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Fortescue Future Industries and E.ON partner up

Published by , Editorial Assistant
Global Hydrogen Review,


Australian renewable green energy development giant Fortescue Future Industries (FFI) and E.ON, one of Europe’s largest operators of energy networks and energy infrastructure and a provider of innovative customer solutions for 50 million customers, have partnered on journey to deliver up to 5 million tpy of green, renewable hydrogen to Europe by 2030.

 

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Both partners have signed a Memorandum of Understanding (MoU) to execute on this ambition, with binding elements between the parties to deliver on this mission. Each side has committed to a research and study partnership, with further detailed documentation and steps required related to supply.

This historic partnership marks E.ON’s and FFI’s broader ambition to lead the decarbonisation of Europe and to strengthen security of green energy supply at a time when Europe needs to reduce its energy dependence on fossil fuels from Russia as quickly as possible. 5 million tpy of renewable green hydrogen is equal to approximately one-third of the calorific energy Germany imports from Russia.

The agreement was signed in Berlin, Germany, by Dr Andrew Forrest, Chairman of FFI, and Patrick Lammers, COO of E.ON, in the presence of Michael Kellner, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action and Australia’s Ambassador to Germany Philip Green. The two companies will work together in the spirit of the Australia-Germany Hydrogen Accord announced in June 2021 at the G7.

Both companies will work together, in collaboration with their governments, regarding how to achieve supply as fast as possible. Both aim to ramp up quickly to 5 million tpy of green hydrogen by 2030. This will help to decarbonise thousands of medium-sized enterprises all over Germany and the Netherlands, as well as other European cities and communities to which E.ON distributes energy.

It is intended that such large amounts of renewable green hydrogen will be powered by Australia’s immense renewable resources as well as FFI’s other planned global projects, and will be distributed by E.ON. The parties have also agreed to work together to analyse what solutions could look like to solve infrastructure issues and to build a secure value chain.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/30032022/fortescue-future-industries-and-eon-partner-up/

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