Tuesday, October 20, 2015

Cost of hydrogen

ITM Power signed an agreement with Toyota to supply hydrogen. This is the first time I know of a contract has been signed for public sale of hydrogen where the price is mentioned. The price is GBP 10/kg (€ 13,63 or $ 15,46). The Mirai can drive ~480 km on 5 kg, so that's a cost of € 0,14/km. In comparison a vehicle driving 20 km/liter of gasoline costing € 1,60 (Dutch price including high taxes) has a cost of only € 0,08/km. Prices will need to come down for hydrogen to become competitive. A target price for hydrogen is € 5/kg, which would be competitive.

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