Fortescue's Hydrogen Setback

This week on The Fin podcast, resources reporter Peter Ker discusses whether Andrew Forrest's green hydrogen dream was a fantasy and what his retreat means for the government’s green energy plans and Fortescue’s future.

This podcast is sponsored by Team Global Express

Further reading:

• Green hydrogen too ‘expensive and inefficient’: Finkel Former chief scientist Alan Finkel – who devised Australia’s first clean hydrogen strategy – now says we are “unlikely to use hydrogen for storage of electricity”.
• Forrest says Element Zero execs burned bridges ‘like Nazis’ Fortescue chairman Andrew Forrest has distanced himself from surveillance tactics used against former employees, but fully supported the IP lawsuit against them.
• Labor’s hydrogen dream stalls as Fortescue slims down H2 vision Fortescue will cut 700 jobs and slow its push into green hydrogen in a blow to the Albanese government’s plan to make Australia a hydrogen superpower supported by more than $8 billion of taxpayer funded incentives.

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