Mark Hutchinson, FFI CEO, says Gladstone facility will move ahead as planned
Plug walks away from FFI’s Gladstone gigafactory
Australian developer will manufacture in-house technology instead, as Plug argues it can get better value elsewhere
US green hydrogen technology firm Plug Power has confirmed it will no longer partner with Australia’s Fortescue Future Industries (FFI) on its 2GW/yr electrolyser manufacturing facility in Gladstone. “We decided we did not want to build a factory with them because we saw the economics; we could do better,” Plug CEO Andy Marsh explained on a recent analyst call. “So we really did not think that was worthwhile to move ahead.” FFI CEO Mark Hutchinson argues the firm has been developing its own proton-exchange-membrane (PEM) and alkaline electrolyser technology and is well-positioned to take the Gladstone facility forward on its own. “Plug Power is very much locked into a certain technology and
Also in this section
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
13 January 2025
IEA urges Netherlands to give clean hydrogen investors greater certainty over industrial consumption
