JSW Energy, Fortescue Future tie-up for green hydrogen generation

30 Jul 2021 CW Team

JSW Future Energy enters into a framework deal with Australia’s Fortescue Future Industries (FII) for potential projects relating to the generation of green hydrogen.

JSW Energy told the media that the deal aims to estimate the potential of green hydrogen for producing green steel, hydrogen mobility, green ammonia and other mutually consented industrial applications in India.

While hydrogen production and its uses have been established, many firms are now operating on the manufacturing methods to make it cleaner. This green hydrogen is being promoted as a future fuel and the Budget 2020-21 has declared a National Hydrogen Energy mission to raise prospects.

Joint Managing Director and CEO at JSW Energy, Prashant Jain told the media that JSW Energy has laid out a strategic blueprint to grow into a 20 GW capacity power-producing firm by 2030 with about 85% of the portfolio including green and renewable energy sources.

Jain said that JSW Energy would also aspire to use innovative technologies like offshore wind, battery energy storage and green hydrogen among others.

Additionally, he said that green hydrogen is going to be a disturbance in the clean energy space and in future, they assume it would substitute the fossil fuels utilised for several industrial applications and in the transportation and mobility area.

He also said that this deal with FFI could help JSW meet their net-zero commitments quicker than their aim of 2050.

Julie Shuttleworth, CEO, FFI, told the media that the company is actively building a portfolio of projects connected with renewable green hydrogen and green industrial products.

JSW Future Energy is a wholly-owned subsidiary of JSW Energy. It is part of the JSW Group – a diversified business conglomerate in India with interests in energy, steel, cement, paints, infrastructure, venture capital and sports.

Currently, JSW Energy has 4,559 MW of operational hydro, solar and thermal power capacity. The firm has about 2,500 MW of Renewable energy projects under development which are likely to complete by 2023, a JSW statement said.

FFI is the renewable energy and industry firm of Fortescue Metals Group (Fortescue). It has an initial plan to generate 15 million tonnes per annum of green hydrogen by 2030. Fortescue aims to attain carbon neutrality by 2030.

The company said that FFI is a fundamental enabler of accomplishing this goal through the development of their green hydrogen, green ammonia, green electricity, and other green industrial projects.

Image Source

Also read: Indian Oil to develop green hydrogen plant at Mathura refinery

Also read: Fusion Fuel, BGR Energy to develop green hydrogen projects in India

JSW Future Energy enters into a framework deal with Australia’s Fortescue Future Industries (FII) for potential projects relating to the generation of green hydrogen. JSW Energy told the media that the deal aims to estimate the potential of green hydrogen for producing green steel, hydrogen mobility, green ammonia and other mutually consented industrial applications in India. While hydrogen production and its uses have been established, many firms are now operating on the manufacturing methods to make it cleaner. This green hydrogen is being promoted as a future fuel and the Budget 2020-21 has declared a National Hydrogen Energy mission to raise prospects. Joint Managing Director and CEO at JSW Energy, Prashant Jain told the media that JSW Energy has laid out a strategic blueprint to grow into a 20 GW capacity power-producing firm by 2030 with about 85% of the portfolio including green and renewable energy sources. Jain said that JSW Energy would also aspire to use innovative technologies like offshore wind, battery energy storage and green hydrogen among others. Additionally, he said that green hydrogen is going to be a disturbance in the clean energy space and in future, they assume it would substitute the fossil fuels utilised for several industrial applications and in the transportation and mobility area. He also said that this deal with FFI could help JSW meet their net-zero commitments quicker than their aim of 2050. Julie Shuttleworth, CEO, FFI, told the media that the company is actively building a portfolio of projects connected with renewable green hydrogen and green industrial products. JSW Future Energy is a wholly-owned subsidiary of JSW Energy. It is part of the JSW Group – a diversified business conglomerate in India with interests in energy, steel, cement, paints, infrastructure, venture capital and sports. Currently, JSW Energy has 4,559 MW of operational hydro, solar and thermal power capacity. The firm has about 2,500 MW of Renewable energy projects under development which are likely to complete by 2023, a JSW statement said. FFI is the renewable energy and industry firm of Fortescue Metals Group (Fortescue). It has an initial plan to generate 15 million tonnes per annum of green hydrogen by 2030. Fortescue aims to attain carbon neutrality by 2030. The company said that FFI is a fundamental enabler of accomplishing this goal through the development of their green hydrogen, green ammonia, green electricity, and other green industrial projects. Image Source Also read: Indian Oil to develop green hydrogen plant at Mathura refinery Also read: Fusion Fuel, BGR Energy to develop green hydrogen projects in India

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..