At the start of 2021, we were still seeing a real hype around hydrogen stocks. Then came a powerful backlash. I see this as a healthy correction to a short-term overheating that is now clearly bottoming out. Despite prices retreating recently, it will result in a stable upward trend in the long run for these stocks in 2022. Still, the plans being announced across the world at present to expand the hydrogen economy are triggering a kind of gold rush. And it is not just the many conferences, strategies and projects that are contributing to this picture but the specific intentions of numerous countries and companies to use technology to combat climate change too.