Fortescue to invest in hydrogen startup TES

Australian mining company Fortescue Metals Group is investing €130m ($129m) in Belgian-based hydrogen startup Tree Energy Solutions (TES), a company that is developing a green energy hub in the German port of Wilhelmshaven. Under the agreement, Fortescue’s green energy division, Fortescue Future Industries (FFI), will invest €30m to become a shareholder in Tree Energy Solutions