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20 Nov

Australia’s Fortescue plans US expansion, citing IRA benefits

Australian mining and green energy company Fortescue has announced plans to expand across the US and invest $35 million into a manufacturing centre in Michigan. The forthcoming centre will be a major hub for producing fast chargers, hydrogen generators, electrolysers and automotive and heavy industry batteries. The project will benefit from Inflation Reduction Act-linked tax credits, offering up to $10/kilowatt-hour, Kallanish learns. In a company press release, …
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