Australia's Progressive Green Solutions (PGS), a cornerstone developer and providers of sustainable energy system solutions, has selected thyssenkrupp nucera as its preferred supplier of electrolyzers, with a total installed capacity of 1.4 GW for the production of green H₂ for the Mid-West Green Iron project. This project aims to annually produce 7 million tons of green iron pellets, converting half of this to make 2.5 million tons of green hot briquetted iron (HBI) in Western Australia’s Midwest region near the regional city of Geraldton.

HBI is a compressed form of Direct Reduced Iron (DRI), which will be exported as a value-added product from Western Australia. The plant will be powered by renewable energy, consuming green H₂ whilst utilizing local magnetite iron ore. This will help to significantly reduce CO₂ emissions by up to 90 percent, compared to traditional steel production.

This flagship Giga-scale project will transform the region into a global center for green iron production with first export anticipated in 2029. The project has an integrated supply chain from mine to port, utilizing already established key infrastructure. PGS's long-term goal is to produce and export up to 30 million tons of DR-grade green pellets, plus 10 million tons of green HBI per year as it scales up its plant.

With the selection of the world's leading provider of electrolysis technologies, PGS is relying on thyssenkrupp nucera's state-of-the-art, scalable and highly efficient alkaline water electrolysis technology with its modularized 20-MW scalum units to produce the required green H₂.

James Rhee, Managing Director of PGS, stated, “We appreciate the effort and expertise that the thyssenkrupp nucera Australia team has provided for our lighthouse green iron project to date. As a partner with proven technology and execution competence, we look forward to progressing the cooperation with thyssenkrupp nucera in the next stages of the project.”

Dr. Johann Rinnhofer, CEO of thyssenkrupp nucera Australia stated, “The collaboration between PGS and thyssenkrupp nucera is an exciting step toward pioneering the green iron opportunity in Australia, whilst reducing the carbon footprint of steelmaking globally.”

thyssenkrupp nucera will continue to develop the project, which is currently still in an early planning phase, together with the customer and work toward signing an engineering, procurement, fabrication (EBF) contract. The realization of the project is subject to a final investment decision (FID). This project is not expected to have any relevant impact on thyssenkrupp nucera's sales and earnings before fiscal year 2026/27.