“We’ll announce over the next few months some big investments in some plants,” he said Friday in an interview in Canberra. The Gladstone, Queensland facility announced last year with an initial annual capacity of two gigawatts is “going to be too small because the demand is going to be enormous.”
Hutchinson, a former General Electric Co. executive, was recruited by Fortescue founder Forrest to helm the clean energy division’s push to become a global exporter of green hydrogen, with a target to produce an initial 15 million tons a year by 2030.
The unit expects to begin output of green hydrogen from 2024 at a small scale in the hundreds of thousands of tons, before quickly ramping up to hit its 2030 goal, he said. Fortescue has announced agreements over future supply deals with companies including Germany-based E.ON SE and JC Bamford Excavators Ltd. in the UK.
“When I…
Andrew Forrest’s hydrogen unit to speed expansion plans
