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Iron-ore billionaire starts construction of world's largest hydrogen electrolyser factory
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The new plant in Queensland, Australia, is the first part of a planned green manufacturing hub where wind turbines, solar panels, batteries and electrical cables will also be built.
Construction has begun on iron-ore billionaire Andrew “Twiggy” Forrest’s 2GW electrolyser factory in Queensland, northeast Australia — which will be the largest in the world upon completion in early 2023.
The A$114m ($83m) facility — a 50/50 joint venture between US electrolyser maker Plug Power and Forrest’s company Fortescue Future Industries (FFI) — is the first part of the Green Energy Manufacturing Centre (GEM), where FFI plans to eventually produce wind turbines, solar panels, batteries and electrical cables.
GEM is being built at the Aldoga industrial development zone near the coastal city of Gladstone, which is one of the world’s largest coal-exporting ports — due to its proximity to the Bowen Basin, a region that contains Australia’s largest coal reserves.
The electrolyser factory, which was only announced in October, will be powered by green energy and use Plug Power’s proton exchange membrane (PEM) technology. PEM electrolysers are more expensive to produce than standard alkaline versions, but are said to be better at dealing with the variable output from wind and solar farms.
FFI claims that the “initial capacity of 2GW per annum” will more than double current global production, but this would only be true if existing electrolyser factories are not operating at full capacity at the beginning of next year.
And while it will be the largest electrolyser factory upon completion, it might not hold that title for long, with the UK's ITM Power and Germany's Thyssenkrupp both announcing plans to expand their production capacity to 5GW by 2024 and 2025, respectively. Norway's Nel also plans to expand its new electrolyser factory to 2GW, but has not said when it hopes to reach this goal.
Source: rechargenews.com
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