Andrew Forrest, motorsports mogul, revs up his British business

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The Fortescue boss is using the intense competition of motor-racing to drive technical innovation at his mines. Just don’t expect to see him trackside.

has taken him in some unlikely directions. But possibly none has been more unexpected than his emergence as a mogul of global motorsports.because he needed their engineering expertise to develop carbon-free trucks for his iron ore operations in the Pilbara.Domenico Pugliese

“We didn’t need to crack cutting-edge technology by going to war with someone. … It’s great to propagate brand-new technologies … just from the friendly environment of sports competition.” Dr Forrest said he was “delighted” to be a major motorsports’ player, noting that on the “Formula E” circuit for electric vehicles , all the cars used WAE batteries.“And the two cars who came first and second, they didn’t use just WAE batteries, but our entire car. So we’re obviously chuffed about that, that what we’re doing is highly competitive in the world.”

The challenge she faces is to manage a company that is now expanding and diversifying at breakneck speed – a moment that often crashes a business. Dr Forrest was excited about the “magic marriage” of a battery and hydrogen in the Extreme H prototype. But he said that was only one front on which WAE was pushing forward.

 

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