POWER!!!! Fortescue Future Industries, page-4058

Apologies for the duplicate post, I added it to the wrong thread.

Not sure how many longs have had a chance to read the Investor Analyst Call Transcript (highly recommend), but there are quite a few gems in there worth highlighting. Here are a few more...

Green Iron:

Fortescue see a pivot to producing green iron metal as the next step and they see massive potential in building a green iron industry out of Australia, supplying China.

They made it very clear that a partnership with China is absolutely critical to create a green iron future. Wes, you listening

Why?

Because by partnering with China/Chinese companies , China will be able to supply renewable energy equipment in solar and wind, in storage options, furnace technology, and Fortescue's role will be to then export their commodities in the ground and now the commodities they have through sun and wind.

This will:

Increase scale;
Decrease costs;
So that it will be competitive with current steelmaking.

Fortescue's goal now with the green iron project is to have all the electricity from this process come from renewable sources, for the iron to be fully green, whch is what they are aiming to achieve starting next year and building this up substantially from there.

A reminder folks, China spent close to US$1 trillion dollars last year that went to the renewables sector and their plan is to continue this capital allocation for many many years to come.

A China/Fortescue Green Iron partnership would be a game changer for this industry.

Liebherr/Fortescue Technology

Will decarbonise Fortescue first.

Fortescue are already selling the same solutions and products to other industries who also need to eliminate emissions. Yes, you read right, "already selling".

What sets Fortescue apart is that they know how this system works because they're a massive mining operator.

They're validating the technology with now a complete systems solution.

Not only have they been working hard on the "hardware" aspect side of the business, but they've also signed a multi-year deal with JLR to use their cutting edge battery intelligence software, Elysia. What was also mentioned is that this solution has significant additional commercialisation opportunities for the future.

This has now trickled on to the company with their first customers purchasing their hydrogen production systems from their electrolyser manufacturing centre in Gladstone, Queensland.

They have delivered on a stretch target to sign three contracts for the sale of their electrolyser systems by the end of the financial year.

Very late for me, so signing off. I'll have more to share tomorrow

Tony