FFI founder Andrew Forrest
FFI buys US Phoenix Hydrogen Hub project
Acquisition marks Australian developer’s first major move into US hydrogen sector as it hails the impact of IRA
Australian green hydrogen developer Fortescue Future Industries (FFI) has made its first significant move into the US market by buying the Phoenix Hydrogen Hub project in Buckeye, Arizona from fuel-cell truck manufacturer Nikola for $24mn. “FFI is actively expanding its US presence and strengthening its position as a leading global developer of green energy production and technology,” said FFI CEO Mark Hutchinson. “The US is now one of the best places in the world to do this, with the Inflation Reduction Act [IRA] making it an ideal place to invest in green energy.” Phase one of the project, which is in the final stages of the permitting process, is planned to consist of an 80MW electrolyser
Also in this section
6 December 2023
COP28 declaration aims to unleash global trade through alignment of national certification systems
5 December 2023
Supply chains face short-term challenges but not fundamental barriers as clean energy technologies scale
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technologies to decarbonise, making regulation challenging
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers
