Fortescue Future Industries (FFI) has extended its reach into the hydrogen ecosystem with the acquisition of a 60% stake in High Yield Energy Technologies (HyET) as the group targets supplying 15 million tonnes of green hydrogen by 2030.
As well as acquiring a 60% stake in HyET, FFI is also providing a majority share of financing for the expansion of a HyET solar PV factory.
With this, the renewable energy generated at the site could also be used to produce green hydrogen.
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