Upon entering 2022, many within the energy industry believed that we would see a sharp decrease in the price of producing hydrogen should it be blue, green, and grey.
However, as we approach the end of January it appears that the spike in natural gas prices has seen a significant rise in the cost of producing grey hydrogen, a type that is perceived as the cheapest and mainly used to create initial hydrogen demand.
One of the key characteristics for this, grey hydrogen’s low production cost amid the gas and energy crisis, is proving to be a major stumbling block in 2022 with no signs of prices easing off.
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