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In 1960, a stroke of genius – the invention of the coaxial valve – laid the foundation of what has become a globally operating family-owned company that caters for a wide range of industrial customers. To this day, and more so than ever, the müller coax group remains committed to developing high-performance valves for the most extreme conditions.

When I switched careers and started working for an industrial gas company, I presented a hydrogen business case I was working on to my boss’s boss. I went into this meeting a bit sweaty palmed, but as the session progressed, I felt it was going well, up to a point. Then I was asked what natural gas price the hydrogen price in the model was based on, and I could not answer on the spot. What followed was a hairdryer treatment that seriously bruised my confidence. Later my boss told me not to worry too much as his senior was a notoriously tough character, and calibrating recruits was par for the course. He also gave me this simple rule which I remembered well: never quote a hydrogen price without an energy price assumption.