Fortescue will establish Colorado Technology Hub and bring jobs to America

Fortescue will establish Colorado Technology Hub and bring jobs to America

September 17, 2022

Fortescue Future Industries (FFI) will expand its presence in the US and strengthen its position as a world leader in green energy technology development by establishing a Technology Hub in the state of Colorado.

Potentially creating more than 150 local jobs, the Center will bring together experts from leading Colorado universities and institutions, including the US Department of Energy’s National Renewable Energy Laboratory (NREL).

FFI will develop green hydrogen and green energy innovations and technology, with a specific focus on decarbonizing hard-to-scale industries that can be quickly commercialized.

More importantly, the Technology Center will facilitate the latest technologies in the manufacturing centers that FFI now contemplates due to the successful passage of US legislation, “The Inflation Reduction Act” (IRA).

Fortescue Founder and CEO, Dr. Andrew Forrest AO, said: “Fortescue is building a global technology network to encourage scientists and engineers around the world to advance research and development.

“FFI will quickly commercialize the technology we build here to achieve real-world results. That’s where the IRA will give us the power we need to make this cutting-edge research a reality.

“The United States is the world’s deepest innovation ecosystem and is now the best place to invest in green hydrogen following the passage of the IRA,” said Dr. Forrest.

“The passage of that law was a historic moment for the United States – it will help create jobs for Americans and reduce emissions, and our tech hub is already proof of that,” said Dr. Forrest.

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Colorado was selected from a number of potential locations due to its world-leading research and development (R&D) institutions, vibrant innovation ecosystem, and quality of life, making it an attractive destination for top talent. from USA

Colorado Governor Jared Polis said, “This exciting announcement brings good-paying jobs to Coloradans, builds on our work to achieve 100% renewable energy by 2040, and reflects Colorado’s role as a global hub for innovation.” “.

FFI CEO Mark Hutchinson said, “Colorado offers a forward-thinking policy and regulatory environment, and FFI looks forward to capitalizing on some of the best and brightest minds in the United States.

“There is significant global demand for green energy and green hydrogen that FFI will produce, and for the new technology that it is developing,” said Mr. Hutchinson.

“Fortescue’s technology network will seed and harvest the best talent and span the globe, with teams already established in Australia, the UK and Europe,” said Mr. Hutchinson.

The state of Colorado awarded incentives totaling $1.996 million to support the establishment of the Hub and the creation of jobs in the green energy industry.

NREL Director Martin Keller said, “The transition to a clean, decarbonized energy system is a global challenge that requires global solutions.”

“For more than 45 years, NREL has transformed the way the nation and the world use energy with our unique capabilities, including testing technologies and addressing integration challenges at scale. This collaboration with FFI and our partners here in the state of Colorado will leverage these unique capabilities, and with our combined resources and experience, together we will advance the technologies that are critical to transforming our energy future,” said Mr. Keller.

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