Hydrogen Cost in United States
The chart above illustrates Hydrogen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Hydrogen, United States, contract price, exw, formula
- cash cost, on-site: Hydrogen, United States, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, United States, cash cost, formula, off-site (large supplier)
In May 2023, the contract price for Hydrogen delivered ex-works in the United States reached 13.60 USD cents per normal cubic meter, representing a slight increase of 1.49% compared to April 2023. Looking at the broader trend, Hydrogen contract prices have declined by 28% over the past year. During May 2023, the on-site cash cost for Hydrogen production at a typical consumer facility in the United States stood at 9.25 USD cents per normal cubic meter, showing a marginal rise of 1.09% from the previous month. Over the 12-month period, on-site production costs have decreased by 35%. As of May 2023, the off-site cash cost for Hydrogen supplied by large suppliers in the United States was 6.89 USD cents per normal cubic meter, with a minimal change of 0.29% from April 2023. The annual comparison reveals a significant 43% reduction in off-site supply costs over the past year.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
Other Utility Costs
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About Hydrogen
Hydrogen is a vital utility in process industries, especially in refining and chemical manufacturing. It is used in hydrogenation reactions, hydrocracking, and as a reducing agent, playing a key role in producing cleaner fuels and specialty chemicals.