The Tokyo metropolitan government has announced the results for its first double-sided auction for green hydrogen, which revealed that buyers are prepared to pay up to $23/kg for small-scale deliveries.
However, it also exposed a vast difference in price expectations between suppliers and offtakers for larger-scale orders.
In this tender, suppliers bid the lowest possible price they could sell their hydrogen for, while buyers bid the highest price they were willing to purchase at — with city government funds filling in the gap.
