EV Logistics Firm BluWheelz Raises $1 Million in Bridge Funding

Solar Module Manufacturer Premier Energies Files DRHP for ₹15 Billion IPO

Amara Raja Wins BoS Contract for 500 MW Solar Project from Greenko

Sterling and Wilson Posts Profit After 3 Years, Benefits from Falling Module Prices

Swelect, Grew and ReNew Win SECI’s Auction to Supply 400 MW Solar Modules

Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

High Interest Rates Affect Subsidies, Capital Costs of Renewables: Report

Threat of US Anti-Dumping Duties on Indian Solar Module Exports

Daily News Wrap-Up: RECPDCL’s Tender for 223 MW Solar Projects

RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2022/10/amazon_polly_42468.mp3?version=1665048359">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Global green energy company <a href="https://ffi.com.au/" target="_blank" rel="noopener">Fortescue Future Industries</a> and green hydrogen (H2) company Tree Energy Solutions (<a href="https://tes-h2.com/" target="_blank" rel="noopener">TES</a>) will jointly develop what is claimed to be the world’s largest green hydrogen integrated project to help Europe mitigate its current energy and climate crisis.</p>
<p>Fortescue and TES plan on industrial-scale green hydrogen production globally with an initial focus on Australia, Europe, the Middle East, and Africa.</p>
<p>Fortescue will make an equity investment of €30 million (~$29.7 million) to become a strategic shareholder in TES. It will also invest €100 million (~$99.16 million) for a significant stake in the construction of the TES import terminal in Wilhelmshaven, Germany. The first deliveries of green hydrogen into the TES terminal are expected by 2026.</p>
<p>In the first phase, the two companies will invest in the supply of 300,000 tons of green H2, with final locations being currently discussed.</p>
<p>The projects will produce sufficient renewable energy to meet the requirements of 1.5 million households.</p>
<p>The partnership leverages Fortescue’s expertise in developing large-scale renewable energy projects and TES’ business model, which combines hydrogen with recycled CO2 to create an efficient, circular, net-zero energy loop.</p>
<p>Executive Chairman and Founder of Fortescue Future Industries  Andrew Forrest said, “The UK and Europe urgently need green energy solutions to replace fossil fuels. This important investment will help to do exactly that. Not in 2050, in four years from now.”</p>
<p>TES will use CO2 as a carrier to import green hydrogen in the form of renewable natural gas. When the gas reaches Germany, it will be captured and transported back to the supply location, where the hydrogen is produced, in a circular, closed-loop zero-carbon system.</p>
<p>CEO of TES Marco Alverà observed, “We are delighted to announce this partnership which marks a new milestone in delivering scalable, affordable green hydrogen as well as securing renewable energy production. This agreement is another stepping stone in building TES as one of the leading hydrogen players in the world to accelerate the energy transition with the most cost-effective, bankable, and scalable green alternative to today’s fossil fuels.”</p>
<p>Last October, Fortescue <a href="https://mercomindia.com/fortescue-buys-60-percent-stake-in-hyet/" target="_blank" rel="noopener">acquired</a> a 60% stake in the Dutch-based High yield Energy Technologies Group. The acquisition marked an important milestone in the company’s vision to produce affordable green hydrogen, targeting a supply of 15 million tons worldwide by 2030.</p>
<p>The European Commission has recently <a href="https://mercomindia.com/europes-project-e5-2-billion-develop-hydrogen-chain/" target="_blank" rel="noopener">approved</a> the second phase of the Important Project of Common European Interest (IPCEI) to support research, innovation, and the first industrial deployment of the hydrogen technology value chain in Europe.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
</div></div><div class="clearfix"></div></div></div>

Fortescue and Tree Energy to Develop Green Hydrogen Integrated Project in Europe

tree-energy-solutions

Get the most relevant India solar and clean energy news.

RECENT POSTS