The Anonymous Widower

Fortescue Future Industries Acquires Xergy Assets To Develop Hydrogen Tech Company

The title of this post, is the same as that of this article on Stockhead.

These are the first two paragraphs.

Andrew Forrest’s Fortescue Future Industries (FFI) has made yet another bold move in the ‘green-energy’ space with the acquisition of Xergy Inc and Xergy One Ltd’s commercial assets to form a new, wholly owned subsidiary called FFI Ionix Inc.

Poised to operate in the United States, FFI Ionix will function as a technology development company focused on the global commercialisation of hydrogen technologies such as ion exchange membranes for water electrolysis, electrochemical compression, water transmission and fuel cells.

It certainly appears that Andrew Forrest is building a company to handle all aspects of the production and use of green hydrogen.

He has signed deals with Argentina, JCB and Jordan.

He has been at COP26.

He is advertising on London’s taxis and at least one bus!

He has been interviewed by The Times.

I await Mr. Forrest’s next green hydrogen deal with interest.

November 6, 2021 - Posted by | Hydrogen | , , , ,

1 Comment »

  1. As well as the examples you’ve picked out I found the following
    “Dr Forrest and a big Fortescue team visited 47 countries last year, signing renewable and green energy project agreements with Papua New Guinea, Indonesia, Afghanistan, Democratic Republic of Congo, Kenya, Ethiopia and Uzbekistan.”
    “Fortescue Future Industries and Port of Açu join forces to develop green hydrogen plant in Brazil.”
    “Democratic Republic of Congo’s government said on Tuesday Fortescue Metals Group (FMG.AX) would develop the Grand Inga hydroelectric power project, including a 4,800-megawatt dam that has already been committed to Chinese and Spanish developers.”
    “Fortescue Metals Group Ltd’s FMG.AX green energy unit said on Thursday it bought a 60% stake in Dutch-based renewable firm High yield Energy Technologies (HyET) Group in a bid to cut costs and boost green energy production.”
    Fortescue are really betting big on Green Energy

    Comment by fammorris | November 6, 2021 | Reply


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