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Andrew Forrest’s Fortescue is now a software firm as well

London | Fortescue has signed a deal to sell battery performance software to Jaguar Land Rover for its electric vehicle fleet, a milestone in Andrew Forrest’s plan to turn his company into a global energy conglomerate serving non-Fortescue customers.

The deal involves a Fortescue unit formerly known as Williams, which was best known as a Formula 1 race car outfit. Dr Forrest bought it two years ago to design truck batteries and “gravity trains” for his mine sites.

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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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    Original URL: https://www.afr.com/companies/energy/andrew-forrest-s-fortescue-is-now-a-software-firm-as-well-20240520-p5jevz