Fortescue invests in FSRU for hydrogen imports

Subsidiary FFI takes stake in Tree Energy Solutions as it looks to mobilise imports of hydrogen molecules into Germany

Green hydrogen developer Fortescue Future Industries (FFI) has invested €30mn ($29mn) to become a shareholder in energy infrastructure developer Tree Energy Solutions (TES) and will invest €100mn in the construction of the TES terminal in Wilhelmshaven in Germany, taking a 30pc stake in the subsidiary building the terminal. The German Federal Ministry for Economic Affairs and Climate Action recently selected TES to jointly develop and implement the country’s fifth LNG floating storage and regasification unit (FSRU) in Wilhelmshaven. Berlin and the consortium expect the FSRU to start operations before the end of 2023. The FSRU will also facilitate green hydrogen imports, and FFI and TES have