The hype cycle posits that a new technology will generate vast excitement and high expectations, which tend to end in bitter disappointment. From that disillusionment, a more realistic way forward may emerge.
Hydrogen, the energy source that has produced more hype than heat in recent years, is starting along that path. Electrolyser maker Thyssenkrupp Nucera sketches out the way of things to come.
The €2bn group was listed in July 2023 by Germany’s Thyssenkrupp and Italy’s De Nora, which still own three-quarters of the shares between them. Something of an oddity in an industry beset by teething problems and shrinking forecasts, it does what it says on the tin.
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