Green Hydrogen Price Trend

Green Hydrogen Price Trend, Index and Forecast

Track the latest insights on green hydrogen price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Green Hydrogen Prices Outlook Q2 2025

• USA: US$ 3865/MT
• Japan: US$ 4915/MT
• Netherlands: US$ 5352/MT
• UAE: US$ 6260/MT
• Saudi Arabia: US$ 4490/MT

Green Hydrogen Price Chart

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During the second quarter of 2025, the green hydrogen prices in the USA reached 3865 USD/MT in June. As per the green hydrogen price chart, the market experienced a notable decline in prices, primarily driven by decreasing renewable energy costs and supportive government initiatives. The reduction in renewable energy prices, particularly from solar and wind sources, directly impacted the cost of green hydrogen production, which relies on water electrolysis powered by these energy sources.

During the second quarter of 2025, green hydrogen prices in Japan reached 4915 USD/MT in June. Japan's green hydrogen market experienced significant developments, notably through the Tokyo Metropolitan Government's inaugural green hydrogen trial transaction. This initiative, part of the city's "Tokyo 2050 Strategy" aimed at achieving net-zero emissions, utilized a double auction system to establish market-based pricing for green hydrogen.

During the second quarter of 2025, the green hydrogen prices in the Netherlands reached 5352 USD/MT in June. Prices in the Netherlands were influenced by several key developments, notably the initiation of a joint Dutch-German tender scheme aimed at importing renewable hydrogen. The joint investment and competitive bidding process were designed to lower the overall cost of green hydrogen, making it more accessible to industries and consumers.

During the second quarter of 2025, the green hydrogen prices in the UAE reached 6260 USD/MT in June. Prices in the UAE were influenced by several key developments, particularly the initiation of formal negotiations between the European Union (EU) and the UAE for a Comprehensive Economic Partnership Agreement (CEPA). This agreement, announced in April 2025, positioned green hydrogen as a central pillar, aiming to enhance trade in renewable energy and critical raw materials.

During the second quarter of 2025, the green hydrogen prices in Saudi Arabia reached 4490 USD/MT in June. Saudi Arabia's green hydrogen pricing was shaped by strategic investments, cost advantages from renewable energy resources, and a strong policy framework. Besides, country’s abundant solar resources contributed to its competitive edge in green hydrogen production.

Green Hydrogen Prices Outlook Q4 2024

• USA: US$ 5372/MT
• Netherlands: US$ 7783/MT

During the last quarter of 2024, the green hydrogen prices in the USA reached 5372 USD/MT (PEM Electrolysis) in December. As per the green hydrogen price chart, the trend in the US saw an upward movement, primarily due to rising natural gas prices, which are a key feedstock for hydrogen production. Moreover, the increasing utilization of green hydrogen in the transportation sector due to the growing interest in fuel cell vehicles (FCVs) is further impacting the prices.

During the last quarter of 2024, the green hydrogen prices in the Netherlands reached 7783 USD/MT (PEM Electrolysis) in December. As per the green hydrogen price chart, Netherlands’ adoption of renewable energy sources and biofuels for achieving its decarbonization objectives is majorly influencing the prices. Besides, infrastructural expenditures to increase the capacity of distribution and import of green hydrogen and the establishment of clear and supportive regulations further impacts the market.

Green Hydrogen Prices Outlook Q4 2023

• USA: US$ 4840/MT
• Netherlands: US$ 7210/MT

The green hydrogen prices in the United States for Q4 2023 reached 4840 USD/MT (PEM Electrolysis) in December. The country witnessed the most notable changes in price, especially for Green Hydrogen PEM Electrolysis FOB California. These shifts were primarily on account of the aforementioned factors, including increased investments and higher costs of energy. While no significant plant shutdowns were reported, fluctuations in prices were observed, reflecting the dynamic nature of the market.

The price trend for green hydrogen in Netherlands for Q4 2023, reached 7210 USD/MT (PEM Electrolysis in December. Notably, the Netherlands and Germany worked together on enhancing hydrogen infrastructure, imports, and ecosystem internationally, fostering a bullish sentiment in the market. High natural gas prices in the Netherlands contributed to high cost of energy, further affecting green hydrogen pricing. Additionally, initiatives like the subsidy scheme for minor electrolysis projects supported market growth. Despite a steady import flow and no major plant shutdowns, the Dutch market underwent robust demand from end use industries, such as fuel industry.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the green hydrogen prices.

Global Green Hydrogen Price Trend

The report offers a holistic view of the global green hydrogen pricing trends in the form of green hydrogen price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of green hydrogen, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed green hydrogen demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Green Hydrogen Price Trend

Q2 2025:

As per the green hydrogen price index, in Q2 2025, the cost of producing green hydrogen in the Netherlands increased significantly. The capital expenditure for electrolyzers and operational expenses saw an upward trend. The rising costs of materials and inflationary pressures led to higher investment costs, which were reflected in the overall production expenses. Besides, green hydrogen prices in the Netherlands were also influenced by several key developments, notably the initiation of a joint Dutch-German tender scheme aimed at importing renewable hydrogen.

Q4 2024:

As seen in the green hydrogen price index, prices have been rising steadily in the market due to expanding investments in industry and more government backing. Decarbonizing energy systems are increasingly dependent on green hydrogen, especially in hard-to-electrify industries and sectors like long-distance transportation and heavy manufacturing, which influences the prices. Moreover, in keeping with the EU's larger energy transition goals, the Netherlands has announced significant infrastructural expenditures to establish itself as a major hub for the distribution and import of green hydrogen.

Q4 2023:

In Q4 2023, the market in Europe was notably affected by significant efforts between the Netherlands and Germany to develop a cross-border hydrogen ecosystem. This cooperation, along with agreements on infrastructure and import strategies, bolstered market confidence and led to a rise in prices. High natural gas prices in the Netherlands also played a role, driving up energy costs and impacting green hydrogen prices. The introduction of new subsidies for minor electrolysis projects propelled the market. Despite these developments, no major plant closures were observed. The Netherlands, in particular, saw strong demand from end use industries, supported by steady imports and manufacturing sector contraction, as indicated by the PMI.

This analysis can be extended to include detailed green hydrogen price information for a comprehensive list of countries.

North America Green Hydrogen Price Trend

Q2 2025:

The US green hydrogen market experienced a fall in prices due to the decreasing renewable energy costs and supportive government initiatives. Besides, government support, such as the extension of the tax credit for clean hydrogen production, further incentivized investment in green hydrogen projects. These policies also played a vital role in supporting the development and commercialization of green hydrogen, potentially offsetting some of the production costs.

Q4 2024:

Natural gas remains a critical feedstock for hydrogen production, and its rising prices directly impacted the cost of green hydrogen in the region. Besides, the U.S. Department of Energy's initiative to create a clean-hydrogen economy, including funding for hydrogen hubs, also influenced the market and prices. Moreover, the increasing demand for green hydrogen in the transportation sector further impacts the market.

Q4 2023:

In the fourth quarter of 2023, the green hydrogen market in North America showed a bullish trend, largely on account of rising production costs driven by increasing natural gas cost, which pushed up energy expenses. The market also benefited from growing investments, reflecting positive trend and further boosting demand. Additionally, the industry continued to show strong demand for Green Hydrogen, maintaining upward pressure on prices. Notably, the United States saw the most pronounced changes, with significant price adjustments throughout the quarter. However, no major plant shutdowns were observed throughout this period. Overall, the market's growth in Q4 2023 was fueled by sustained demand from the fuel sector, robust investment activities, and increased energy costs.

Specific green hydrogen historical data within the United States and Canada can also be provided.

Middle East and Africa Green Hydrogen Price Trend

Q2 2025:

As per the green hydrogen price chart, prices in the Middle East experienced notable fluctuations, influenced by a combination of strategic investments, policy developments, and regional market dynamics. Prices in the UAE were influenced by several strategic developments, particularly the initiation of formal negotiations between the European Union (EU) and the UAE for a Comprehensive Economic Partnership Agreement (CEPA).

Q4 2023:

The report explores the green hydrogen pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on green hydrogen prices for countries can also be provided.

Asia Pacific Green Hydrogen Price Trend

Q2 2025:

Countries like India and Japan were actively pursuing strategies to reduce green hydrogen costs and promote its adoption. India's approach focused on policy incentives and infrastructure development, while Japan explored market-based mechanisms to facilitate green hydrogen transactions. Moreover, by providing financial support and establishing a transparent pricing mechanism, Tokyo fostered an environment conducive to the growth of the green hydrogen sector, potentially influencing pricing strategies and market dynamics in other regions of Japan. These efforts contributed to the growth of the green hydrogen sector and pricing trends in the Asia-Pacific region.

Q4 2024:

The Asia-Pacific green hydrogen market saw significant price fluctuations in late 2024, with prices generally trending upward. This was driven by factors like increased demand and rising renewable energy costs. Besides, the fluctuating cost of renewable energy, crucial for green hydrogen production, also impacted the prices. Moreover, government policies and incentives for green hydrogen and development of hydrogen-based infrastructures, such as pipelines and storage facilities, further influenced the market.

Q4 2023:

In the last quarter of 2023, green hydrogen market of Asia Pacific saw substantial growth, driven by new projects, strong government initiatives, and technological progress across countries like South Korea, Australia, India and Japan. The market benefited from substantial investments and collaborations, particularly in enhancing electrolyzer technologies, which helped reduce costs and promote adoption. While successful pilot projects showcased green hydrogen potential in various sectors, constraints remained, such as inadequate infrastructure, changing regulatory frameworks and rising prices compared to fossil fuels. Nonetheless, the region continued to focus on increasing production and developing necessary infrastructure to support the burgeoning green hydrogen sector.

This green hydrogen price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Green Hydrogen Price Trend

Q2 2025:

Latin America's green hydrogen market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in green hydrogen prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the green hydrogen price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing green hydrogen pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

Green Hydrogen Price Trend, Market Analysis, and News

IMARC's latest publication, “Green Hydrogen Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the green hydrogen market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of green hydrogen at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed green hydrogen prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting green hydrogen pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Green Hydrogen Industry Analysis

The global green hydrogen market size reached USD 1,687.17 Million in 2024. By 2033, IMARC Group expects the market to reach USD 62,562.67 Million, at a projected CAGR of 46.93% during 2025-2033.

• Governments around the world are enforcing stricter de-carbonization measures with the intention of tackling the serious issue of climate change. This regulatory push ultimately aims to make green hydrogen an indispensable part of the carbon neutrality goal attainment.
• Renewable energy sources, such as wind and solar, have become even more affordable with the dropping prices. This makes green hydrogen production via renewable electricity even more economical.
• Constant innovations in electrolysis technology accelerate production and lowers operational expenditures. Advancements, including cutting edge membrane technologies and longer operational lifespans of electrolysers, help reduce the total cost of green hydrogen generation.
• According to a survey conducted by McKinsey & Company, total hydrogen demand can reach 600 to 660 million tons by 2050, abating more than 20 percent of global emissions.
• Countries are seeking to diversify their energy sources in order to limit the volumes of imported fuels. Green hydrogen which can be produced in the homeland, both provides an option which is environmentally friendly and increases energy security.
• Different nations utilize the mechanisms of state financial support, including grants, tax breaks, and subsidies for projects in the area of green hydrogen. This financial assistance mitigates to a certain extent the risk of investments in green hydrogen infrastructure technologies.
• Green hydrogen is an indispensable element in interconnecting various industries including transportation, industrial processes, and electricity generation. This flexibility facilitated its application in several areas by increasing the demand for the product.
• The creation of international platforms for technology exchange and joint partnerships, which facilitates the development and implementation of green hydrogen projects, helps to foster the development of a more globally connected market.
• The growing environmentally aware consumer base with better knowledge is providing a thrust to the requirements for green products and technologies involving green hydrogen. 
• Significant investments in R&D by both governments and businesses sectors are aimed at overcoming existing obstacles to the green hydrogen production process, in particular energy cost and low efficiency. 

Green Hydrogen News

The report covers the latest developments, updates, and trends impacting the global green hydrogen industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in green hydrogen production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the green hydrogen price trend.

Latest developments in the Green Hydrogen industry:

• 20 February 2024, NTPC arm NGEL has signed an agreement with the government of Andhra Pradesh for the development of an integrated green hydrogen hub. The Pudimadaka Green Hydrogen Hub aims to create a world-class ecosystem for technologies in the new energy paradigm, such as electrolysers and fuel cell manufacturing, related ancillary industries, startup, incubation, testing facilities, production and export of green hydrogen and its derivatives.
• On 10 March 2023, Thermax Limited and Fortescue Future Industries (FFI) signed a Memorandum of Understanding (MoU) to explore green hydrogen projects, including new manufacturing facilities in India. Under the MoU, Thermax and FFI plan to explore opportunities to jointly develop fully integrated green hydrogen projects for commercial and industrial customers in India.

Product Description

Green hydrogen is obtained through the splitting of water into hydrogen and oxygen using only electricity in electrolysis. The electricity used in the electrolysis process of green hydrogen comes from renewable energy sources, including wind, solar, or hydroelectric power. By applying this method, the production of hydrogen gas does not emit carbon dioxide, hence green hydrogen gas is categorized as a clean and sustainable energy carrier.

The usage of green hydrogen will ensure global sustainable energy solutions by providing a way to store energy generated from renewables and to transport it wherever necessary. It is also useful in various sectors including industry, power generation, and transportation and in reduction of emissions and to combat climate change.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of green hydrogen pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting green hydrogen price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The green hydrogen price charts ensure our clients remain at the forefront of the industry.