Fortescue settles Queensland dispute over Gladstone electrolyser facility

Fortescue settles Queensland dispute over Gladstone electrolyser facility EDT 3 min read FMG. AX Fortescue and the Queensland Government have reached a confidential settlement over A$66m (£35m) in state funding provided for the company's electrolyser manufacturing facility in Gladstone, Australia. Fortescue officially opened the 15,000-square-metre facility in April 2024, with capacity to manufacture more than 2GW of proton exchange membrane (PEM) electrolyser stacks a year.

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