is one step closer to being a renewable energy powerhouse after signing a new deal. The largest hydrogen equipment facility will be built in central Queensland in a $1bn project Annastacia Palaszczuk declared was “as significant as getting the Olympics”. The Premier spruiked Andrew Forrest’s Fortescue Future Industries manufacturing plant as the to transform Queensland into a renewable energy superpower. She said the facility, based in Gladstone, was also a significant coup for industry development, and thousands more in the future.
The plant will be the largest hydrogen electrolyzer producer globally, a product that uses electricity to break water into hydrogen and oxygen to generate a. “We’re seeing globally in renewable hydrogen,” Ms. Palaszczuk said during the on Sunday. “We don’t just want to export our resources – we want to develop a manufacturing industry capable of making the electrolyzers in Queensland as well.” Mr. Forrest, a mining magnate and philanthropist, said the first stage of the six-step project would cost Fortescue Future Industries $115m. green energy,” he said.
“It’s onefarm or a wind farm and plug it into a city or a factory and have the ratepayers pay for it. “It’s entirely another to replace all those imports – everything that’s being made overseas – with manufacturing for electrolyzers, , and towers, solar farms, photovoltaic cells, long-distance cabling switchgear, everything.” The billionaire said the “first step that the world needs most” and to evolve energy base is to build the electrolyzers. “This two-gigawatt facility doubles the capacity,” Mr. Forrest told reporters.
“It is just the start of what we need to deliver for Australia, which is over 150 gigawatts between now and the tipping point, we have got to make sure we never get near it,” he said. “I am convinced there are thousands of times more energy available to the Anthropocene than we’ll ever need. “And it’s all green, and it’s all-new. The world absolutely can, and therefore must move on from a polluting future.” Read related topics:Annastacia PalaszczukBrisbane.. So we’re talking to a huge future we see here, just in the electrolyzer plant alone.” Mr. Forrest, whose massive wealth was accumulated as an iron ore miner, has become a leading voice and investor in branch, Fortescue Future Industries. He said his Ph.D. studies in the last five years left him “utterly convinced” the rate of taking place could lead to “runaway global warming”. “Before we get to that