"The economics of Green Hydrogen simply don't add up" - well,...

"The economics of Green Hydrogen simply don't add up" - well, yes, but there are some additional considerations that are being left out of the "adding ups":

1. The cost of energy to produce green hydrogen is far lower than the cost of electricity to charge a battery. That's because hydrogen can be produced at the generator, while a battery has to be either charged or discharged through an electrical network that has cumulative losses of up to 20%. In addition there is the capital infrastructure cost of the poles and wires that make up the physical network. These costs don't apply to hydrogen production.
2. Hydrogen has no appreciable loss in storage.
3. Hydrogen fuel cells do not deteriorate over lifetime charge / discharge cycles.
4. Fortescue have not yet cottoned on to the potential applications for the small energy consumer market. Already energy distribution costs (losses and capital costs) overwhelm the generation cost. Residential and small business consumers are becoming progressively more efficient. We are approaching the point where it would be feasible for consumers to bypass the grid entirely for their energy needs. Fortescue could become a major pioneer and market maker in this domain.