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.
Dive Insight:
Hydrogen, it seems, is not…