill customer contracts with replacement supplies as Russia slowly shut off...