“He’s six parts moxie, seven parts bullshit, and some part of it’s going to come true.” —Atlassian co-CEO Mike Cannon-Brookes on fellow Australia billionaire Andrew Forrest, a mining tycoon now selling the U.S. dreams of green hydrogen. By DavidJeans2:
the fossil-fuel industry received $5.9 trillion in subsidies worldwide in 2020. As for Musk’s love of batteries, Forrest says the Tesla billionaire is depending on something with a finite life, with finite quantities. “We have an infinite life and an infinite commodity in hydrogen,” Forrest says.
A few miles from Forrest’s beachside compound, Perth’s tallest skyscrapers bear the names of the world’s mining giants: Rio Tinto, BHP and Woodside. It was here that Forrest got his start as a mining tycoon. A descendant of the first governor of Western Australia, the Forrest name is all over the region, on street signs, neighborhoods and national parks.
In 2016, Forrest embarked on a four-year doctorate in marine ecology at the University of Western Australia, a time when he was instructing his team to look into technology that could transport hydrogen and ammonia, and whether scaling solar power was possible. He realized “just how vicious the grip the fossil-fuel sector has on the future of everyone on this planet,” Forrest says. By 2020, the stage was set for Forrest to launch FFI.
At a sprawling warehouse on the outskirts of Perth, Jim Herring, who oversees FFI’s research and development as head of green industry, is looking onto a vast lot where a white hauler truck is circling. Using hydrogen produced by a third party, the truck can run for 20 minutes before it needs to be refueled, but is a proof-of-concept that Herring’s team built last year in less than 100 days.
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