Fortescue Future Industries to Establish Colorado Technology Hub and Bring Jobs to America
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Fortescue Future Industries (FFI) will expand its U.S. presence and strengthen its position as a leading global developer of green energy technology through the establishment of a Technology Hub in the state of Colorado.
The Hub, which will potentially create more than 150 local jobs, will bring together experts from leading Colorado universities and institutions, including the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).
FFI will develop green hydrogen and green energy innovations and technology, with a specific focus on decarbonizing hard-to-abate industries that can be commercialized fast.
More importantly the Technology Hub will facilitate latest technologies into the manufacturing centers which FFI is now contemplating due to the successful passage of the U.S. legislation, The Inflation Reduction Act (IRA).
“Fortescue is building a world-wide tech network to encourage scientists and engineers from across the globe to advance research and development. FFI will rapidly commercialize the technology we build here to achieve real world outcomes. That is where the IRA will give us the horsepower we need to bring this cutting-edge research into reality,” said Fortescue Founder and Executive Chairman Dr. Andrew Forrest AO.
“America is the world’s deepest innovation ecosystem, and now the best place for green hydrogen investment following the passing of the IRA,” added Dr. Forrest.
Colorado was selected from a number of potential locations due to its world-leading research and development (R&D) institutions, vibrant innovation ecosystem and quality of life which makes it an attractive destination for the best talent in the USA.
“This exciting announcement brings good-paying jobs to Coloradans, builds upon our work to achieve 100 percent renewable energy by 2040, and reflects Colorado’s role as a global hub for innovation,” said Colorado Governor Jared Polis.
“Colorado offers a forward-thinking regulatory and policy environment and FFI looks forward to capitalizing upon some of the best and brightest minds in the United States,” said FFI CEO Mark Hutchinson.
“There is significant global demand for the green energy and green hydrogen FFI will produce, and for the new technology it is developing. Fortescue’s tech web will sow and harvest the best talent and stretch across the globe, with teams already set up in Australia, UK, and Europe,” added Hutchinson.
The state of Colorado awarded incentives totaling $1.996 million to support the establishment of the Hub and the creation of jobs in the green energy industry.
“The transition to a clean, decarbonized energy system is a global challenge that requires global solutions,” said NREL Director Martin Keller.
“For more than 45 years, NREL has transformed the way the nation and the world use energy with our unique capabilities, including proving technologies and addressing integration challenges at scale. This collaboration with FFI and our partners here in the state of Colorado will leverage these unique capabilities, and with our combined resources and expertise, together we will advance the technologies that are critical toward the transformation of our energy future,” added Keller.
About Fortescue Future Industries
Fortescue Future Industries (FFI) is a global green energy company committed to producing green hydrogen, containing zero carbon, from 100 percent renewable sources. FFI is leading the green industrial revolution, developing technology solutions for hard-to-decarbonize industries, while building a global portfolio of renewable energy, green hydrogen and green ammonia projects. FFI is also leading the world effort to decarbonize hard-to-abate sectors and is responsible for the proposed decarbonization of one of the biggest resources companies in the world by 2030 — its parent company Fortescue Metals Group.
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