Fortescue becomes lead investor in $600m electrolyser firm fundraise Oct 4, 2023 ..... The deal builds on Fortescue’s plan to become a manufacturer of the electrolysers that split water into hydrogen and oxygen and comes as strong demand for electrolysers has created big order backlogs that are making customers wait up to two years for delivery. ….. The Gladstone factory is unlikely to fully satisfy Fortescue’s need for electrolysers in the short term, so the company plans to buy further electrolysers from the likes of Plug Power, and now, Electric Hydrogen.
Fortescue energy chief executive Mark Hutchinson said Electric Hydrogen had found a way to make electrolysers at “transformational” low cost.
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