Fortescue has inked new supply deals for wind turbines, solar panels and battery storage that will not only enable the company to electrify its Pilbara operations and deliver on its target of Real Zero by 2030, but also catalyse decarbonisation globally.
Fortescue has formed supply deals with electric vehicle maker BYD, solar technology and manufacturing giant LONGi; construction and mining equipment manufacturer XCMG; and wind and energy storage leader Envision Energy. The company has also acquired Spanish renewable technology company Nabrawind.
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These agreements build on Fortescue’s global innovation ecosystem, where European powerhouse Liebherr already plays a pivotal role in decarbonising Fortescue’s mining fleet with the production of T 264 trucks in Virginia in the United States.
They are underpinned by world-leading research and development through Fortescue Zero, which utilises the Colorado Technology Hub in the United States, advanced technology collaborations with CSIRO in Australia, and its R&D centre at Oxford in the United Kingdom, to drive the innovations behind Fortescue’s decarbonisation and future green technologies.
“The world once benefited from open trade and cooperation—now it is divided. Fortescue is showing that industry can help glue back that multilateral spirit, not through rhetoric but through practical alliances that prove heavy industry can follow a new path – one where profits rise as emissions fall,” Fortescue executive chairman and founder Dr Andrew Forrest AO said.
“China is scaling and manufacturing green technologies at unprecedented speed and our partnerships give Fortescue access to that capability.
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“Meanwhile, through Nabrawind in Spain, Liebherr in Germany and the United States, Fortescue Zero in the United Kingdom, and Fortescue operations in the Pilbara in Western Australia, we are building a global R&D and production network.
“This is a truly multilateral collaboration that draws on the best ideas and manufacturing capacity to deliver the lowest cost energy and tackle climate change.
“By joining forces across continents, we are seizing the full extent of the decarbonisation opportunity and rebuilding the cooperation the world needs to address the climate crisis.”
