A clean energy future is in safer hands in the private sector

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There are a growing number of opportunities in the business world that incentivise CEOs to champion the renewables sector.

There are a growing number of opportunities in the business world that incentivise CEOs to champion the renewables sector. Industry leaders looking for the right investment into this vitally important, rapidly emerging field needn’t look too far. The technology is already established, and these opportunities align with the renewable energy solutions of the future.

It’s a philosophy and movement in which I’m particularly invested. Our company, ResetData, is dedicated to developing an array of environmentally-sound data centres. Our use of solid oxide fuel cells to power these data centres has multiple benefits, including reduced emissions and the capacity to save billions of litres of water every year. This is the central focus of and motivation behind our business: taking action when it’s clear that key figures in government are not doing anywhere near enough.

I see a leading example of a similar push towards cleaner energy in Andrew ‘Twiggy’ Forrest, the mining billionaire and founder of Fortescue Future Industries (FFI). He has announced that FFI will build the world’s largest green energy hydrogen manufacturing facility in central Queensland. This comes on the heels of statements he made earlier this year affirming it was estimated the green hydrogen market could generate revenues of US$12 trillion by 2050.

This facility represents a $1 billion-plus investment on FFI’s part. Once completed, it will have a green hydrogen manufacturing capacity estimated to be the biggest of its kind in the world, bringing thousands of jobs to Queensland’s energy industry.

Green energy infrastructure and equipment — such as electrolysers, cabling and wind turbines — will be manufactured to create green hydrogen that Australia would then export around the world. The facility also looks to double the world’s green hydrogen production capacity, producing two gigawatts of hydrogen electrolysers each year.

“This is the future,” Forrest said, citing hydrogen’s capabilities.

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