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What's going on with Fortescue and this green hydrogen unicorn?

What's going on with Fortescue and this green hydrogen unicorn?
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Fortescue invests in Electric Hydrogen electrolysers to support green hydrogen pro-ject plans

Fortescue invests in Electric Hydrogen electrolysers to support green hydrogen pro-ject plans
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Fortescue invests in green hydrogen startup

Fortescue invests in green hydrogen startup
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Electric Hydrogen is the green hydrogen industry's first unicorn

Investors have historically been skeptical of green hydrogen. High production costs, expensive infrastructure builds, competition with batteries and minimal government support have made the green hydrogen sector a risky bet. Electric Hydrogen (EH2), a Massachusetts-based green hydrogen technology company, has just become green hydrogen's first unicorn, with a $380 million Series C raise that brought its valuation up to $1 billion.

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Fortescue Invests In Electric Hydrogen Electrolysers To Support Green Hydrogen Project Plans

Fortescue has today announced it has taken the lead investor role in Electric Hydrogen’s (EH2) US$380 million Series C funding round.

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