Andrew Forrest's Ambitious Green Energy Vision and Battery Project Scrapped
Key Ideas
  • Andrew Forrest's vision for green hydrogen production and 'real zero' emissions is ambitious, along with plans for powerful EV fast chargers for electric haul trucks.
  • Squadron Energy, owned by Andrew and Nicola Forrest, has scrapped a 30 MW, 30 MWh Sapphire battery project in New England deemed too small for their scale and strategy.
  • Despite the setback, Squadron Energy is focused on larger renewable energy projects, including wind and solar farms with massive storage capacities to contribute to the clean energy transition.
  • The company aims to reach 12 GW of wind, solar, and storage capacity, with projects like the Gol Gol and Koorakee energy hub planning to have the world's largest battery installations.
Australian billionaire Andrew Forrest, known for his grand visions in the energy sector, is pushing for green hydrogen production and 'real zero' emissions at his Pilbara iron ore mines. His company is developing powerful EV fast chargers for 240-tonne electric haul trucks. Despite previous achievements, such as the cancellation of the 30 MW, 30 MWh Sapphire battery project in New England due to its small size, Forrest's Squadron Energy is aiming for larger renewable energy projects. The company plans to focus on projects with significant storage capacities, like the Gol Gol and Koorakee energy hub, which could potentially have the world's largest battery installations. Squadron Energy's goal is to contribute to the clean energy transition by investing in wind, solar, and storage projects on a massive scale.
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