FMG 1.20% $21.41 fortescue ltd

Thanks @TonyIndoFrom your linkThe program will use a competitive...

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    Thanks @TonyIndo
    From your link

    The program will use a competitive process, to select large Australian-based projects producing either hydrogen from renewable energy or derivative products made from hydrogen produced from renewables, such as ammonia.

    Successful projects will have the opportunity to receive funding as a production credit that will cover the current commercial gap between the cost of hydrogen produced from renewables and its market price. This should enable producers to offer hydrogen to users at a price that will encourage them to switch to using this clean fuel.

    The funding is expected to support the delivery of up to 2-3 large hydrogen projects, scaled to need up to 1000 MW of electrolyser capacity.

    FFI must be ahead of the pack in size and advanced stage of projects.

 
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