In Q2, the prices of Green Hydrogen in the US market saw a decline. This can be attributed to weak demand from the fuel industry and other downstream sectors. However, there was some positive news with the announcement of a $9.5 Billion investment for clean hydrogen from the president's bipartisan infrastructure law. Ongoing research and development efforts across the federal government also contributed to the market dynamics. Despite the weak demand, there was an adequate inventory level to meet the needs of the downstream industry. Plants were operating at a lower rate due to the lackluster demand. Additionally, the decrement in Natural Gas prices led to reduced production costs. The rising interest rate and decreased international market demand further added to the overall pessimistic market view. Hence, by the end of June, the prices of Green Hydrogen had decreased to USD 3500/MT FOB California.