This week, the cost of hydrogen production via water electrolysis remained stable without significant fluctuations. Considering that the nationwide power grid electricity prices in February generally ranged from 0.5 to 0.8 yuan/kWh, the hydrogen production cost via water electrolysis correspondingly concentrated between 5.38 and 7.2 yuan/m³. Notably, in certain areas of north-west China, power grid electricity prices were relatively low, ranging from 0.49 to 0.55 yuan/kWh, resulting in lower hydrogen production costs in these regions, with an average price in the range of 4.76 to 5.98 yuan/m³.
In the hydrogen trading market, the circulation volume of hydrogen produced via water electrolysis was relatively low. According to frontline survey data, the price range for hydrogen produced via water electrolysis (including subsidies and transportation costs) in Beijing was 9.5 to 12.5 yuan/m³, while in Yunnan, the price ranged from 8.0 to 9.2 yuan/m³ (also including transportation costs), with transportation costs accounting for approximately 25% to 30%.
The following is an overview of the average prices of hydrogen produced via water electrolysis across provinces:
- Shanghai: 6.81 yuan/m³
- Jiangsu: 6.61 yuan/m³
- Beijing: 6.39 yuan/m³
- Tianjin: 6.99 yuan/m³
- Hebei: 6.53 yuan/m³
- Shanxi: 5.98 yuan/m³
- Inner Mongolia: 5.38 yuan/m³
- Liaoning: 6.03 yuan/m³
- Jilin: 6.78 yuan/m³
- Heilongjiang: 6.34 yuan/m³
- Zhejiang: 6.3 yuan/m³
- Anhui: 6.12 yuan/m³
- Fujian: 6.37 yuan/m³
- Jiangxi: 6.96 yuan/m³
- Shandong: 6.81 yuan/m³
- Henan: 6.84 yuan/m³
- Hubei: 6.53 yuan/m³
- Hunan: 7.23 yuan/m³
- Guangdong: 7.0 yuan/m³
- Guangxi: 5.76 yuan/m³
- Chongqing: 7.32 yuan/m³
- Hainan: 6.6 yuan/m³
- Sichuan: 6.8 yuan/m³
- Guizhou: 6.41 yuan/m³
- Yunnan: 5.47 yuan/m³
- Shaanxi: 5.82 yuan/m³
- Gansu: 5.07 yuan/m³
- Qinghai: 5.17 yuan/m³
- Ningxia: 5.04 yuan/m³
- Xinjiang: 4.76 yuan/m³
Please note that the cost of hydrogen production via water electrolysis is influenced by various factors, including equipment utilization hours, renewable energy generation prices in certain regions, and labor costs. Therefore, the above cost data is for reference only.
