Did green hydrogen prices really triple in July?

An S&P Global Commodity Insights analysis shows that rising energy costs spiked H2’s price tag.The cost of green hydrogen produced using renewable energy powered electrolysis rose as high as $16.80 per kilogram in late July, according to S&P Global Commodity Insights.That price tag represents a substantial increase in the cost that was expected to start a rapid decline.The price associated with the production of green hydrogen is reliant on the cost of renewable electricity production. The reason is that it is that renewable electricity that powers the electrolyzers that produce the H2 by splitting water molecules.That said, according to S&P Global Commodity Insights Head of Energy Transition Pricing Alan Surging, it wasn’t only the clean version of H2 that saw rising prices. Other versions – such as the increasingly popular blue hydrogen made from natural gas has also seen…

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