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Fortescue announces Global Green Energy centre

Fortescue Future Industries (FFI), the 100% renewable energy and industry initiative of Fortescue Metals Group announced the construction of the world’s largest electrolyser, renewable industry and equipment manufacturing centre at Gladstone, Queensland.

The Global Green Energy Manufacturing centre (GEM) will be the first in a series of centres that it is expected will transform regional Australia through the manufacture of equipment that is critical to the generation of renewable energy and green hydrogen. The GEM will include the manufacture of wind turbines, solar photovoltaic cells, electrolysers, long-range electric cabling, electrification systems and associated infrastructure.

Stage one of the six-stage project will establish Australia’s first multi-gigawatt-scale electrolyser factory, with an initial capacity of 2 gigawatts per annum – more than double current production globally. Fortescue noted that subject to customer demand, the investment could be up to US$650 million. The initial electrolyser investment is expected to be US$83 million.

Construction of GEM will commence in February 2022, following final approvals, with the first electrolysers scheduled off the production line in early 2023.

Established under a landmark agreement with the Queensland government, the GEM will be a key enabler to Fortescue achieving its target of carbon neutrality by 2030.

FFI Chief Executive Officer, Julie Shuttleworth AM said, “FFI’s goal is to become the world’s leading, fully renewable energy and green products company, powering the Australian economy and creating jobs for Australia as we transition away from fossil fuels. Our manufacturing arm, starting with electrolysers and expanding to all other required green industry products, will herald great potential for green manufacturing and employment in regional Australia.”

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