Billionaire Forrest’s FFI to announce 'big investments' in new hydrogen electrolyser factories
Fortescue Future Industries’ new chief executive says company’s under-construction 2GW plant will not be sufficient to meet demand
Fortescue Future Industries (FFI) is planning to increase its electrolyser manufacturing output because its 2GW factory being built in Queensland, Australia, will not be sufficient to meet demand, according to the company’s new chief executive, Mark Hutchinson.
Hydrogen: hype, hope and the hard truths around its role in the energy transition
“Once we get going at scale and just looking at the projects we have, it’s enormous,” said Hutchinson, a former CEO of GE Europe. Meeting the 15-million-tonne target would create an “energy business way bigger than the iron ore business”, he added.
“When I think about how big this market is, it’s as big as replacing the entire fossil fuel market in the world, and it’s real now,” added Hutchinson.