Iron ore billionaire and now green energy evangelist Andrew Forrest has continued his breathtaking spree of renewable hydrogen announcements, this time signing an agreement with the Bamford family to become the biggest supplier of renewable hydrogen in the UK.
The “multi-billion pound” deal, deliberately timed a day ahead of the Glasgow COP26 climate conference, has been struck with construction giant JCB and its offshoot Ryze Hydrogen, who will buy 10 per cent of the renewable hydrogen that Forrest’s Fortescue Future Industries plans to produce.Under the partnership, FFI will lead the green hydrogen production and logistics to the UK market. JCB, owned by billionaire businessman Lord Bamford, and Ryze, owned and managed by his son Jo Bamford, will manage green hydrogen distribution and development of customer demand in the UK.
It appears to be mostly focused on shifting heavy transport to green hydrogen, including JCB’s construction equipment and Jo Bamford’s Wrightbus, the UK’s biggest bus manufacturing company which has already produced the world’s first hydrogen powered double decker bus (pictured above).
“Our agreement signals the first major shift in the global commercial landscape from fossil fuels towards the real, practical, implementable solution that is green hydrogen,” Forrest said in a statement late Sunday.
“We are delighted to announce this groundbreaking initiative at the critical climate forum of COP26.” RENEW ECONOMY - link - Giles Parkinson - link - more like this - link - Andrew Forrest - link - more like this (Fortescue) - link - more like this (Bamford) - link - more like this (buses/coaches) - link
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