Together, FFI and TES plan to develop industrial-scale green hydrogen production globally with an initial focus on Australia, Europe, Middle East, and Africa. In its first phase, the project is expected to see the supply of 300,000 tonnes of green hydrogen developed.

As part of the partnership, FFI is set to make an equity investment of €30m ($29.8m) to become a strategic shareholder in TES, as well as invest €100m ($99.3m) for a significant stake in the construction of the TES import terminal in Wilhelmshaven, Germany.

With the first deliveries of green hydrogen into the Wilhelmshaven terminal expected in 2026, the companies hope the partnership with establish a critical link in the green hydrogen supply chain to Europe.

TES announced it was accelerating plans to convert the port of Wilhelmshaven into a ‘world-scale’ hydrogen hub this year (2022). Shortly after, E.ON and TES partnered with aims of importing hydrogen into Germany at scale.

Read more: German port of Wilhelmshaven to be converted into a world-scale hydrogen hub

Read more: E.ON, Tree Energy Solutions partner to integrate hydrogen imports into Germany

Additionally, in March (2022), FFI and E.ON revealed they had partnered in a hope to see the companies become the largest renewable hydrogen supplier and distributor in the EU.

Read more:  Landmark agreement to make E.ON and Fortescue Future Industries Europe’s ‘largest’ supplier and distributor of renewable hydrogen

Marco Alverà, CEO of TES, said, “We are delighted to announce this partnership which marks a new milestone in delivery scalable, affordable green hydrogen as well as securing renewable energy production. This agreement is another steppingstone 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.”

Dr. Andrew Forrest, Executive Chairman and founder of FFI, commented, “The UK and Europe urgently need green energy solutions to replace fossil fuels. This important investment will help do exactly that. Not in 2050, in four years from now.”

Mark Hutchinson, CEO of FFI, added, “This investment support the delivery of Fortescue’s supply agreement with E.ON, Germany’s largest energy distributor. In March this year, we announced we would supply five million tonnes of green hydrogen, commencing from mid-decade.”

Did you know H2 View is recognised as an official partner of the Hydrogen Council?

This means we get exclusive columns, interviews and studies that you won’t find anywhere else. Along with our featured webinars and events, H2 View is the go to global platform for the hydrogen industry.

Become a subscriber today to make sure you don’t miss out. Already a subscriber? Log in here.