Fortescue Zero

What Fortescue Zero does

Fortescue Zero is the green technology and decarbonization arm of Fortescue Ltd (ASX: FMG), one of the world's largest iron ore producers. Founded in 2023 around Fortescue's Real Zero emissions target for 2030, the company develops electric powertrains, battery systems, charging infrastructure, battery intelligence software, and autonomous fleet orchestration for hardest-to-abate heavy-industry sectors including mining, construction, rail, and automotive. Its core product set comprises Heavy Industry Power Systems engineered for operation between -20°C and 60°C; Elysia Battery Intelligence, a software and cloud analytics platform with over 7GWh of connected battery assets; Autonomous Fleet Solutions for mine-site orchestration; static and mobile charging systems capable of recharging a 250-ton haul truck in 30 minutes; Motorsport Solutions including a 600 kW Formula E Pit Boost unit; and a Decarbonisation Advisory service that uses simulation and modeling to plan fleet transitions. The R&D and operating footprint spans the UK, Australia, and the US, with subsidiary technology acquired from Spain's Nabrawind (wind) and a Peruvian copper foothold via Alta Copper.

Fortescue Zero monetizes through a mix of enterprise hardware sales (power systems, charging infrastructure, mining equipment), recurring software subscriptions (Elysia, autonomous fleet), motorsport services including white-labeled team management for Formula E, and professional services for decarbonization roadmapping. The go-to-market is enterprise field sales targeting heavy-industry operators, supported by technology demonstrations, bench testing in extreme environments, and total-cost-of-ownership models intended to show that electrification is profitable versus diesel. Pricing is quote-based and not publicly disclosed; contracts are anchored by long-cycle mining and motorsport deployments.

Strategically, the business is in an active build-out phase: a September 2025 partnership cluster with BYD, LONGi, XCMG, Envision Energy, and Liebherr at the UN General Assembly established an integrated OEM ecosystem for mining decarbonization, while a planned deployment of 300-400 zero-emission 240-tonne haul trucks in the Pilbara by 2030 represents a major internal demand anchor. Offsetting this, Fortescue Ltd executed job cuts in October 2025 and cancelled US green hydrogen projects and Michigan EV facilities, signaling a refocus of capital and headcount toward the Fortescue Zero business model rather than continued US green-energy expansion.

Name

Fortescue Zero

Legal name

Fortescue Ltd

Website

https://fortescuezero.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Fortescue Zero is the green technology arm of Fortescue Ltd, developing electric powertrains, battery intelligence software, autonomous fleet systems, and fast-charging infrastructure for heavy industry decarbonization in mining, construction, rail, automotive, and motorsport.

Ownership category

akta.pro rank

Product category

Heavy Industry Electrification

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Engines & Turbines (3510), Special Industry Machinery, Nec (3559), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Reciprocating Engine Generator Sets (Diesel/Gas/HFO) (IMAHAFAC)

akta.pro secondary industries

Dispatchable Distributed Generation (Gas Reciprocating Engines, Microturbines) (EUACALAI), Powersports Electrical & Electronics Manufacturing (ECUs/BMS/Sensors/Wiring/Lighting) (IMACAEAL)

Keywords

• Electric powertrain systems
• Battery intelligence software
• Heavy industry electrification
• Fast charging infrastructure
• Autonomous fleet management

Headquarters

HQ city

Kidlington

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Power Systems Sales: Sale of heavy industry electric power systems including battery systems, powertrains, and charging infrastructure to mining, construction, rail, and automotive sectors.
2. Elysia Battery Intelligence Software: Battery intelligence software and cloud data analytics sold as a service to maximize safety, reliability and performance of battery systems across connected assets.
3. Autonomous Fleet Solutions: Software and services for orchestrating mine site autonomous operations, maximizing safety, sustainability and organizational efficiency.
4. Motorsport Solutions: White labeled team management, operations services, and power/charging systems for Formula E and other tier one motorsport series.
5. Decarbonisation Advisory: Using advanced simulation and modelling to help organisations map the path to Real Zero by analysing fleet behaviour, energy demand and job requirements with insights proven across real mining operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Fortescue Zero designs, develops, and sells electric powertrain systems, battery intelligence software (Elysia), autonomous fleet orchestration solutions, and static/mobile fast-charging systems for heavy industry decarbonization. It also provides white-labelled motorsport power and team management services (including Formula E Pit Boost) and decarbonisation advisory based on simulation and modelling. Customers are primarily heavy-industry enterprises in mining, construction, rail, automotive, and tier-one motorsport.

Product overview

Fortescue Zero is a multi-product decarbonisation technology platform providing integrated solutions for heavy industry electrification. The portfolio includes Heavy Industry Power Systems for electric power systems across mining, construction, rail and automotive markets; Elysia Battery Intelligence battery software and cloud analytics; Autonomous Fleet Solutions for mine site orchestration; Motorsport Solutions and Charging Systems including ultra-fast charging capable of powering both heavy haul trucks and Formula E racing cars; and Decarbonisation Advisory consulting services. These products work together to enable industries to achieve Real Zero emissions through the company's ecosystem of connected power systems, battery intelligence software, and charging infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Elysia Battery Intelligence: Battery software and cloud data analytics platform that maximizes safety, reliability, and performance of battery systems, connecting battery data with electrochemistry, battery systems, and data science.

Products and services

• Heavy Industry Power Systems

Quantifiable outcome

• Charge a 250-ton haul truck in 30 minutes
• +5 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Tłı̨chǫ First NationminorStrategic or Co-development Partner · 27 March 2026Tłı̨chǫ government signed memorandum of understanding with Fortescue for mineral exploration on traditional lands in Canada's Northwest Territories. Project aims to assess potential for lithium, cesium, and tantalum as part of economic self-sufficiency vision.
• Envision EnergycoreTechnology or Integration · 22 January 2026Envision Energy grid-connected first AI wind turbine prototype for Fortescue's Nullagine Wind Project featuring 17 Envision EN182-7.8MW AI wind turbines equipped with Nabrawind's self-erecting tower technology and Envision's Dubhe Energy Foundation Model, the world's largest Physical AI system.
• BYDcoreTechnology or Integration · 25 September 2025Fortescue Zero signed agreement with BYD for battery storage technology as part of global partnerships announced during UN General Assembly. BYD provides battery storage systems integrated into Fortescue's decarbonization solutions for heavy industry applications.
• LONGicoreTechnology or Integration · 25 September 2025Partnership with LONGi for solar technology integration into Fortescue's renewable energy portfolio supporting the Real Zero emissions target.
• XCMGcoreTechnology or Integration · 25 September 2025XCMG partnership for battery electric haul trucks to be deployed in Pilbara mining operations. Part of plan to deploy 300-400 zero-emission 240-tonne trucks by 2030.
• Envision EnergycoreTechnology or Integration · 25 September 2025Partnership for wind turbines supporting Fortescue's Real Zero decarbonization strategy. Envision Energy successfully grid-connected first AI wind turbine prototype for Nullagine Wind Project in Pilbara region with 17 Envision EN182-7.8MW AI wind turbines.
• LiebherrcoreTechnology or Integration · 25 September 2025Existing partnership with Liebherr continued and expanded to deploy zero-emission mining equipment in Pilbara operations as part of decarbonization strategy.
• NabrawindcoreStrategic or Co-development Partner · 25 September 2025Fortescue acquired Spanish wind technology company Nabrawind to accelerate industrial decarbonization. Nabrawind provides self-erecting tower technology (188-meter hub height) for wind turbines.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Williams Advanced Engineering: Williams Advanced Engineering develops high-performance battery systems and electrification technology with deep motorsport heritage (Formula E battery supplier). Directly comparable as a tier-one motorsport-to-heavy-duty battery and powertrain technology developer transitioning into industrial applications.

Broad incumbents

• ABB: ABB is a global leader in industrial electrification, EV charging infrastructure, and battery energy storage. Comparable as a broad incumbent offering overlapping capabilities in heavy-industry power systems and charging through its E-mobility and Motion divisions.
• Wärtsilä: Wärtsilä is a major provider of power generation systems and is actively pivoting toward future fuels and energy storage for marine and industrial markets. Comparable in heavy-duty power systems and decarbonization advisory services for industrial customers.
• Caterpillar: Caterpillar is the dominant mining and construction equipment OEM, now actively developing battery-electric and hydrogen prototypes (including the Cat 793 electric haul truck). Directly comparable as a competing supplier of electrified heavy machinery into the same mining customers.
• Komatsu: Komatsu is a leading mining and construction equipment manufacturer with active battery-electric haul truck and autonomous fleet programs (FrontRunner). Directly comparable as a competitor in electric mining trucks and autonomous mine site orchestration.
• Cummins: Cummins is a global power generation leader now expanding into electrified powertrains, battery systems, and hydrogen fuel cells for heavy-duty applications. Comparable across power generation, drivetrain electrification, and battery technology development.
• Volvo Construction Equipment: Volvo CE is one of the most advanced construction equipment OEMs in electrification, with multiple electric compact machines in production and active quarry pilot projects. Comparable in electrified heavy construction equipment and battery integration.
• Hitachi Energy: Hitachi Energy supplies grid infrastructure, power conversion, and EV charging solutions globally, including heavy-duty applications. Comparable in industrial power systems, charging infrastructure, and grid-tied renewable integration.
• Envision AESC: Envision AESC is a major battery cell and energy storage manufacturer and a sibling to Envision Energy (Fortescue's wind partner). Comparable in battery technology and grid-scale storage supporting heavy industry decarbonization.

Emerging players

• TeraWatt Infrastructure: TeraWatt Infrastructure is developing heavy-duty EV charging depots and grid infrastructure for medium- and heavy-duty electric fleets. Comparable as an emerging player in commercial-scale charging systems for fleet electrification, though more fleet/transportation focused than mining.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/fortescuenews
• Facebookfacebook.com/fortescuemetalsgroupltd
• LinkedInlinkedin.com/company/fortescuezero

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fortescue Zero