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At an electricity cost of $0.06/kWh, as set out in the Department of Energy hydrogen production targets for 2015, [73] the hydrogen cost is $3/kg. The US DOE target price for hydrogen in 2020 is $2.30/kg, requiring an electricity cost of $0.037/kWh, which is achievable given recent PPA tenders for wind and solar in many regions. [ 74 ]
A 2022 Goldman Sachs analysis anticipates that globally green hydrogen will achieve cost parity with grey hydrogen by 2030, earlier if a global carbon tax is placed on gray hydrogen. [13] In terms of cost per unit of energy, blue and gray hydrogen will always cost more than the fossil fuels used in its production, while green hydrogen will ...
Liquid hydrogen (H 2 (l)) is the liquid state of the element hydrogen. Hydrogen is found naturally in the molecular H 2 form. [4] To exist as a liquid, H 2 must be cooled below its critical point of 33 K. However, for it to be in a fully liquid state at atmospheric pressure, H 2 needs to be cooled to 20.28 K (−252.87 °C; −423.17 °F). [5]
With the range of natural gas prices from 2016 as shown in the graph (Hydrogen Production Tech Team Roadmap, November 2017) putting the cost of steam-methane-reformed (SMR) hydrogen at between $1.20 and $1.50, the cost price of hydrogen via electrolysis is still over double 2015 DOE hydrogen target prices.
The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon. The highest recorded average price of regular gas was in June 2022 at $5.06 per gallon.
Hydrogen pipeline transport is a transportation of hydrogen through a pipe as part of the hydrogen infrastructure. Hydrogen pipeline transport is used to connect the point of hydrogen production or delivery of hydrogen with the point of demand, pipeline transport costs are similar to CNG, [9] the technology is proven, [10] however most hydrogen is produced on the place of demand with every 50 ...
Hydrogen fuel cells are vying for a top spot among humanity’s green energy solutions, but chemicals found in fuel cells— as well as the environmental cost of producing hydrogen—are a major ...
In 2006, the National Renewable Energy Laboratory stated that the cost of hydrogen fuel was around $9 a kilogram, roughly comparing it to $2 a gallon for diesel. It further noted that the total cost per mile (including maintenance) was around $1 per mile for diesel and around $6.50 per mile for hydrogen. [113]