Morgan Stanley: Green hydrogen could be economically competitive by 2023

first_img FacebookTwitterLinkedInEmailPrint分享Recharge:Green hydrogen could as soon as 2023 be competitive with grey H2 made using fossil fuels thanks to US wind power that’s as cheap as $5/MWh, said finance giant Morgan Stanley.Steep falls in clean generation costs mean at $1.53/kg, hydrogen produced via electrolysis sited at “best in class” US renewable projects is already competitive with so-called blue H2, made using abated gas, said Morgan Stanley in a note to clients.By 2023/24 continued falls in onshore wind costs that are already often as low as $20/MWh – and, crucially, a further extension to key renewable energy tax credits – could drive LCOE in regions such as Texas and the Midwest as low as $5-7/MWh, Morgan Stanley’s analysts reckon.That would make green hydrogen from wind competitive with new grey production “much sooner than appreciated” at about $1/kg, said the note, adding that the price of renewable H2 is “highly sensitive” to generation cost falls, with a $2/MWh reduction driving it down by $0.10/kg.The US offers one of the biggest potential markets for green hydrogen to act as a key driver of the energy transition by displacing fossil fuels, Morgan Stanley said. As elsewhere in the world, grey hydrogen produced via unabated fossils currently dominates the US market with a price of about $0.30/kg that excludes the capital cost needed to bring new capacity online.The Morgan Stanley analysts admit the dramatic fall depends on ongoing reductions in the costs of electrolyser technology, and subsidies to support green H2 electrolysis, as well as an extension of the wind power production tax credit to 2024, but said they see both “as highly possible”.[Andrew Lee]More: Green hydrogen could match grey by 2023 thanks to $5/MWh wind power: Morgan Stanley Morgan Stanley: Green hydrogen could be economically competitive by 2023last_img read more

Committee ‘surprised’ by lack of interest in strategic alliance rule

first_img June 15, 2002 Regular News Committee ‘surprised’ by lack of interest in strategic alliance rule Committee ‘surprised’ by lack of interest in strategic alliance rulecenter_img There’s no demand among Bar members to be in “strategic alliances” to offer legal and nonlegal services to potential clients, but lawyers still want strict enforcement of unlicensed practice of law rules to prevent multidisciplinary practices.Young Lawyers Division President Liz Rice, representing the MDP Ancillary Business Special Commission, told the Bar Board of Governors recently the commission was surprised by the lack of interest in its proposed strategic alliance rule.Strategic alliances are agreements between lawyers and other professionals for providing a broad range of services to clients. But unlike MDPs — which the Bar strongly opposes — there would be no sharing of legal fees or nonlawyer ownership in a law firm.Rice said the commission sent out its proposed rule to sections and committees, and met with representatives of the Business Law, Real Property, Probate, and Trust Law, and Tax sections.“There was no overwhelming support for this rule,” she told the board. “We thought this was the cure for all the folks who wanted MDPs, but surprisingly they are not in favor of the adoption of this rule. What they want this Bar to do is become vigilant in going after people for the unlicensed practice of law.”The commission also wants the Bar to do more to help members with ancillary businesses — nonlegal businesses or services owned by lawyers. The Supreme Court recently approved a Bar-sponsored ancillary business rule.“We suggest the Bar continue to focus and concentrate on providing ethical guidelines for ancillary businesses,” Rice said. “Lawyers want more seminars on how to create ancillary businesses, and develop other alternative business models.”The commission recommended more advice on ancillary businesses be published on the Bar’s Web site and in the Bar News, and that the Bar look at the effect of ancillary businesses and similar arrangements on consumers. Rice said the panel also wants to set a unified approach by the Bar in enforcing and explaining the ancillary business rules.last_img read more

Lines of credit and terminated memberships; New workshop at compliance seminar

first_img This post is currently collecting data… This is placeholder text continue reading » No credit union likes to see its members leave the credit union or to have to expel someone from membership. However, when a membership is terminated, certain processes and procedures kick in. For example, determining how to close accounts, refund any balance in those accounts and shutting off any debit cards. But what happens to outstanding loan balances?Under the Federal Credit Union Act, federal credit unions are prohibited from lending to nonmembers. For closed-end credit, this is rather straightforward – the borrower must be a member at the time of consummation. As long as this requirement is met, terminating a membership during the lending relationship does not have a huge impact on the loan. The loan agreement remains in place and the borrower is still obligated to pay back any outstanding balance regardless of their membership status.However, when it comes to open-end credit, such as a line of credit, HELOC or credit card, the analysis gets a bit more challenging. This is because credit is extended each time a new transaction is made. The effect of this is that the borrower must be a member at the time each new transaction is made. When a membership is terminated, any subsequent transaction on an open-end credit account would be considered lending to a non-member. So, what happens when a borrower ceases to be a member, yet still has available credit on his account?center_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Broome County reports 10th coronavirus-related death

first_imgIn a press release, the Broome County Executives office says the individual was a female in her 80s who passed away at Lourdes Hospital. Check the Broome County’s website for updates on the coronavirus.  Broome County Executive Jason Garnar will continue to provide live COVID-19 updates on Facebook Monday through Friday at 3 p.m. (WBNG) — Broome County announced their tenth coronavirus-related death in the community on Saturday. For more coronavirus coverage, click here.last_img read more

Win of Young B&H Basketball Team Against Austria Placed Them in Quarterfinals

first_imgThe female junior basketball team of B&H won a place in the quarterfinal round of the European Championship of the B Division for players until 18 years of age in Hungary.The young B&H basketball players beat Austria last night in the fourth game as part of D group with a score of 70:55.The most efficient players of the B&H team were Nikolina Džebo with 20 points and Andela Delić with 14 points.With three wins and one defeat the B&H juniors placed second in the first round of competition. In the quarterfinals they will be in the group with Hungary and Latvia. They will play their first game against Hungary on Wednesday.(Source: Fena)last_img read more