In April ****, green hydrogen prices in the U.S. declined significantly. The decrease reflected lower renewable electricity costs and continued market oversupply. However, the sector faces intensifying headwinds. According to market sources, the U.S. is unlikely to meet its $*/kg "Hydrogen Shot" target by **** due to policy uncertainty, delayed Treasury guidance on **V tax credits, and the Trump administration’s tariff shifts—estimated to raise green hydrogen costs by ***. Although developers remain cautiously optimistic for long-term prospects, short-term growth has been consistently overestimated, with Europe currently outpacing the U.S. in both production and offtake.
Electrolyzer activity in the U.S. stayed steady in April, with no major new operational issues reported. However, green hydrogen production margins remained tight due to low utilization rates across PEM systems. Verdagy kept developing its **-MW Texas facility, while Plug Power’s Hidrogenii JV with Olin...
