From Hydrogen to Hyperscale: Why Monarch Energy Evolved When Monarch Energy was founded, our mission was clear: develop powered land.  Large, strategically located sites with access to industrial-scale electricity, water, and infrastructure to support the next generation of clean industry. Initially, we focused that mission on green hydrogen. We built a 4 GW electrolyzer pipeline, secured sites across the U.S. Gulf Coast and Midwest, and assembled one of the most capable development teams in the space. But over time, the economics, timelines, and market signals shifted, and so did we. Today, Monarch Energy is fully focused on powered land for hyperscale datacenters, the physical foundation powering the AI revolution. The Common Ground Whether you’re siting a hydrogen hub or a datacenter campus, the fundamentals are remarkably similar: Monarch’s expertise in assembling and entitling complex, power-intensive real estate applies equally to both sectors. Hydrogen: A Proving Ground Developing green hydrogen projects required clearing one of the toughest regulatory bars in energy. The 45V tax credit’s “three pillars” required hourly matching, additionality, and regionality. Every unit of hydrogen production had to be paired, hour by hour, with new renewable generation from the local region. That made power procurement extraordinarily difficult. But it also made Monarch sharper. We built the team, tools, and network to model, procure, and deliver clean power under the strictest frameworks. Now, that same capability puts us in a fantastic position to help datacenter customers secure reliable, low-carbon power mixes that meet both operational and corporate goals. Two Markets, Two Tempos The difference lies in commercial momentum. For developers who can deliver large-scale power quickly, the opportunity is clear. The Pivot Our shift wasn’t a departure; it was a continuation of the same DNA. Both industries center around accessing high-voltage interconnections, and Monarch’s core competency has always been linking power-hungry assets to the grid at scale. The only difference is what sits behind the meter: hydrogen plants then, AI compute today. The common thread is infrastructure excellence: deep interconnection expertise, site control discipline, and the ability to navigate complex permitting and incentive landscapes. The Future At Monarch Energy, we believe the next industrial revolution is digital, and it runs on power. Hydrogen may still have its day. But right now, the world’s most urgent infrastructure need is clear: bringing massive amounts of power to where AI is being built. And yes, we get the irony. The Monarch name was always about transformation. That’s how we see our path, not as a pivot, but as a natural evolution toward what the market demands. Our mandate as entrepreneurs is to deliver what the market needs. And our past is what positions Monarch so well to deliver in the present and the future.