Fortescue green hydrogen goal needs 450GW of wind and solar by 2030 – EQ Mag Pro

Andrew Forrest’s Fortescue Future Industries has revealed some of the extraordinary numbers behind its hugely ambitious goal to deliver 15 million tonnes of green hydrogen production a year by 2030.

It will require, according to FFI’s head in NSW Joshua Moran – some 150GW of hydrogen electrolysers and a phenomenal 450GW of renewable capacity, namely wind and solar.

That, to put in context, is around nine times the current capacity of large scale generation in Australia’s National Electricity Market. Global electrolyser production is currently around 1GW, although FFI plans to double that with a new factory it is building at Gladstone.

“That gives you an idea of what is required to achieve this ambition,” Moran told the Smart Energy Expo on Thursday.

FFI’s targets have been dismissed as “pie in the sky” by many commentators, and FFI itself has admitted it was a “very” stretch target when first unveiled.

But it is now confident that target is “very achievable” , according to CEO Julie Shuttleworth, given the growing demand, falling costs, and the accelerated switch to green alternatives to fossil fuels driven by Russia’s invasion of Ukraine.

Source: reneweconomy