Australian companies Fortescue and Woodside find their ambitious hydrogen projects at risk due to proposed rule changes by the United States. The changes could potentially exclude them from accessing cash incentives under the Inflation Reduction Act (IRA), valued at billions of dollars.
Fortescue has secured €200 million ($219 million) in EU funding for its Holmaneset project, a 300MW green hydrogen and ammonia plant situated west of Svelgen, Norway.
Fortescue and HTEC ink green hydrogen MoU A Memorandum of Understanding (MOU) for a green hydrogen project in Canada that…
Fortescue Metals Group (FMG), under the leadership of Andrew Forrest, is set to embark on a $1.14 billion journey into the green hydrogen landscape, spanning multiple continents.
Andrew Forrest, the head of Fortescue, one of the world’s largest mining companies, unveiled plans for a substantial $5 billion investment in a green hydrogen project located in the Pecém Industrial and Port Complex in Ceará, northeastern Brazil.
Plug Power and Fortescue have signed a Memorandum of Understanding (MOU) to evaluate the potential supply of a range of capital equipment for green hydrogen production projects in North America and Australia.
Fortescue has announced that it has become a lead investor in Electric Hydrogen (EH2), a US-based electrolyser startup. The company has also signed a framework procurement agreement to supply 1 gigawatt of EH2’s electrolyser systems to Fortescue’s green hydrogen projects in the US and globally.
As Fortescue Metals Group sets its sights on a greener energy future, the company is strategically recalibrating its ambitions in the realm of green hydrogen.
Fortescue, an Australian powerhouse, is on the cusp of a groundbreaking stride in green energy as it anticipates a preliminary license for a green hydrogen plant at the Port of Pecém in Ceará, Brazil.
Fortescue Metals Group, one of the world’s leading iron ore producers, has taken a significant step towards reducing emissions in…
