Hybot unveils hydrogen-powered heavy duty truck in Guangdong province, China

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5. Looks like a temporary thing

Green hydrogen prices have nearly tripled as energy costs climb: S&P

Published July 21, 2022

By Emma Penrod

Dive Brief:

• The cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg in late July, three times recent price norms, according to S&P Global Commodity Insights.


• Because hydrogen must be derived from inputs such as natural gas or renewable electricity, the cost of hydrogen rises alongside these resources, according to Alan Hayes, head of energy transition pricing for S&P Global Commodity Insights. Surging energy costs in the Electric Reliability Council of Texas market have driven the largest hydrogen price hikes, Hayes said.


• In spite of recent price trends, long-term interest in hydrogen as an alternative energy resource continues to grow, according to Brian Murphy, a senior analyst covering hydrogen and low carbon fuels for S&P Global Commodity Insights.

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The cost of hydrogen from U.S. electrolyzers shot up to $16.80/kg in July as a result of energy price hikes that took place in the ERCOT market during a heatwave between July 6 and July 12, according to data from S&P Global Commodity Insights. Electrolytic hydrogen is derived from water and electricity, especially excess renewable energy, to create a carbon-free fuel source. This means hydrogen prices fluctuate alongside electricity prices, Murphy said.

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