Fortescue Future Industries has entered a global strategic collaboration with energy infrastructure developer Tree Energy Solutions which aims to accelerate the development of a world leading green hydrogen and green energy import facility in Germany. The investment of EUR 130 million will be funded by FFI’s unutilised capital commitment and provides FFI with a pathway for access to critical infrastructure to execute its strategy. Through the agreement, FFI subsidiary Netherlands Fortescue Future Industries Holdings will invest EUR 30 million to become a shareholder in Tree Energy Solutions as well as invest EUR 100 million in the construction of the TES terminal in Wilhelmshaven in Germany and be a major shareholder with a 30% stake in TES subsidiary Deutsche Grüngas und Energieversorgung, the project company that will build the TES Green Energy Hub in Wilhelmshaven in Germany. TES is developing a portfolio of terminals globally that will enable transportation of green energy. The first phase of this partnership is to jointly develop and invest in the supply of 300,000 tonnes of green hydrogen with final locations being currently agreed, and a financial investment decision targeted in 2023. The first delivery of green hydrogen into TES’ terminal in Wilhelmshaven, Germany is anticipated to take place in 2026. Initial collaboration projects will be focused on Australia, Europe, the Middle East and Africa.
Fortescue Future Industries has entered a global strategic collaboration with energy infrastructure developer Tree Energy Solutions which aims to accelerate the development of a world leading green hydrogen and green energy import facility in Germany. The investment of EUR 130 million will be funded by FFI’s unutilised capital commitment and provides FFI with a pathway for access to critical infrastructure to execute its strategy. Through the agreement, FFI subsidiary Netherlands Fortescue Future Industries Holdings will invest EUR 30 million to become a shareholder in Tree Energy Solutions as well as invest EUR 100 million in the construction of the TES terminal in Wilhelmshaven in Germany and be a major shareholder with a 30% stake in TES subsidiary Deutsche Grüngas und Energieversorgung, the project company that will build the TES Green Energy Hub in Wilhelmshaven in Germany. TES is developing a portfolio of terminals globally that will enable transportation of green energy. The first phase of this partnership is to jointly develop and invest in the supply of 300,000 tonnes of green hydrogen with final locations being currently agreed, and a financial investment decision targeted in 2023. The first delivery of green hydrogen into TES’ terminal in Wilhelmshaven, Germany is anticipated to take place in 2026. Initial collaboration projects will be focused on Australia, Europe, the Middle East and Africa.
