In Canada, Mining.com reported that high power costs will make most of Europe and Japan unattractive as centers of green hydrogen production, according to a Fortescue executive. “What we’re looking for is abundant, cheap power that a country doesn’t need,” Mark Hutchinson, chief executive officer of Australia-based Fortescue’s energy division, said. “Europe is a place where you won’t have major projects because it’s too expensive. Same with Japan — it’s too expensive.” Fortescue will likely make final investment decisions on green hydrogen initiatives in northeastern Brazil and Norway this year, Hutchinson added.
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