Fortescue’s decision to suspend its $2-billion green hydrogen plant in Prince George raises questions about the feasibility and strategic planning of large-scale green hydrogen initiatives. The company’s global restructuring focuses on projects in Australia, Brazil, the United States, and Norway. The decision also reflects a shift in resource allocation and market conditions, including a decision to shed 4.5% of its global workforce and a forecasted drop in iron ore prices below $100 a tonne. Despite the setback, there is optimism for future investments in Prince Prince George, with Mayor Yu expressing hope that Fortescue and other companies will consider the region for hydrogen projects.
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
