As of 2024, hydrogen costs may be up to 25 times as high as natural gas prices. In the United States, where natural gas is in ready supply, natural gas prices average around eight U.S. dollars per megawatt hour. Grey hydrogen costs are estimated at some 87 U.S. dollars per megawatt hour, also considering potential carbon emission tax. Meanwhile, the high estimate for green hydrogen production costs alone is set at some 200 U.S. dollars per megawatt hour.
Estimated selling price of hydrogen vis-à-vis natural gas in Europe and the United States as of 2024
(in U.S. dollars per megawatt hour)
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Financial Times. (May 19, 2024). Estimated selling price of hydrogen vis-à-vis natural gas in Europe and the United States as of 2024 (in U.S. dollars per megawatt hour) [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1470028/hydrogen-and-natural-gas-price-comparison-in-europe-and-us/
Financial Times. "Estimated selling price of hydrogen vis-à-vis natural gas in Europe and the United States as of 2024 (in U.S. dollars per megawatt hour)." Chart. May 19, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1470028/hydrogen-and-natural-gas-price-comparison-in-europe-and-us/
Financial Times. (2024). Estimated selling price of hydrogen vis-à-vis natural gas in Europe and the United States as of 2024 (in U.S. dollars per megawatt hour). Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1470028/hydrogen-and-natural-gas-price-comparison-in-europe-and-us/
Financial Times. "Estimated Selling Price of Hydrogen vis-à-vis Natural Gas in Europe and The United States as of 2024 (in U.S. Dollars per Megawatt Hour)." Statista, Statista Inc., 19 May 2024, https://www.statista.com/statistics/1470028/hydrogen-and-natural-gas-price-comparison-in-europe-and-us/
Financial Times, Estimated selling price of hydrogen vis-à-vis natural gas in Europe and the United States as of 2024 (in U.S. dollars per megawatt hour) Statista, https://www.statista.com/statistics/1470028/hydrogen-and-natural-gas-price-comparison-in-europe-and-us/ (last visited December 18, 2024)
Estimated selling price of hydrogen vis-à-vis natural gas in Europe and the United States as of 2024 (in U.S. dollars per megawatt hour) [Graph], Financial Times, May 19, 2024. [Online]. Available: https://www.statista.com/statistics/1470028/hydrogen-and-natural-gas-price-comparison-in-europe-and-us/
