European and US renewable-derived hydrogen costs were down April 26 on higher wind generation, while Asia-Pacific hydrogen costs jumped amid a dip in renewable contribution to total power generation.
EU compliant renewable power purchase agreement-derived hydrogen prices mostly decreased on April 25 due to higher wind generation. Platts Netherlands PPA-derived alkaline fell 9% to Eur7.84/kg and same prices in France decreased 7% to Eur7.04/kg, respectively.
The latest figures from the Norwegian offshore pipeline operator Gassco showed that total exit nominations from the Norwegian Continental Shelf settled at 275 million cu m/d April 25, a decrease of 9% from 302.7 million cu m/d April 24, the reduction comes as multiple planned maintenances are taking place across the network.
Near-term temperatures in Northwest Europe are forecast to be 3.15 degrees Celsius below the five-year average April 26, according to the latest forecasts from CustomWeather.
Platts Netherlands steam methane reforming without carbon capture and sequestration costs rose 2% to Eur2.38/kg.
Asia-Pacific SMR-based hydrogen costs were mixed on April 25 amid declining LNG spot prices which retreated on the back of bearish expectations. Platts Japanese SMR without CCS costs slipped 1% to $1.93/kg while Platts Western Australian SMR with CCS costs advanced 4% to $2.04/kg.
A dip in renewable contribution to total power generation across the board saw hydrogen costs mostly soaring. Hydrogen costs from alkaline electrolysis in South Australia and Victoria jumped 35% to $3.97/kg and 34% to $3.92/kg, respectively.
Platts Queensland alkaline costs declined 3% to $3.86/kg amid lower power imports.
US hydrogen cost valuations via conventional SMR without CCS costs were mostly lower on April 25. Platts assessed Northwest SMR without CCS costs down 4% at 64 cent/kg on the day as regional feedstock gas PG&E, Malin prices fell 15% amid slight decline in regional demand.
US hydrogen costs via the electrolysis pathway were also down April 25. Platts assessed Northwest PEM and alkaline hydrogen costs lower 17% to $3.31/kg and down 20% at $2.80/kg, respectively, still reflecting the highest cost level for these production pathways across the country. US West power prices fell with increased wind supply and diminished demand expectations.
Platts European Carbon-neutral hydrogen price fell 6% April 25, closing at Eur2.55/kg. Platts Australia CNH price was assessed down 8% over the week at $2.20/kg, while Platts Far East CNH decreased 2% to $2.70/kg.
Platts US Gulf Coast CNH price was down 4% over the week at $1.13/kg April 25, while California CNH was steady at $1.30/kg.
CNH represents the most competitive hydrogen in a region based on different pathways after carbon emissions are offset.
Platts is part of S&P Global Commodity Insights.