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January 27, 2023

Fortescue to make own electrolysers after joint venture collapses

Fortescue will manufacture electrolysers developed in-house at its $114 million production facility being developed in Gladstone following the collapse of its partnership with US-based supplier Plug Power. Although Plug Power Electrolysers will not be produced from the facility, they may still be supplied to other Fortescue projects, according to Fortescue Future Industries (FFI) chief executive…

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October 5, 2022

FFI invests $200m in green hydrogen facility in Germany

As part of its accelerated global push into renewables, Fortescue Future Industries has entered a $200 million strategic collaboration with infrastructure developer Tree Energy Solutions (TES) to fast-track the development of a green hydrogen import facility in Germany. Fortescue told the ASX on Wednesday FFI would invest €30 million (A$46 million) to become a shareholder…

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September 20, 2022

Fortescue’s $9bn decarbonisation plan for mining operations

Andrew Forrest’s $9 billion package to accelerate the decarbonisation of iron ore giant Fortescue’s operations by 2030 includes the mass deployment of more renewable energy as part of an accelerated plan “to transition to the post fossil fuel era.” The US$6.2 billion (AU$9.24 million) will be mostly invested in financial years 2024-28 and includes the…

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March 30, 2022

FFI targets 5 million tons of European hydrogen exports by 2030

Fortescue Future Industries has signed a $50 billion agreement with a European utility company to distribute its green hydrogen to the continent. Working with German utility company E.ON, Fortescue Future Industries (FFI) plans to export up to five million tonnes of green hydrogen to Europe by 2030. This is equivalent to about one third of…

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March 1, 2022

Fortescue unveils world-first electric train using gravity to recharge

Fortescue has announced the development on an electric train that recharges itself using gravity, as the Australian resources giant finalises its acquisition of UK-based Williams Advanced Engineering. Fortescue is dedicating $50 million, in partnership with Williams Advanced Engineering (WAE), for research and development on the Infinity Train, which fully recharges its battery using gravitational energy…

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February 28, 2022

Forrest buys $3b renewables farm, FFI hydrogen hub gets underway

As the ground broke on the world’s largest electrolyser production facility, Fortescue Future Industries chairman Andrew Forrest announced Tattarang’s $3 billion acquisition of the largest renewables farm in the southern hemisphere. On Sunday Mr Forrest announced the acquisition of Clarke Creek wind, solar and battery farm while attending the sod-turning ceremony for the construction of…

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Category: FFI

Fortescue to make own electrolysers after joint venture collapses

FFI invests $200m in green hydrogen facility in Germany

Fortescue’s $9bn decarbonisation plan for mining operations

FFI targets 5 million tons of European hydrogen exports by 2030

Fortescue unveils world-first electric train using gravity to recharge

Forrest buys $3b renewables farm, FFI hydrogen hub gets underway