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01 Apr 2022 | 08:09 UTC
S&P Global Commodity Insights updates capex figures used in its hydrogen cost calculations
S&P Global Commodity Insights has made several updates to its capital expenditure figures used in the calculations of cost of production for most of its Platts global hydrogen assessments, as part of a yearly review of the Platts hydrogen methodology.
The capital costs ($/KW) for the production pathways of proton exchange membrane (PEM) electrolysis, alkaline electrolysis, and steam methane reforming (SMR) with carbon capture and sequestration (CCS), have been decreased.
With this update, S&P Global reflects a trend in falling prices for capital expenses for these hydrogen production pathways over time based on industry sources, including publications from the International Energy Agency and Australia's Commonwealth Scientific and Industrial Research Organization (CSIRO).
These updates directly affect the following set of hydrogen assessments as follows:
Capital Costs
Previous
Updated
Hydrogen SMR w CCS Capital Cost ($/KW)
1680
1644
Western Australia Hydrogen SMR w CCS Capital Cost ($/KW)
1680
1644
Saudi Arabia Hydrogen SMR w CCS Capital Cost ($/KW)
1680
1644
Qatar Hydrogen SMR w CCS Capital Cost ($/KW)
1680
1644
UAE Hydrogen SMR w CCS Capital Cost ($/KW)
1680
1644
Oman Hydrogen SMR w CCS Capital Cost ($/KW)
1680
1644
Hydrogen PEM Electrolysis Capital Cost
1382
1348
Alberta Hydrogen PEM Electrolysis Capital Cost ($/KW)
1589
1550
Appalachia Hydrogen PEM Electrolysis Capital Cost ($/KW)
1460
1424
Midcontinent Hydrogen PEM Electrolysis Capital Cost ($/KW)
1417
1382
Northeast Hydrogen PEM Electrolysis Capital Cost ($/KW)
1502
1465
N. California Hydrogen PEM Electrolysis Capital Cost ($/KW)
1637
1597
Northwest Hydrogen PEM Electrolysis Capital Cost ($/KW)
1488
1451
Rockies Hydrogen PEM Electrolysis Capital Cost ($/KW)
1439
1403
Southeast Hydrogen PEM Electrolysis Capital Cost ($/KW)
1419
1384
S. California Hydrogen PEM Electrolysis Capital Cost ($/KW)
1603
1564
Upper Midwest Hydrogen PEM Electrolysis Capital Cost ($/KW)
1505
1467
Japan Hydrogen PEM Electrolysis Capital Cost ($/KW)
2073
2022
New South Wales Hydrogen PEM Electrolysis Capital Cost (A$/KW)
2413
2051
Queensland Hydrogen PEM Electrolysis Capital Cost (A$/KW)
2413
2051
South Australia Hydrogen PEM Electrolysis Capital Cost (A$/KW)
2413
2051
Tasmania Hydrogen PEM Electrolysis Capital Cost (A$/KW)
2413
2051
Victoria Hydrogen PEM Electrolysis Capital Cost (A$/KW)
2413
2051
Western Australia Hydrogen PEM Electrolysis Capital Cost (A$/KW)
2413
2051
Saudi Arabia Hydrogen PEM Electrolysis Capital Cost ($/KW)
1382
1348
Qatar Hydrogen PEM Electrolysis Capital Cost ($/KW)
1382
1348
UAE Hydrogen PEM Electrolysis Capital Cost ($/KW)
1382
1348
Oman Hydrogen PEM Electrolysis Capital Cost ($/KW)
1382
1348
Hydrogen Alkaline Electrolysis Capital Cost
891
861
Alberta Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
1025
991
Appalachia Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
941
910
Midcontinent Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
914
884
Northeast Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
968
936
N. California Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
1056
1021
Northwest Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
959
927
Rockies Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
928
897
Southeast Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
915
884
S. California Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
1034
1000
Upper Midwest Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
970
938
Japan Hydrogen Alkaline Electrolysis Capital Cost ($/KW)
1336
1292
New South Wales Hydrogen Alkaline Electrolysis Capital Cost (A$/KW)
1203
1156
Queensland Hydrogen Alkaline Electrolysis Capital Cost (A$/KW)
1203
1156
South Australia Hydrogen Alkaline Electrolysis Capital Cost (A$/KW)
1203
1156
Tasmania Hydrogen Alkaline Electrolysis Capital Cost (A$/KW)
1203
1156
Victoria Hydrogen Alkaline Electrolysis Capital Cost (A$/KW)
1203
1156
Western Australia Hydrogen Alkaline Electrolysis Capital Cost (A$/KW)
1203
1156
Saudi Arabia Hydrogen Alkali Electrolysis Capital Cost ($/KW)
891
861
Qatar Hydrogen Alkali Electrolysis Capital Cost ($/KW)
891
861
UAE Hydrogen Alkali Electrolysis Capital Cost ($/KW)
891
861
Oman Hydrogen Alkali Electrolysis Capital Cost ($/KW)
891
861
The updates take effect on April 1, 2022. Capex for SMR without CCS have remained unchanged.
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