Billionaire Forrest’s Hydrogen Unit to Speed Expansion Plans

(Bloomberg) — The clean energy arm of billionaire Andrew Forrest’s Fortescue Metals Group Ltd. will add more investments in manufacturing facilities as the demand outlook for green hydrogen strengthens.Most Read from BloombergA plant under construction in Australia to manufacture electrolyzers — equipment used to create hydrogen — already won’t be sufficient to keep pace with accelerating interest in supply of zero-emissions fuel, according to Mark Hutchinson, chief executive officer of Fortescue Future Industries.“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.”Read more: A Green Hydrogen Economy Depends on This…

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