The estimated prices of Green Hydrogen in the US market have declined by 8% in March 2025. This development was majorly caused due to lower prices of renewable energy. Furthermore, government initiatives like “Hydrogen Shot” have further created uplifting sentiments for the affordability in the prices of green hydrogen in the upcoming future.

Despite political turmoil and higher economic uncertainty, the cost of renewable energy worldwide is falling, these downward trends are expected to carry forward in the upcoming months. Thus, further leading to lower Green Hydrogen production costs. The cost of clean energy such as solar, wind, and battery is expected to decline by 4 to 11% this year. Higher than last year's average decline. Further decline is expected depending on location and government policies. For those countries that impose tariffs on renewable energy imports like India, the USA, and Europe decline is expected to persist, but the impact is likely to be lower than for countries that don’t impose tariffs on imported renewable technologies.

With respect to emerging contracts of green Hydrogen, HNO International secured a $10 million hydrogen offtake agreement with a Texas-based mobility company in March 2025. In this agreement, HNO will supply hydrogen from its scalable hydrogen energy platform to power the consumer’s fleet of Class 8 Hydrogen Fuel cell Vehicles. These developments highlight the growing demand for clean hydrogen fuel in heavy-duty transportation.

Emerging technologies in the sector like March 11, 2025, New Hydrogen has filed for a patent for its thermal loop technology. This aims to utilize water and heat to produce Green Hydrogen more cost-effectively.

The U.S. Department of Energy has launched the Hydrogen Shot™ aims to reduce the cost of clean hydrogen to $1 per kilogram within a decade (by 2031). The renewable energy cost reduction could result in at least a five-fold increase in the use of Green Hydrogen and expand existing hydrogen markets, creating market space for Green Hydrogen, and creating jobs through investment and triggering the flow of private capital.

These developments have led to the overall decline in the prices of the Green Hydrogen market in the month of March.

As per our Database, the price of Green Hydrogen is expected to remain on the lower end in the upcoming months. This is likely due to lower production costs and government initiatives likely to bring the prices downwards. Furthermore, continued investment and improved technologies in the sector are likely bring the prices further in the downward direction.