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JSW Future Energy ties up with Fortescue Future Industries

Thursday, 29 Jul 2021
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JSW Future Energy, a wholly-owned subsidiary of JSW Energy, has entered into an agreement with Australian Fortescue Future Industries (FFI) to jointly conduct scoping work for green hydrogen production-related projects in India.

These projects will be for use in green steelmaking, hydrogen mobility, green ammonia and other mutually agreed industrial applications. The collaboration will enable both parties to tap opportunities in India’s clean energy market and become front runners in a future hydrogen economy.

The company has readied a blueprint to become 20 GW power generating company by 2030, with about 85 percent of the portfolio comprising green and renewable energy sources.

It aspires to be a green energy future technology company with innovations such as green hydrogen, offshore wind and battery energy storage.

Green hydrogen will be a disruptor in the clean energy space and would soon replace fossil fuels in various industrial applications, besides the transportation and mobility sector.

FFI is establishing a portfolio of projects associated with renewable green hydrogen and green industrial products.

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