In 2025, the perception of hydrogen as a wonder fuel has evolved to a more practical understanding of its limitations, marking a significant shift in the industry. At the CERAWeek by S&P Global energy conference in Houston, Texas, industry proponents gathered to discuss this transition. The sector's trajectory since President Joe Biden's administration prioritized hydrogen for emission reduction and job creation, with lucrative tax incentives in the Inflation Reduction Act, has been tumultuous. While project proposals surged initially, a lengthy review process led to frustration. However, industry experts like Chevron's Austin Knight remain optimistic, highlighting tangible projects like the ACES Delta joint venture with Mitsubishi Power in Utah. This project aims to convert renewable power into hydrogen for storage in underground caverns, showcasing a practical application of hydrogen technology. The industry now views hydrogen as a targeted tool for 'hard-to-abate' sectors like steel and chemicals, moving away from its previous status as a Swiss knife solution for all problems. This shift was evident at the CERAWeek conference, where the Hydrogen Hub was replaced by the New Energies Hub, emphasizing a diversified approach to clean energy. Companies are now focusing on projects that are economically viable and can materialize in the near future, catering to demand for lower-carbon fuels in regions like Europe and Asia. For instance, Black & Veatch secured a deal for a 60MW renewable hydrogen plant near the Texas Gulf coast, reflecting the industry's move towards realistic and profitable hydrogen initiatives. Overall, the industry's emphasis on feasible projects and revenue generation signals a positive evolution in the hydrogen sector.