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

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..