The Hydrogen Podcast
Welcome to The Hydrogen Podcast! This show is for energy investors and analysts who want to learn about how hydrogen is driving the evolution of energy. We will drill down into the hydrogen market and discuss where capital is being deployed and where financial opportunities are developing. Learn from Paul Rodden, the hydrogen consulting expert that is on the speed dial of billionaire oil magnates and is dialed in to the advances and financial opportunities that hydrogen presents in the energy market. Inside each episode, Paul interviews thought leaders who are invested in the future of energy and driving the hydrogen market to new heights. He also shares his insights on the current opportunities and developments with complete transparency. From overall strategy, to future casting, to lessons learned, Paul will be your guide as you explore the concept of hydrogen as a fuel source, the advancements in the industry (present and future), and the economic opportunities that are available for potential investors.
The Hydrogen Podcast
India’s Hydrogen Revolution vs. Wall Street’s Harsh Reality
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Paul Rodden
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Season 2025
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Episode 446
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 hub
- NTPC’s Ladakh refueling station & methanol-from-CO₂ pilots
- GAIL’s 10 MW PEM electrolyzer + gas blending trials
- HPCL & BPCL refinery decarbonization and biomass hydrogen pilots
- Adani’s giga-scale ambitions backed by renewables
🇺🇸 U.S. Public Projects
- Hydrogen buses, trucks, and transit fleets deployed at scale
- NYSERDA’s $11M R&D funding across storage, healthcare, maritime, and distribution
- California’s $1.85B Lancaster Clean Energy Center (22,000 TPA green H₂)
- Gulf Coast mega-projects reshaping industrial hydrogen
📉 Wall Street Reality Check
- Plug Power: 11% YOY revenue growth, but gross losses of $73M
- Stock down 55% from highs, 29% YTD
- Analysts cautious: recurring cash burn, subsidy dependence, unproven business model
- Core business still reliant on Amazon, Home Depot, Walmart
⚖️ Key Lessons:
- Hydrogen must be deployed where it’s technically superior & economically justified
- Industrial hubs, transport, fertilizer, and grid backup offer the strongest returns
- Market corrections = discipline, not weakness
- Real 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.