Thank you for the question.
Like most emerging energy sectors, it requires support to get off the ground because the economics are challenging until you achieve economies of scale and the technology gets better. That is where we are with the hydrogen sector today. It's where the wind and solar industries were 15 or 20 years ago. I don't see this sector being any different. In order to get costs down, we have to be prepared to start relatively small and provide the support required to make projects economical. As we start to scale, the costs will come down.
Also, it's important to remember that, for green hydrogen production, about two-thirds of the cost is the cost of renewable electricity. As the cost of onshore wind, solar and other types of renewable energy comes down, the feedstock that goes into hydrogen production also comes down, which automatically makes the cost of green hydrogen production significantly lower.
