Hydrogen price goes to €12.85/kg

The price of hydrogen increased to 12.85 euros per kilogram on June 7th, according to H2 Mobility, Germany’s sole operator of hydrogen filling stations.

This is the first price rise in ten years, according to the supplier. For long years, the unit price for hydrogen was 9.50 euros per kilo. Even at the current pricing, a 100-kilometer journey in a fuel cell car would be less expensive than excursions in a combustion engine or a battery-electric car if it utilizes a public rapid charging station.

According to H2 Mobility, hydrogen expenses are currently 10.28 euros per 100 km, based on average use of 0.8 kg/100 km. On the other hand, with petrol or diesel and expected consumption of 6.6 liters and fuel expenditures of 1.90 euros, 12.54 euros is payable. An electric automobile with a consumption of 19 kWh/100 km and an electricity price of 59 cents per kWh, on the other hand, will spend 11.21 euros on power. A side note: While a kilowatt-hour costs 79 cents at Ionity, residential power is substantially less expensive, costing roughly 32 cents on average.

H2 Mobility cites the rise in energy prices as the cause of the price increase, which also impacts the price of hydrogen. You should be aware that the majority of today’s hydrogen is produced by steam reforming methane (natural gas). The generation of water by electrolysis using green power is currently unprofitable.

In Germany, there are now 95 hydrogen filling stations. There were just 21 pumps for the specialized gasoline five years ago. The Hyundai Nexo, Toyota Mirai, and several Stellantis vans are among the nine hydrogen cars listed on the site; the other types are no longer available.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

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