Fortescue Metals will direct at least $400 million into renewable energy technologies such as wind, solar and green hydrogen, as it ramps up its push to be one of the world’s biggest clean energy companies. Through its new subsidiary, Fortescue Future Industries (FFI), the company plans to build between 300 and 1000 gigawatts of renewably-generated capacity around the world, largely for use in manufacturing green hydrogen. On February 23, 2021, FFI announced that former Australian Prime Minister Malcolm Turnbull will serve as the subsidiary’s chairman.