Fortescue

Australian mining company Fortescue specializes in the exploration, development, production, processing, and sale of iron ore. It has been a leader in large-scale decarbonization, which includes replacing diesel equipment and developing green-hydrogen and green energy. The company stands out for funding its decarbonization efforts with its core iron ore business. It’s also focusing its clean-energy R&D on green iron/steel, a pivot away from speculative hydrogen exports. For 2028, Fortescue is developing a green energy initiative that will integrate 1.5-watt solar, 900-megawatt wind, and 5-gigawatt per hour battery storage to power its Pilbara operations. Read more: Inside Fortescue’s billion-dollar bet to decarbonize mining—and help rebuild Ukraine