Uniper SE said Tuesday it has identified over 10 of its electricity generation sites that have suitable infrastructure to support co-located data centers.
“Uniper intends to tap into new revenue opportunities by locating data centers at suitable power plant sites”, the German power and gas utility said in its financial report for the first half (H1) of 2026.
Located near European data corridors, the projects have reached “an advanced stage of development”, Uniper said. “Additional financial investment decisions are expected in the remainder of 2026”.
The expansion into data centers is in addition to Uniper’s projected investment of around EUR 5 billion ($5.77 billion) in Europe between 2025 and 2030, the report said. Uniper expects over half of the amount to go to Germany.
“A sharper investment focus, billions of planned investments in flexible generation, renewable energy and the expansion of the gas procurement portfolio underscore Uniper’s key role in ensuring a secure, predictable and reliable energy supply for Europe over the long term”, Uniper said Tuesday.
For the January-June period it reported EUR 557 million in net profit and EUR 388 million in net profit adjusted for nonrecurring items, substantially up year-on-year from EUR 267 million and EUR 135 million respectively.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) more than doubled year-over-year to EUR 711 million for H1 2026.
The Green Generation segment delivered EUR 302 million in adjusted EBITDA, down from EUR 420 million for H1 2025. “The unscheduled unavailability of Oskarshamn 3 nuclear power plant, which began in February 2026, led to a reduction in power production and thus to lower earnings at the company’s nuclear business in Sweden”, Uniper said. “Oskarshamn has been operational again since July 10.
“By contrast, the hydropower business in Sweden had a positive impact on earnings. Earnings at Uniper’s hydropower business in Germany were adversely affected by a decline in earnings on hedging transactions and by exceptionally low water flow”.
Flexible Generation recorded EUR 286 million in adjusted EBITDA, down from EUR 333 million for H1 2025. “The absence of positive non-recurring effects from the settlement of legal disputes was the primary factor”, Uniper said. “Higher earnings from the U.K. capacity market partially offset this. In addition, the fossil trading margin increased year-on-year because of market conditions”.
Greener Commodities registered EUR 260 million in adjusted EBITDA, compared to a negative figure of EUR 296 million for H1 2025. “The main factor was the gas business, where generally profitable optimization activities from the past still had a significant adverse impact on prior-year earnings”, Uniper said. “This negative effect no longer exists in 2026”.
Electricity sales fell to 61.6 billion kilowatt hours (BkWh) in H1 2026 from 65.1 BkWh in H1 2025. Gas sales rose to 553 BkWh from 533.3 BkWh.
“Thanks in particular to strong operating cash flow of EUR 1,982 million, Uniper’s economic net cash position of EUR 4,548 million remains high”, declared Uniper, government-owned since its bailout by Germany in late 2022.
Chief financial officer Christian Barr said, “Our balance sheet is strong – with roughly EUR 12 billion in equity and a solid net-cash position. This gives us the flexibility to finance our investment program on our own”.
“Reliability, adaptability and financial strength are crucial prerequisites for lasting success in our industry. Uniper has built up this strength over the past few years and stands on a solid foundation”, said chief executive Michael Lewis.