Fortescue Future Industries

Fortescue Future Industries, a subsidiary of Fortescue Metals, acquired Williams Advanced Engineering (WAE) for A$310 million. The deal aims to develop advanced battery storage systems and electrify heavy transport.

Fortescue Future Industries (FFI) signed a memorandum of understanding with JCB and Ryze for JCB to buy 10% of planned green hydrogen production from FFI.

Fortescue Future Industries will build a plant in Gladstone, Queensland, with initial capacity to produce 2 GW of electrolyzers per year, with construction starting in February 2022 and manufacturing targeted for early 2023.

Fortescue Future Industries (FFI) will construct the Global Green Energy Manufacturing Centre (GEM) in Gladstone, Queensland, with total investment up to $1 billion. Stage one includes a 2 GW electrolyser factory, with production starting in early 2023.