Fortescue Future Industries (FFI) has today (Jan 24) entered into an agreement to acquire Williams Advanced Engineering (WAE) as it targets net-zero by 2030 with both hydrogen and battery technologies.
An offshoot of the Williams Formula 1 team, WAE is well-recognised for its projects in high battery performance and electrification. This, paired with FFI’s withstanding expertise in green hydrogen production, will act as a key for reducing emissions across various sectors.
Dr Andrew Forrest, founder and Chairman of FFI, said, “This is the race of our lifetimes – the race to save the planet from cooking. The speed at which we move matters. Together FFI and WAE will work to decarbonise Fortescue – with the aim of achieving that faster and more effectively than anyone else in the world.
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