Showing posts with label cost. Show all posts
Showing posts with label cost. Show all posts
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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