FFI announces WAE acquisition plans to achieve carbon neutrality

Fortescue Future Industries (FFI) has today (Jan 24) entered into an agreement to acquire Williams Advanced Engineering (WAE) as it targets net-zero by 2030 with both hydrogen and battery technologies.

An offshoot of the Williams Formula 1 team, WAE is well-recognised for its projects in high battery performance and electrification. This, paired with FFI’s withstanding expertise in green hydrogen production, will act as a key for reducing emissions across various sectors.

Dr Andrew Forrest, founder and Chairman of FFI, said, “This is the race of our lifetimes – the race to save the planet from cooking. The speed at which we move matters. Together FFI and WAE will work to decarbonise Fortescue – with the aim of achieving that faster and more effectively than anyone else in the world.

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