In my personal opinion, this could be a game-changer for geologic hydrogen. Think about it: 1. Fortescue is buying 39.8% of HyTerra 2. They'll use the money to look for hydrogen in more places 3., They're planning to drill 6 wells instead of just 2 This made me wonder: Could geologic hydrogen be the next big thing in energy? Let's look at some numbers. @Paul Dial shared this interesting info about U.S. oil production: • 1859: 2,000 barrels • 1879: ~20 million barrels • 1906: ~126 million barrels • 2024: ~5 billion barrels Could we see a similar growth for geologic hydrogen? Yes or no? What do you think this development means for the future of hydrogen? Will we see the next project after Mali soon? Or is it too early to tell? P.S. You can follow the discussion on LinkedIn here

Yesterday, @Chad Levesque from Max Power and @Aaron Mattson from Mafic Consulting Group joined. We talked about the following low-carbon hydrogen news. Former Cameco Chairman Neil McMillan Joins joins Max Power as strategic advisor. This is notable since Cameco is one of the most known uranium companies. Chad explained how Max Power started as a lithium company and extended to geologic hydrogen. Aaron raised some important questions like the electrification of our grid with hydrogen and what Max Power is planning for the future. There is a good runway but another funding round wouldn't come with a surprise. Another notable event that was discussed in our call is the latest hire of HyTerra from Shell. HyTerra has appointed former Shell Chief Scientist and globally renowned geophysicist, Dr Dirk Smit as Chief Geophysicist. What do you think these hires mean for the industry's future? Do you think the U.S. election impacts the industry? Do you expect bigger announcements before the election happens? Let us know below.

Bonne fête nationale! Its Bastille Day today! We take the chance to take a look at the French Low Carbon Hydrogen Production Ecosystem: With 147 tracked low-carbon hydrogen production projects, France is one of the most important European countries. In our forecast, we estimate, that France will realize 1.7 GW of electrolyzer capacity by 2030. The French national hydrogen strategy had even bigger ambitions compared to our forecast: France's hydrogen strategy is centered on developing carbon-free hydrogen to drive the energy transition and industrial innovation, with three key objectives: decarbonizing industry by deploying 6.5 GW of electrolyzers by 2030, promoting clean mobility to save over 6 million tons of CO2 by focusing on heavy vehicles and fostering research, innovation, and skill development to create 50,000 to 150,000 jobs. The strategy is supported by a 7 billion euro investment by 2030 to enhance hydrogen technology deployment across various sectors. But who are the leading innovators pushing the sector forward? Of course, we need to mention Air Liquide at first, the French industrial gas major is already building one of the largest European electrolyzer facilities. The 200 MW grid-based Air Liquide NormandHy project, which we estimate will produce hydrogen at LCOH in a range between 5-7 EUR/kg after subsidies. France also has very exciting technology companies in the field. We need to mention the electrolyzer manufacturers McPhy, Elogen, Genvia & Gen-hy, as well as the low-carbon hydrogen startups Haffner Energy & 45-8 ENERGY-8. With Technip Energies & Axens, 2 globally leading process engineering firms are also based in France. Of course, the French ecosystem is much larger, than the mentioned firmsfar above 100 French hydrogen companies can be explored through our PtX market dashboard. Did you for example know, that some of the globally leading EPC Firms are based in France, or that the French nuclear sector is very important in driving the hydrogen economy forward?

What barriers both scientific and business related to think this industry will face on it's path to being a commercially viable part of the energy mix?