Plug walks away from FFI’s Gladstone gigafactory
Australian developer will manufacture in-house technology instead, as Plug argues it can get better value elsewhere
US green hydrogen technology firm Plug Power has confirmed it will no longer partner with Australia’s Fortescue Future Industries (FFI) on its 2GW/yr electrolyser manufacturing facility in Gladstone. “We decided we did not want to build a factory with them because we saw the economics; we could do better,” Plug CEO Andy Marsh explained on a recent analyst call. “So we really did not think that was worthwhile to move ahead.” FFI CEO Mark Hutchinson argues the firm has been developing its own proton-exchange-membrane (PEM) and alkaline electrolyser technology and is well-positioned to take the Gladstone facility forward on its own. “Plug Power is very much locked into a certain technology and

Also in this section
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets