India’s Hydrogen Revolution vs. Wall Street’s Harsh Reality

In this episode of The Hydrogen Podcast, we go deep into the latest hydrogen developments from India and the U.S.—and what they mean for the global energy future. 🌍 India’s Hydrogen Story$21B Pudimadaka green hydrogen hubNTPC’s Ladakh refueling station & methanol-from-CO₂ pilotsGAIL’s 10 MW PEM electrolyzer + gas blending trialsHPCL & BPCL refinery decarbonization and biomass hydrogen pilotsAdani’s giga-scale ambitions backed by renewables 🇺🇸 U.S. Public ProjectsHydrogen buses, trucks, and transit fleets deployed at scaleNYSERDA’s $11M R&D funding across storage, healthcare, maritime, and distributionCalifornia’s $1.85B Lancaster Clean Energy Center (22,000 TPA green H₂)Gulf Coast mega-projects reshaping industrial hydrogen 📉 Wall Street Reality CheckPlug Power: 11% YOY revenue growth, but gross losses of $73MStock down 55% from highs, 29% YTDAnalysts cautious: recurring cash burn, subsidy dependence, unproven business modelCore business still reliant on Amazon, Home Depot, Walmart ⚖️ Key Lessons:Hydrogen must be deployed where it’s technically superior & economically justifiedIndustrial hubs, transport, fertilizer, and grid backup offer the strongest returnsMarket corrections = discipline, not weaknessReal projects are moving forward, but hype-driven ventures won’t survive Hydrogen’s next decade will be won by execution, economics, and clear demand—not headlines. Support the show