Again, acquisitions are not sheer force. :-)Fortescue's first...

Again, acquisitions are not sheer force.

Fortescue's first acquisition ever was WAE - after 20 years. They will not acquire companies for solar or electrolysers - that's never been published nor is it within their track record. They are developing their own electrolysers - at a very high cost, and they can't make them work. Why? It's copy cat technology and nobody is driven to make it work let alone economically. Just run the numbers on their PEM50 project - which is really a development project rather than production/operations. As above, they have nobody internally who is passionate about doing it - unlike Plug Power who acquired Giner ELX and those who founded Giner ELX.

WAE will not enable what you're stating. They don't have the capability, and even if they did, nobody is going to buy from Fortescue because the OEMs they would sell to have largely been burnt by them. You think Caterpillar is going to buy train or truck tech from Fortescue?

Green hydrogen will be produced at scale - but it won't be Fortescue who does it. There is no indication other than press releases that they will do what you're projecting them to do. They do not have the projects. They do not have the technology.