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The hype was genuine enthusiasm, the reality is somewhat Sisyphean :(

eg: Fortescue- Feb 2026

  Fortescue launched two battery-electric locomotives this week, rounding out its fleet of 70 diesel-powered machines hauling precious iron-ore from pit to port.

  The pair [ of battery powered locomotives ] will save the company 1 million litres of diesel each year, still just a fraction of the 80 million litres the company consumes annually.
and

  ... the company's stalled "Infinity Train" concept.

  Andrew Forrest had previously touted an in-house electric rail model, developed with Australian engineering firm Downer Group, that generated all the power it needed using the uphill-downhill dynamics of the Pilbara ranges. 

  The project was canned, however, in September, axing more than 100 staff.
~ https://www.abc.net.au/news/2026-02-15/fortescue-battery-ele...

Definitely going for it, still a ways to go.

Fortescue's hydrogen generation pilot plants went well and have closed up shop - the economics are "close" but not "feasible" in the current climate - still too many subsidies for Chevron and LNG and too few for novel gas startups that need a full stack to function (generation + storage + usage).

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