Fortescue Metals Group Ltd joins the International Hydropower Association
The International Hydropower Association (IHA) is pleased to welcome Fortescue Metals Group Ltd (Fortescue) as its newest member.
Fortescue is set to become one of the biggest hydropower operators in the world. The company is committed to pursuing green energy opportunities through Fortescue Future Industries Australia (FFIA) chaired by IHA Board member and former Australian Prime Minister, Malcolm Turnbull.
Fortescue is developing a significant global portfolio of large scale, low-cost hydropower, geothermal, solar and wind assets to support the manufacture of green steel in Australia and across the globe.
Fortescue Director of Energy Robert Grant said, “This year, Fortescue announced an industry-leading target to achieve carbon neutrality across the business by 2030 which will be driven through Fortescue Future Industries.
“We are exploring options for green iron and steel, and we aim to accelerate the clean energy transition by investing in large scale, low-cost hydropower and other renewables.
“Our objectives are strongly aligned with IHA’s mission to advance sustainable hydropower and we look forward to working together to influence the global agenda on the need to dramatically increase sustainable hydropower capacity, to support the growth in variable renewables. We will assess our projects against the Hydropower Sustainability Standard.
“Pumped storage hydropower is vital to achieving net zero carbon emissions, and we are pleased to also be joining the International Forum on Pumped Storage Hydropower to support the global development of this technology,” Mr Grant said.
Eddie Rich, CEO of IHA, said: “We are delighted to welcome Fortescue to IHA’s rapidly growing membership. Our association’s role is to advance sustainable hydropower and to support companies committed to delivering on the clean energy transition. We know that Fortescue will make a major contribution to these efforts.”
IHA is a non-profit organisation with members operating in over 120 countries. A third of the world’s total installed hydropower capacity is managed by the association’s membership.