Loading...
Loading...
Fortescue acquires 60% stake in HyET as it eyes supplying 15 million tonnes of green hydrogen by 2030

Fortescue acquires 60% stake in HyET as it eyes supplying 15 million tonnes of green hydrogen by 2030

Fortescue Future Industries (FFI) has extended its reach into the hydrogen ecosystem with the acquisition of a 60% stake in High Yield Energy Technologies (HyET) as the group targets supplying 15 million tonnes of green hydrogen by 2030.

As well as acquiring a 60% stake in HyET, FFI is also providing a majority share of financing for the expansion of a HyET solar PV factory.

With this, the renewable energy generated at the site could also be used to produce green hydrogen.

This could ultimately drive down the cost of green hydrogen with more of the clean energy carrier available for the market.

... to continue reading you must be subscribed

Subscribe Today

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...