16.8 C
Belgrade
Supported byspot_img
spot_img

Australian miner Fortescue expands battery, electric powertrain output in UK

Member of Europium Groupspot_img
Supported byspot_img

Australian miner Fortescue Metals is expanding its battery and electric powertrain production operations in the UK with a new plant in Oxfordshire, its green power arm Fortescue Future Industries (FFI) said on Monday.

The Banbury facility will open in 2024 and operate alongside Fortescue’s other Oxfordshire facilities including the Kidlington factory which will open later this year, FFI said in a press release.

The new plant will focus primarily on manufacturing of heavy industry, electric and zero-emission powertrain systems and will offer automated assembly for battery modules and packs.

Supported by

The company is targeting the first prototype build for July or August, with the first mining haul truck module due for completion in August 2023.

“This new state-of-the-art site will bolster the UK’s electric vehicle supply chain and create over 120 highly skilled jobs, helping to grow our economy,” said Business and Trade Secretary Kemi Badenoch.

The world’s fourth largest iron ore maker, Fortescue is expanding into production of hydrogen from renewable resources, known as green hydrogen, under its Fortescue Future Industries (FFI) unit, and aims to become a global powerhouse in renewable energy.

 

Source: The Economic Times

Supported byElevatePR Digital

Related News

Unlocking renewable energy potential: The role of renewable hydrogen in storage and decarbonization

Renewable electricity can be effectively stored by converting it into renewable hydrogen or ammonia through the process of electrolysis. These fuels can be utilized...

Empowering renewable energy: Harnessing the potential of renewable hydrogen for storage and decarbonization

Batteries play a crucial role in providing short-term flexibility to the energy system, offering advantages such as geographical and sizing flexibility. Unlike some other...

Energy storage: Enabling clean alternatives and job creation in coal-dependent regions

Energy storage is particularly relevant to carbon-intensive and coal regions, as it provides a cleaner alternative to hard-to-abate industries and traditional fossil-fuel-powered thermal plants...

Transforming Europe’s energy grid: The essential role of energy storage in the renewable transition

As European countries strive to transform their energy systems, policymakers, regulators and energy sector planning agencies are increasingly faced with complex decisions about developing...
Supported by
Supported by
Supported by
error: Content is protected !!