Source: Fortescue Williams announcement
EAST PERTH, Australia — Marking its transition to a global green renewables and resources company, Fortescue recently completed the acquisition of U.K.-based Williams Advanced Engineering (WAE).
To mark the purchase at the Oxfordshire site, WAE and Fortescue announced the development of a world-first, zero-emission “INFINITY TRAIN™”.
The regenerating battery-electric iron ore train project will use gravitational energy to fully recharge its battery-electric systems without any additional charging requirements for the return trip to reload.
Fortescue Founder and Chairman, Dr Andrew Forrest AO, said, “The Infinity Train will not only accelerate Fortescue’s race to reach net-zero emissions by 2030, but also lower our operating costs, create maintenance efficiencies and productivity opportunities.
“The Infinity Train will join Fortescue’s green fleet under development and will contribute to Fortescue becoming a major player in the growing global market for green industrial transport equipment, providing great value for our shareholders.
“The commercial opportunities are obvious for FFI as it pioneers this technology, captures its value and distributes it globally. Less obvious, is that we have an opportunity to not only lower our operating costs, eliminate the cost of diesel from our company but of course eliminate our rail system carbon emissions.
“Today’s announcement will also help reverse the British brain drain, retaining brilliant British engineers working here in the UK and contributing to the local economy.
“The Infinity Train continues FFI’s inexorable march to change the world’s attitude to energy generation. To move business leaders and politicians globally to the realization that fossil fuel is just one source of energy and there are others now, like gravitational energy, rapidly emerging, which are more efficient, lower cost, and green. The world must, and clearly can, move on from its highly polluting, deadly if not stopped epoch of fossil fuel,” Dr Forrest said. To view the entire announcement, click HERE