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PLS Group Powers Up with 20-Year Clean Energy Deal

28 Oct

Summary

PLS Group secured a 20-year power purchase agreement.
FMG Clean Energy will supply power to the Pilgangoora operation.
Investment of A$150 million is planned for infrastructure upgrades.

PLS Group, Australia's largest independent lithium producer, has secured a vital 20-year power purchase agreement with FMG Clean Energy, an entity owned by iron ore miner Fortescue. This agreement, finalized on Wednesday, October 28, 2026, is designed to address the increasing power requirements for PLS Group's Pilgangoora operation as part of its P2000 expansion initiative.

The company, Australia's largest independent lithium producer, is preparing to allocate a substantial investment of approximately A$150 million. This capital expenditure is planned to occur between 2027 and 2029, focusing on critical upgrades to transmission connections and overall power infrastructure to support its expanding operations.

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