RENEWABLE ENERGY SOURCES

BHP at odds with Andrew Forrest on role of hydrogen in clean energy future

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Original article by David Newell
The West Australian – Page: Online : 6-Jun-23

Lee Levkowitz says she sees hydrogen only playing a small role in the world’s clean energy future, albeit a potentially lucrative one, with Levkowitz being head of head of energy, carbon and technology research at BHP. Her sentiments are at odds with Andrew Forrest, who has effectively tied the future of his Fortescue Metals Group to the development of green hydrogen, although they are similar to those previously expressed by rival mining company Rio Tinto, with its chief scientist Nigel Steward having stated he does not see hydrogen as an "energy carrier".

CORPORATES
BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO

Disappointing year for hydrogen fuel investors

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 14 : 10-Jan-23

Bernstein Research claims that 2022 was a "disappointing year" for investors in hydrogen fuel and the broader clean energy sector, due to rising interest rates and supply chain problems. Bernstein Research did note that global demand for hydrogen grew by five per cent to 95 million tonnes a year in 2022, but that only 0.1 per cent was green hydrogen made from renewables. It noted strong policy support for green hydrogen in countries such as the US and China, while sales of hydrogen fuel cell cars were strong in China, but weak elsewhere.

CORPORATES
BERNSTEIN RESEARCH

Forrest’s green vows hit $200bn

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Original article by Nick Evans
The Australian – Page: 13 & 16 : 8-Nov-21

Media analysis reveals that Fortescue Future Industries has ‘inked’ agreements for hydrogen and renewable energy projects in over 20 countries over the last 18 months, with FFI being the green energy unit of Fortescue Metals Group. It has been estimated that FMG would need to find $US195 billion to pay for all the projects that its chairman Andrew Forrest has committed FFI to, while it is likely to cost even more than that to achieve FMG’s goal of producing 15 million tonnes of hydrogen a year by 2030.

CORPORATES
FORTESCUE FUTURE INDUSTRIES PTY LTD, FORTESCUE METALS GROUP LIMITED – ASX FMG

Forrest unveils ambitious Fortescue renewables plan

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Original article by Brad Thompson
The Australian Financial Review – Page: 14 & 18 : 12-Nov-20

Fortescue Metals Group has outlined plans to become a major player in the energy sector via a massive investment in renewables. Fortescue chairman Andrew Forrest had told the pure-play iron ore miner’s AGM that it will initially aim to produce 235 gigawatts of energy via renewables, as it transition to an "renewables and resources" company. Meanwhile, CEO Elizabeth Gaines has stressed the importance of Australia’s trading relationship with China.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG

Rio uses AGM to pitch eco strategy

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Original article by Nick Evans
The Australian – Page: 19 : 11-Apr-19

Rio Tinto chairman Simon Thompson and CEO Jean-Sebastien Jacques have emphasised its focus on environmental sustainability in their presentations to shareholders at the annual meeting in London. Amongst other things, they committed to increased use of renewable energy across Rio Tinto’s mining operations, as well as developing new targets for reducing the company’s greenhouse gas emissions. Thompson also noted that Rio Tinto is the only major mining company that no longer produces fossil fuels.

CORPORATES
RIO TINTO LIMITED – ASX RIO, GLENCORE PLC, CLIMATE ACTION 100+

Renewables on the rise but world will still rely on coal

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Original article by Graham Lloyd
The Australian – Page: 2 : 19-Sep-17

The US Energy Information Administration has forecast 28 per cent growth in global energy consumption between 2015 and 2040. Its outlook report also shows that global production of coal will rise by three per cent over the 25-year period. Coal consumption is expected to fall in OECD nations and China, but this will be offset by an increase in countries such as India. The report concludes that fossil fuels will still account for more than 75 per cent of global energy consumption in 2040, although electric power generation via renewables is forecast to record the strongest growth over this period.

CORPORATES
UNITED STATES. DEPT OF ENERGY. ENERGY INFORMATION ADMINISTRATION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Solar forecast to outshine wind power

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Original article by
The Australian Financial Review – Page: 20 : 4-Sep-15

The UBS utilities research team predicts solar power will be cheaper than wind power and even undercut thermal power by 2020. It says solar could account for a quarter of the world’s power generation by 2050. UBS forecasts that solar will be the default power supply technology of the future, backed up by storage and thermal power.

CORPORATES
UBS AG, ORIGIN ENERGY LIMITED – ASX ORG, AGL ENERGY LIMITED – ASX AGL, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT