Post by Viacheslav Shirokikh

More than 60 wells. More than 10 years. Hundreds of millions of dollars invested. Yet the geological hydrogen industry is still waiting for its first widely recognized commercial discovery. Perhaps the most important question for investors today is not which company to fund. Perhaps the question is whether the market has spent the last decade testing the right geological hypothesis. In my latest article, I explore why hydrogen investors may be choosing between competing models of the Earth itself — and why one of those models has received decades of attention while the other has barely been tested at all. Before you write the next hydrogen check, it may be worth asking which hypothesis you are actually funding.