• Fortescue to deliver world's first industrial and fully integrated green energy grid to eliminate fossil fuels
• Targeting 290MW of renewable capacity by early next year, powering all operations without fossil fuels by end of 2027
• Expects to save US$100 million in fossil fuel costs by next year and further reduce C1 costs by US$2-4/wet metric tonne

Fortescue Ltd (ASX: FMG) is pleased to announce it is accelerating delivery of the world's first industrial and fully integrated green energy grid dedicated to eliminating fossil fuels from large-scale industry, at a scale comparable to a city. Unlike other large renewable hubs, Fortescue's off-grid system will be the largest of its kind dedicated to decarbonising major industry around the clock. By early next year, the Company expects to complete 290MW of installed renewable capacity to meet the fixed energy requirements of its ore processing facilities, enabling daytime 'green processing' across its Pilbara operations. Later that year, the system will power all of Fortescue's operations for 24-hour periods without fossil fuels, well ahead of its previously announced Real Zero plans targeting December 2030. Fortescue is expecting full completion of its Pilbara green grid by the end of 2028, incorporating 1.2GW of solar capacity, more than 600MW of wind generation, and 4-5GWh of battery energy storage. The deployment will support the replacement and electrification of Fortescue's fixed plant operations, iron ore processing facilities, and end-to-end processing and logistics infrastructure. Fortescue expects to save US$100 million in fossil fuel costs by next year, and at the completion of its decarbonisation program, expects to see a further reduction in C1 unit costs of at least US$2 - US$4/wet metric tonne. Fortescue sees a clear pathway to expand its green energy system by a further approximately 2GW of power generation capacity, firmed with 4GWh of advanced batteries, for less than US$2.5 billion. The Company intends to replicate this green grid model globally, with further acceleration of delivery timelines, cost reductions, and leveraging of proprietary technologies.

Fortescue expects to save US$100 million in fossil fuel costs by next year, and at the completion of its decarbonisation program, expects to see a further reduction in C1 unit costs of at least US$2 - US$4/wet metric tonne.

Fortescue sees a clear pathway to expand its green energy system by a further approximately 2GW of power generation capacity, firmed with 4GWh of advanced batteries, for less than US$2.5 billion. The Company intends to replicate this green grid model globally, with further acceleration of delivery timelines, cost reductions, and leveraging of proprietary technologies.