Fortescue

Assembly Line

Electric Hydrogen Raises $380 Million to Transform the Economics of Green Hydrogen Production

đź“… Date:

đź”– Topics: Funding Event

🏢 Organizations: Electric Hydrogen, Fortescue, Fifth Wall, Energy Impact Partners


ELECTRIC HYDROGEN (EH2) announced the successful completion of an oversubscribed $380 million Series C financing. The new capital will accelerate the company’s manufacturing and deployment plans to meet strong customer demand for its power-dense green hydrogen systems. The funding round was led by Fortescue, Fifth Wall and Energy Impact Partners.

EH2’s electrolyzer systems produce green hydrogen from renewable electricity and water. Green hydrogen is needed for decarbonizing vital industrial processes such as fertilizer production, steelmaking, base chemicals and many others. Until now, switching from fossil-based sources to renewable green hydrogen has been too costly to be implemented at scale. EH2 is manufacturing and plans to deliver and commission 100 megawatt (MW) electrolyzer systems, each capable of producing nearly 50 tons of green hydrogen per day at transformational low cost to help its customers meet their decarbonization goals.

Read more at Business Wire

Miners Are Relying More on Robots. Now They Need Workers to Operate Them.

đź“… Date:

✍️ Author: Rhiannon Hoyle

🏭 Vertical: Mining

🏢 Organizations: Rio Tinto, Fortescue, Teck Resources


In this remote corner of western Australia, surrounded by clusters of low-lying scrub and red rocky outcrop, the world’s second-biggest mining company has built its most technologically advanced mine. For Rio Tinto, PLC finding the workers to run the new high-tech operation is a challenge.

Automation helped miners to become more efficient and avoid disruptions triggered by the pandemic, when sudden border closures marooned workers who used to jet in from afar for their shifts. But the companies’ investments are doing little to solve a broader labor crisis affecting an industry that still needs a large staff to keep their operations running smoothly.

Read more at Wall Street Journal (Paid)