Fortescue Metals Group has made the decision to shift its focus from manufacturing to research and development in the green hydrogen sector, resulting in the loss of around 90 jobs. The company is reallocating efforts towards the development of new technologies aimed at producing green molecules efficiently and cost-effectively to support the green iron industry. This move follows a review of its green energy investments due to market uncertainty and external pressures. CEO Mark Hutchinson highlighted the need to realign project timelines to adapt to changing market conditions and policy uncertainties. Despite challenges faced by the green hydrogen sector such as slow momentum, tepid demand, and policy volatility, Fortescue remains optimistic about the future of green hydrogen. The company acknowledges the need for a more disciplined approach in managing its green energy pipeline and adjusting timelines to reflect economic realities. While facing setbacks in Australia's hydrogen sector, Fortescue continues to invest in electrolyser technology advancements, keeping a positive outlook on the role of green hydrogen in the energy transition.