Happy new year all.The article Secretary Prashant Kumar Singh...

Happy new year all.

The article Secretary Prashant Kumar Singh tells Hydrogen Insight about sub $2 hydrogen mentions cheap renewables and storage!

Mr Forest Fortescue in the dogs of the year award for Hydrogen Electrolysis




There are few ways to cheap hydrogen Secretary Prashant Kumar Singh tells Hydrogen Insight and Mr Forest are not alone in failing to count and seem to have completely missed our effective cheap and now proven Hydrogen pyrolysis plus a lot of Graphite



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Fortescue: Hydrogen hopes humbled by reality

This one requires a bit of a backgrounder, but it’s one of the bigger Wooden Spoon-worthy moments of the year.

Fortescue Metals Group (ASX:FMG) top dog Andrew Forrest, seemingly overnight a few years ago, became less of an iron ore kingpin and more of a green hydrogen advocate. He set up Fortescue Future Industries (FFI) and spun it out of FMG to a mixed reaction from the world at large.

He then spent years touring the world setting up non-binding hydrogen collaboration MOUs everywhere from Europe to Oman.

For a while there it looked like he was a true believer, even as the market grew tired of hydrogen around the same time oil and gas came back in vogue triggered ultimately by the Ukrainian-war-borne Russian gas supply cutoffs to some Western European nations.

The whole world also realised by late 2023 that a global conversion to hydrogen as a fuel was so far off and technologically expensive it was more of a two-decade prospect.

In that context, Andrew Forrest this year cut 700 jobs widely believed to mostly relate to FFI and tucked it back into FMG, where it has since remained. Talk about a false start.

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