alternative fuel prices in Europe
Hydrogen price in Europe in
The price of hydrogen fuel in Europe varies depending on several factors, such as location, production method, and demand. At the time of this writing, the average price of hydrogen fuel in Europe varies between €9 and €12 per kilogram, with some countries with slightly higher or lower prices.
However, it should be noted that the price of hydrogen is expected to decrease in the coming years as production technology improves and economies of scale are achieved. In addition, some European countries are applying policies and incentives to encourage the use of hydrogen as a clean energy source, which could drive prices down further in the future.
To support the development of a hydrogen economy, the EU has established a comprehensive hydrogen strategy that includes investments in research and development, infrastructure and regulatory frameworks. The EU intends to increase renewable hydrogen production to 40 GW by 2030, with the goal of producing up to 10 million tons of renewable hydrogen per year.
Several European countries, such as Germany, France, the Netherlands and Spain, have also announced ambitious hydrogen strategies and are investing in developing the technology and infrastructure needed to support a hydrogen economy. The European hydrogen industry is expected to create jobs and boost economic growth, while contributing to achieving Europe's climate and energy targets.