Green iron exports could generate around AUD 96 billion in annual export revenue by 2040, based on projections associated with the Australian government’s Green Iron Investment Fund. Whyalla Green Iron Project Shows Enormous Power DemandA potential 2 million tonne green iron facility at Whyalla in South Australia demonstrates how dramatically green iron could change regional electricity requirements. Green Iron Economics Depend on USD 30-40/MWh Renewable PowerElectricity prices could ultimately determine whether Australian green iron becomes globally competitive. Carbon Prices Could Strengthen Green Iron CompetitivenessCarbon pricing is another factor that could influence demand for Australian green iron. Australia Needs Green Iron, Renewable Energy and Grid Investment to Move TogetherAustralia already has extensive experience building resources supply chains, but green iron introduces a new level of complexity.