Fortescue, a mining giant based in Perth, Australia, has announced its intention to increase investment in green energy technology. Despite scaling back its ambitions to produce 15 million tonnes of green hydrogen by 2030 due to high costs and the immense renewable energy required for production, Fortescue's founder and executive chairman, Andrew Forrest, remains committed to the development of zero-emissions hydrogen. The company merged its green energy and iron ore divisions to optimize costs and reduce duplication. Fortescue's Energy boss, Mark Hutchinson, assured investors of the company's unwavering dedication to scaling up and commercializing green hydrogen. The capital expenditure for the energy division was raised to $500 million, emphasizing the importance of financial viability in projects. The focus on green hydrogen is part of Fortescue's broader strategy to promote renewable energy sources and reduce carbon emissions. Despite the challenges in cost and scalability, Fortescue plans to initiate green hydrogen projects in various countries, including Australia, the United States, Norway, and Brazil, with future projects planned for Morocco, Oman, Egypt, and Jordan. The company aims to work with economies to reduce electricity costs and make green hydrogen production more economically feasible. As Fortescue pushes forward with its green hydrogen strategy, the company also reported record quarterly iron ore exports from its Western Australian mines. The success in iron ore exports reflects the efficiency gains from the company's recovery plan. Overall, Fortescue's focus on green hydrogen showcases a positive commitment to sustainability and clean energy amidst the challenges of cost and scalability.