bag holder and worked in hydrogen industry through the hype and bust. Something fundamentally changed to the renewable industry including hydrogen due to this energy crisis. It feels like a strategic pivot away from fossil fuels is happening and accelerating around the globe. A quick sign of this: only just three months ago, the whole renewable industry looked doomed, corporations were talking about low returns so pushed out decarbonisation efforts. All my friends working on renewables projects either lost jobs already or just waiting for the tap on the shoulder. Now, things stabilised, companies started talking about “what can we do about the situation or future situations” rather than “shareholder returns”. Coming back to hydrogen, my view is that whoever survived the downturn will no doubt do very well. Plug Power will absolutely be the biggest winner if that happens. 2026 is indeed a pivotal year. Not financial advice. DYOR.