California retail hydrogen pump prices reached a new record-high in September, one year after supply disruptions began to shut down refueling stations and light-duty hydrogen vehicle sales started to fall…
Supply disruptions starting about a year ago were followed by continuous increases in retail hydrogen prices in the state, averaging $33.49/kg this year so far, Platts data shows. The latest assessment reflects a 119% increase in monthly average prices since Platts started the assessments in September 2021.
Why were there “supply disruptions”? Air Products and suppliers raised prices? Why? Higher costs?
When made from natural gas hydrogen should be readily available. Gas is abundant. But blue hydrogen requires capture of carbon dioxide and sequestration.
On an energy basis, hydrogen at $33.49/kg is equivalent to $30.87 per gallon for gasoline. Gasoline is expensive in California, but it isn’t that expensive.
But that is not news. That is the way it has always been. Perhaps promises were made that hydrogen costs would fall and that didn’t happen. People who buy green hydrogen vehicles should know what they are getting into.
Maybe, but prices have doubled in a bit over two years. Another article mentions that carbon credit prices used as a subsidy have declined (don’t know the backstory there) and rising input costs.
