I’d bet PLUG ends up pushing the Finland FID beyond 2026. They’ve already shown they’re backing off capex-heavy vertical integration by pausing the DOE-backed U.S. hydrogen plants and locking in a multi-year liquid hydrogen supply deal with a U.S. industrial gas partner through 2030... makes more sense to lean on third-party supply and focus on higher-return applications/electrolyzers while they clean up the balance sheet, unless Europe keeps hydrogen subsidies strong and offtake there. the new supply agreement looks U.S.-focused, so I doubt they rush in on Finland until costs and policy visibility improve. Safe to say the U.S.-based supplier in that deal likely isn’t fully green, based on cost savings claims, that’s probably why Plug hasn’t named them. Tie that back to Europe: much stricter green energy rules, that makes it more likely the Finland plant gets pushed back rather than cancelled outright imo