Platts to launch new Australia hydrogen prices

S&P Global Platts will launch new daily cost-based prices of hydrogen in Australia, from Aug. 16.

Platts has previously launched cost-based prices for hydrogen in North America, Europe and Japan. The new addition will extend this suite of prices to include one of the expected production hubs of hydrogen.

The new prices will reflect the daily cost of hydrogen production via the following five pathways: proton exchange membrane (PEM) electrolysis, alkaline electrolysis, steam methane reforming with carbon capture and storage, coal gasification with CCS, and lignite gasification with CCS. For both PEM and alkaline electrolysis, daily hydrogen prices will be published for the following states: New South Wales, Queensland, South Australia, Tasmania, Victoria and Western Australia. Daily hydrogen assessments for steam methane reforming with CCS will be published for Western Australia, based on coal gasification for New South Wales and Queensland, and for lignite gasification for Victoria.

Platts will publish a set of hydrogen prices reflecting feedstock costs alone, as well as a second set including additional assumptions for capital expenses (CapEx).

Prices would be published in A$/kg, A$/MMBtu, $/kg, and $/MMBtu.

Electricity costs will be based on daily average Australian spot power prices per region from the National Electricity Market (New South Wales, Queensland, South

Australia, Tasmania, Victoria) and the Wholesale Electricity Market (Western Australia), both operated by the Australian Energy Market Operator. Electricity transmission costs would not be added to these prices.

The assumptions for coal and lignite gasification will be based on industry research, including the International Energy Agency's The Future of Hydrogen and Australia's

Commonwealth Scientific and Industrial Research Organisation (CSIRO)'s National Hydrogen Roadmap. Coal and lignite prices will be based on the Platts FOB Newcastle daily assessments, considering the energy intensity difference and prevalent price spread between coal and lignite.

Australian natural gas prices for the SMR with CCS path will be based on Platts FOB Australia LNG prices, less a gasification cost based on market research.

Electrolysis assumptions for PEM and alkaline will be based on market research including IEA's The Future of Hydrogen and CSIRO's National Hydrogen Roadmap.

Daily water prices would be based on market research including CSIRO's National Hydrogen Roadmap.

Due to the timing and availability of major input data points, hydrogen assessments will be published the business day after these data inputs become available and will be databased against the date of inputs. In line with the availability of major inputs, the assessments will follow the Singapore holiday schedule.

The published prices would be as follows:

Description Symbol

Hydrogen New South Wales Coal Gasification with CCS A$/kg HYAAA00

Hydrogen New South Wales Coal Gasification with CCS (inc. CAPEX) A$/kg HYAAB00

Hydrogen New South Wales Coal Gasification with CCS $/kg HYAAC00

Hydrogen New South Wales Coal Gasification with CCS (inc. CAPEX) $/kg HYAAD00

Hydrogen New South Wales Coal Gasification with CCS A$/MMBtu HYAAE00

Hydrogen New South Wales Coal Gasification with CCS (inc. CAPEX) A$/MMBtu HYAAF00

Hydrogen New South Wales Coal Gasification with CCS $/MMBtu HYAAG00

Hydrogen New South Wales Coal Gasification with CCS (inc. CAPEX) $/MMBtu HYAAH00

Hydrogen Queensland Coal Gasification with CCS A$/kg HYAAI00

Hydrogen Queensland Coal Gasification with CCS (inc. CAPEX) A$/kg HYAAJ00

Hydrogen Queensland Coal Gasification with CCS $/kg HYAAK00

Hydrogen Queensland Coal Gasification with CCS (inc. CAPEX) $/kg HYAAL00

Hydrogen Queensland Coal Gasification with CCS A$/MMBtu HYAAM00

Hydrogen Queensland Coal Gasification with CCS (inc. CAPEX) A$/MMBtu HYAAN00

Hydrogen Queensland Coal Gasification with CCS $/MMBtu HYAAO00

Hydrogen Queensland Coal Gasification with CCS (inc. CAPEX) $/MMBtu HYAAP00

Hydrogen Victoria Lignite Gasification with CCS A$/kg HYAAQ00

Hydrogen Victoria Lignite Gasification with CCS (inc. CAPEX) A$/kg HYAAR00

Hydrogen Victoria Lignite Gasification with CCS $/kg HYAAS00

Hydrogen Victoria Lignite Gasification with CCS (inc. CAPEX) $/kg HYAAT00

Hydrogen Victoria Lignite Gasification with CCS A$/MMBtu HYAAU00

Hydrogen Victoria Lignite Gasification with CCS (inc. CAPEX) A$/MMBtu HYAAV00

Hydrogen Victoria Lignite Gasification with CCS $/MMBtu HYAAW00

Hydrogen Victoria Lignite Gasification with CCS (inc. CAPEX) $/MMBtu HYAAX00

Hydrogen Western Australia SMR with CCS A$/kg HYAAY00

Hydrogen Western Australia SMR with CCS (inc. CAPEX) A$/kg HYAAZ00

Hydrogen Western Australia SMR with CCS $/kg HYABA00

Hydrogen Western Australia SMR with CCS (inc. CAPEX) $/kg HYABB00

Hydrogen Western Australia SMR with CCS A$/MMBtu HYABC00

Hydrogen Western Australia SMR with CCS (inc. CAPEX) A$/MMBtu HYABD00

Hydrogen Western Australia SMR with CCS $/MMBtu HYABE00

Hydrogen Western Australia SMR with CCS (inc. CAPEX) $/MMBtu HYABF00

Hydrogen New South Wales PEM Electrolysis A$/kg HYABG00

Hydrogen New South Wales PEM Electrolysis (inc. CAPEX) A$/kg HYABH00

Hydrogen New South Wales PEM Electrolysis $/kg HYABI00

Hydrogen New South Wales PEM Electrolysis (inc. CAPEX) $/kg HYABJ00

Hydrogen New South Wales PEM Electrolysis A$/MMBtu HYABK00

Hydrogen New South Wales PEM Electrolysis (inc. CAPEX) A$/MMBtu HYABL00

Hydrogen New South Wales PEM Electrolysis $/MMBtu HYABM00

Hydrogen New South Wales PEM Electrolysis (inc. CAPEX) $/MMBtu HYABN00

Hydrogen Queensland PEM Electrolysis A$/kg HYABO00

Hydrogen Queensland PEM Electrolysis (inc. CAPEX) A$/kg HYABP00

Hydrogen Queensland PEM Electrolysis $/kg HYABQ00

Hydrogen Queensland PEM Electrolysis (inc. CAPEX) $/kg HYABR00

Hydrogen Queensland PEM Electrolysis A$/MMBtu HYABS00

Hydrogen Queensland PEM Electrolysis (inc. CAPEX) A$/MMBtu HYABT00

Hydrogen Queensland PEM Electrolysis $/MMBtu HYABU00

Hydrogen Queensland PEM Electrolysis (inc. CAPEX) $/MMBtu HYABV00

Hydrogen South Australia PEM Electrolysis A$/kg HYABW00

Hydrogen South Australia PEM Electrolysis (inc. CAPEX) A$/kg HYABX00

Hydrogen South Australia PEM Electrolysis $/kg HYABY00

Hydrogen South Australia PEM Electrolysis (inc. CAPEX) $/kg HYABZ00

Hydrogen South Australia PEM Electrolysis A$/MMBtu HYACA00

Hydrogen South Australia PEM Electrolysis (inc. CAPEX) A$/MMBtu HYACB00

Hydrogen South Australia PEM Electrolysis $/MMBtu HYACC00

Hydrogen South Australia PEM Electrolysis (inc. CAPEX) $/MMBtu HYACD00

Hydrogen Tasmania PEM Electrolysis A$/kg HYACE00

Hydrogen Tasmania PEM Electrolysis (inc. CAPEX) A$/kg HYACF00

Hydrogen Tasmania PEM Electrolysis $/kg HYACG00

Hydrogen Tasmania PEM Electrolysis (inc. CAPEX) $/kg HYACH00

Hydrogen Tasmania PEM Electrolysis A$/MMBtu HYACI00

Hydrogen Tasmania PEM Electrolysis (inc. CAPEX) A$/MMBtu HYACJ00

Hydrogen Tasmania PEM Electrolysis $/MMBtu HYACK00

Hydrogen Tasmania PEM Electrolysis (inc. CAPEX) $/MMBtu HYACL00

Hydrogen Victoria PEM Electrolysis A$/kg HYACM00

Hydrogen Victoria PEM Electrolysis (inc. CAPEX) A$/kg HYACN00

Hydrogen Victoria PEM Electrolysis $/kg HYACO00

Hydrogen Victoria PEM Electrolysis (inc. CAPEX) $/kg HYACP00

Hydrogen Victoria PEM Electrolysis A$/MMBtu HYACQ00

Hydrogen Victoria PEM Electrolysis (inc. CAPEX) A$/MMBtu HYACR00

Hydrogen Victoria PEM Electrolysis $/MMBtu HYACS00

Hydrogen Victoria PEM Electrolysis (inc. CAPEX) $/MMBtu HYACT00

Hydrogen Western Australia PEM Electrolysis A$/kg HYACU00

Hydrogen Western Australia PEM Electrolysis (inc. CAPEX) A$/kg HYACV00

Hydrogen Western Australia PEM Electrolysis $/kg HYACW00

Hydrogen Western Australia PEM Electrolysis (inc. CAPEX) $/kg HYACX00

Hydrogen Western Australia PEM Electrolysis A$/MMBtu HYACY00

Hydrogen Western Australia PEM Electrolysis (inc. CAPEX) A$/MMBtu HYACZ00

Hydrogen Western Australia PEM Electrolysis $/MMBtu HYADA00

Hydrogen Western Australia PEM Electrolysis (inc. CAPEX) $/MMBtu HYADB00

Hydrogen New South Wales Alkaline Electrolysis A$/kg HYADC00

Hydrogen New South Wales Alkaline Electrolysis (inc. CAPEX) A$/kg HYADD00

Hydrogen New South Wales Alkaline Electrolysis $/kg HYADE00

Hydrogen New South Wales Alkaline Electrolysis (inc. CAPEX) $/kg HYADF00

Hydrogen New South Wales Alkaline Electrolysis A$/MMBtu HYADG00

Hydrogen New South Wales Alkaline Electrolysis (inc. CAPEX) A$/MMBtu HYADH00

Hydrogen New South Wales Alkaline Electrolysis $/MMBtu HYADI00

Hydrogen New South Wales Alkaline Electrolysis (inc. CAPEX) $/MMBtu HYADJ00

Hydrogen Queensland Alkaline Electrolysis A$/kg HYADK00

Hydrogen Queensland Alkaline Electrolysis (inc. CAPEX) A$/kg HYADL00

Hydrogen Queensland Alkaline Electrolysis $/kg HYADM00

Hydrogen Queensland Alkaline Electrolysis (inc. CAPEX) $/kg HYADN00

Hydrogen Queensland Alkaline Electrolysis A$/MMBtu HYADO00

Hydrogen Queensland Alkaline Electrolysis (inc. CAPEX) A$/MMBtu HYADP00

Hydrogen Queensland Alkaline Electrolysis $/MMBtu HYADQ00

Hydrogen Queensland Alkaline Electrolysis (inc. CAPEX) $/MMBtu HYADR00

Hydrogen South Australia Alkaline Electrolysis A$/kg HYADS00

Hydrogen South Australia Alkaline Electrolysis (inc. CAPEX) A$/kg HYADT00

Hydrogen South Australia Alkaline Electrolysis $/kg HYADU00

Hydrogen South Australia Alkaline Electrolysis (inc. CAPEX) $/kg HYADV00

Hydrogen South Australia Alkaline Electrolysis A$/MMBtu HYADW00

Hydrogen South Australia Alkaline Electrolysis (inc. CAPEX) A$/MMBtu HYADX00

Hydrogen South Australia Alkaline Electrolysis $/MMBtu HYADY00

Hydrogen South Australia Alkaline Electrolysis (inc. CAPEX) $/MMBtu HYADZ00

Hydrogen Tasmania Alkaline Electrolysis A$/kg HYAEA00

Hydrogen Tasmania Alkaline Electrolysis (inc. CAPEX) A$/kg HYAEB00

Hydrogen Tasmania Alkaline Electrolysis $/kg HYAEC00

Hydrogen Tasmania Alkaline Electrolysis (inc. CAPEX) $/kg HYAED00

Hydrogen Tasmania Alkaline Electrolysis A$/MMBtu HYAEE00

Hydrogen Tasmania Alkaline Electrolysis (inc. CAPEX) A$/MMBtu HYAEF00

Hydrogen Tasmania Alkaline Electrolysis $/MMBtu HYAEG00

Hydrogen Tasmania Alkaline Electrolysis (inc. CAPEX) $/MMBtu HYAEH00

Hydrogen Victoria Alkaline Electrolysis A$/kg HYAEI00

Hydrogen Victoria Alkaline Electrolysis (inc. CAPEX) A$/kg HYAEJ00

Hydrogen Victoria Alkaline Electrolysis $/kg HYAEK00

Hydrogen Victoria Alkaline Electrolysis (inc. CAPEX) $/kg HYAEL00

Hydrogen Victoria Alkaline Electrolysis A$/MMBtu HYAEM00

Hydrogen Victoria Alkaline Electrolysis (inc. CAPEX) A$/MMBtu HYAEN00

Hydrogen Victoria Alkaline Electrolysis $/MMBtu HYAEO00

Hydrogen Victoria Alkaline Electrolysis (inc. CAPEX) $/MMBtu HYAEP00

Hydrogen Western Australia Alkaline Electrolysis A$/kg HYAEQ00

Hydrogen Western Australia Alkaline Electrolysis (inc. CAPEX) A$/kg HYAER00

Hydrogen Western Australia Alkaline Electrolysis $/kg HYAES00

Hydrogen Western Australia Alkaline Electrolysis (inc. CAPEX) $/kg HYAET00

Hydrogen Western Australia Alkaline Electrolysis A$/MMBtu HYAEU00

Hydrogen Western Australia Alkaline Electrolysis (inc. CAPEX) A$/MMBtu HYAEV00

Hydrogen Western Australia Alkaline Electrolysis $/MMBtu HYAEW00

Hydrogen Western Australia Alkaline Electrolysis (inc. CAPEX) $/MMBtu HYAEX00

The new assessments will be published in the Platts pricing database, and on Platts Dimensions Pro from August 16 onwards.

Please send all feedback, comments or questions to hydrogenassessments@spglobal.com and pricegroup@spglobal.com For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.