Fortescue's Unwavering Commitment to Green Hydrogen Innovation
Key Ideas
  • Fortescue's head of innovation, Larry Marshall, affirms the company's dedication to green hydrogen despite facing setbacks in Australia.
  • The company is exploring opportunities globally where the cost of renewable energy is more favorable for green hydrogen production.
  • Despite challenges, Fortescue continues to invest in and prove the viability of green hydrogen projects.
  • Marshall highlights the need for more supportive policies and incentives in Australia to make green hydrogen economically feasible.
Fortescue, led by Larry Marshall, is resolute in its pursuit of green hydrogen innovation, despite encountering hurdles such as job cuts and missed production targets. Marshall emphasized that while the journey has been challenging due to engineering and economic complexities, the company is resolutely moving forward with its most ambitious energy venture yet. Fortescue is redirecting its focus to regions with lower costs of green electrons to make green hydrogen projects financially viable. Marshall expressed disappointment in the difficulty of finding suitable hydrogen projects in Australia, citing the insufficiency of government subsidies to offset energy costs adequately. The company's determination to overcome these obstacles and drive innovation in the green energy sector remains unwavering, with Marshall advocating for more substantial support from policymakers to make green hydrogen a feasible and sustainable energy solution.
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