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


first_imgDrumkeen Youth ClubYouth Club this Fri 18th Oct in St. Patrick’s hall from 7-9 pm. Membership for 2013/2014 is only €20 per person or €30 per family payable on the night. Members must be 12 years or over. All members must be accompanied by a parent or guardian to register. Irish Conversational ClassesAnyone interested in Irish conversational classes text your name and the words Irish class to 086 4083625. Classes will be held in St. Patrick’s school on a Tues night 7-9 pm subject to funding from Donegal ETB (formerly VEC) A basic understanding of the language is needed. Charlie Daly & H-Block Martyrs Sinn Féin Cumann DrumkeenLotto Results 10th Oct 04, 09, 19, 22. No jackpot winner. 2 winners €50 each. Susanne Mc Fadden, Drumkeen. Damian Deasley, Drumkeen. Next weeks jackpot €525. Go raibh maith agat.Jiving LessonsJiving lessons for beginners in St. Patrick’s hall every Mon night at 9 pm, everyone welcome.Locally Produced Titanic ShowCongratulations and best wishes to Raymond Sweeney and Louise Hayden, Drumkeen, Ballybofey, and Jimmy Keegan, former principle dancers with Lord of the Dance on the creation, production and upcoming performance of their new show, Titanic Dance which will make its debut in the An Grianán Theatre on Thursday the 17th of October. A love story set on the Titanic, the show features twenty top class traditional Irish dancers including four local Donegal dancers, Ivan Breslin, Rachel Mc Ginley, Carol Anne Houston and Michaela Ramsey as well as a host of other highly talented and experienced professional international dancers.YouthreachAre you aged between 15-20 years? Have you left school early? Would you like to gain a FETAC or LCA qualification? If so the Youthreach programme, through Donegal ETB’s Adult Education Service, is for you. It offers full-time education, training and work experience in a wide range of skill areas, including art, communications, computers, woodwork skills, childcare, food and nutrition, health related fitness and many more. You’ll receive training, meal and travelling allowances where appropriate. Please contact the Letterkenny Youthreach centre on 074 91 22585. Parish HallAnyone wishing to book the hall should contact Charlie Quinn on 91/34010 or 087 7728608Drumkeen NotesAnyone wishing to have material included for next week. Please Email: or text 086 4083625 (Deadline Fri @ 8pm) Please note the new deadline. DD LOCAL – DRUMKEEN YOUTH CLUB NOW TAKING MEMBERSHIP was last modified: October 13th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Drumkeen noteslast_img read more