Fortescue has begun its first hydrogen production project in Buckeye, Arizona, acquired from Nikola. The $550 million project aims to produce up to 11,000 tonnes of liquid green hydrogen annually to meet heavy-duty transportation needs. However, there have been concerns over proposed green hydrogen subsidy rules, which have been criticised as potentially stifling innovation and limiting project scalability. Dr. Andrew Forrest, founder and Executive Chairman of Fortescue, highlighted the need for regulatory frameworks that incentivize industry growth rather than hinder it. The project represents a significant investment in renewable energy infrastructure and represents a strategic move towards sustainable energy solutions. The projected contribution to Arizona’s GDP highlights the economic benefits associated with renewable energy investments.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
