Electric haul trucks could save Fortescue over $400M in fuel per year

electrek.co

4 pointsxbmcuser2 comments

Owner of same company co funded major HVDC cable investment with solar, selling to SG, then tanked it when they refused to pivot to shorter term profit.

He also started a JV to make hydrogen, and hydrogen producing technology and then walked off the project when state government funding disappeared.

He's not evil, but he has form for massive high frontier public noises about green investment and then ends it super fast when the cost breaks some barrier we don't know about but which looks like when short term profit choices make it less viable. Odd, because most green investment is about the longer term.

Well if they are buying Chinese electric equipment they will be saving money in capital costs as well. As Chinese equipment can be up to 50% cheaper than western brands like Caterpillar. The global south will move to electric a lot faster than most projections I feel. As chinese solar, batteries and cheaper heavy machinery directly running on electricity will be a dramatic change to the feasibility of many development projects.

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