Shell Is Immediately Closing All Of Its California Hydrogen Stations | The oil giant is one of the big players in hydrogen globally, but even it can’t make its operations work here.::The oil giant is one of the big players in hydrogen globally, but even it can’t make its operations work here. All seven of its California stations will close immediately.
Green hydrogen–where it’s produced entirely using renewable resources–currently costs at least twice as much as producing it from hydrocarbons. Depending on the details, it can be seven times as much. Pink hydrogen–water electrolysis powered by nuclear–is barely much better.
The vast majority of production comes from hydrocarbons. Most of it currently goes to the agricultural industry for making nitrate fertilizer.
This is entirely the petrochemical industry trying to open up a new market before it loses its current biggest one.
I get it, but cost is irrelevant if it is produced using green power that would otherwise be wasted anyway from overproduction.