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Fortescue Buys Williams Advanced Engineering

Fortescue has bought Williams Advanced Engineering. Why? Williams and FFI have been cooperating for some time in the electrification of Fortescue’s 400 ton haulage trucks. Now they will be working more closely together. WAE is a leading provider of high-performance race-bred battery and electrification technologies and will bring speed, precision, and cutting-edge technology from the racetrack to heavy industry. They are expecting success in the ultra-competitive motorsport industry to translate into engineering success in the mining and heavy haulage industry. 

It is a fitting symbol of the race to decarbonize heavy haulage and stop the planet from “cooking.” It brings together leading thinkers and engineers under one family brand to drive progress and combat climate change.  

“WAE will be vertically integrated into Fortescue’s diversified resources and green energy business and will be managed via Fortescue Future Industries (FFI), Fortescue’s green energy and green technology division. Fortescue has worked closely with WAE since early 2021 to design and build a prototype battery system to power an electric mining haul truck, an important first step in the decarbonisation of Fortescue’s mining haul fleet.”

Fortescue Metals Group aims to decarbonize by 2030. This will be achieved by developing battery electric solutions to replace diesel for rail, mobile haul fleet, and other heavy mining equipment. WAE is seen as providing technology critical to the rapid transition. 

Fortescue Founder and Chairman Andrew Forrest AO said: “This is a major milestone in the future of our Company as we welcome WAE to the Fortescue family. FFI and WAE will work together to decarbonise Fortescue — and in turn the global heavy industry and hard to abate sectors — for the good of our planet, and the benefit of our shareholders. Today’s announcement builds on our commitment to remove fossil fuel powered machinery from our operations and to replace it with zero carbon emission technology, powered by FFI green electricity, green hydrogen and green ammonia.”

The focus will be in the off-highway sector, with a genuine commitment to creating a sustainable future faster and more effectively than anyone else in the world.

One of the first major projects to be developed will be a world-leading battery electric train concept, bringing green energy to Fortescue’s 3 km long freight trains. Fortescue and FFI will announce further details on this soon.

Watch this space! F1 meets ore trucks! Twiggy fits another piece to his puzzle. 

Source: www.wae.com

 

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Written By

David Waterworth is a retired teacher who divides his time between looking after his grandchildren and trying to make sure they have a planet to live on. He is long on Tesla [NASDAQ:TSLA].

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