Salzgitter

So I think this is the hard data and the hard data shows that things proceed step by step.

So I was, for example, in June, I was in Salzgitter where one of the first It's probably the first 100 megawatt electrolyzer.

The steel plant is in advanced construction, will be commissioned, you know, in the next two quarters.

So these kind of things are happening.

So I think this time synchronicity of significant regulatory changes in the CO2, uh, mechanisms in, in Brussels make it quite difficult for large industrial companies to navigate through the current situation.

But what we are seeing is some very large industrial heavyweights that have started to decarbonize using green hydrogen, uh, the Salzgitter steel company.

We're starting with the transformation, but it is cost sensitive, so it will take a... quite a lot of time, I think.

Yeah.

And then I am pretty sure that companies will see there is a need for decarbonization.

CO2 emission certificates will become really expensive in the future, so there is a way to start using green hydrogen and to prevent very high CO2 costs for us.

In Germany, for instance, one company going that road is the Salzgitter.

It's, it's a big steel manufacturer.