Amidst shifting political dynamics, Fortescue Metals Group is re-evaluating its commitment to nearly $1 billion in approved hydrogen projects both in Australia and the United States.
In May 2024, the South Australian government, alongside federal counterparts, announced the deferral of a 600-million-dollar green hydrogen facility in Whyalla, redirecting funds into a 2.4 billion state-federal package to stabilize the region’s steelworks.
Nikola Corporation has filed for Chapter 11 bankruptcy protection, a stark development two years after its highly publicized rise as a leader in hydrogen fuel cell technology.
