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

Lawyers exempted from federal privacy provision

first_imgLawyers exempted from federal privacy provision Lawyers exempted from federal privacy provision January 1, 2006 Regular Newscenter_img A federal appeals court has ruled the nation’s lawyers are not bound by the privacy and information-sharing requirements of the Gramm-Leach Bliley Act.The U.S. Court of Appeals for the District of Columbia Circuit ruled December 6 that the privacy provisions of Title V of the Gramm-Leach-Bliley Act do not apply to lawyers, stating, “We cannot hold that Congress has directly and plainly granted the [Federal Trade] Commission the authority to regulate practicing attorneys as the commission attempts.. . . The commission’s interpretation is not a reasonable one,” Judge David Sentelle wrote for the three-judge panel that heard the case.“When we examine a scheme of the length, detail, and intricacy of the one before us, we find it difficult to believe that Congress, by any remaining ambiguity, intended to undertake the regulation of the profession of law — a profession never before regulated by ‘federal functional regulators’ — and never mentioned in the statute. To find this interpretation deference worthy, we would have to conclude that Congress not only had hidden a rather large elephant in a rather obscure mousehole, but had buried the ambiguity in which the pachyderm lurks beneath an incredibly deep mound of specificity, none of which bears the footprints of the beast or any indication that Congress even suspected its presence. We therefore seriously doubt that Congress intended to empower the Commission to undertake that regulation.. . . ”Chief Judge Douglas Ginsburg concurred. The third judge on the panel was now U.S. Supreme Court Chief Justice John Roberts, who did not participate in the final decision.The GLBA requires financial institutions to send out notices to customers alerting them to the possibility of disclosure of their personal financial information and providing methods for customers to “opt out” of the institution’s disclosure practices. When the FTC sought to apply this provision to attorneys engaged in such practice areas as tax planning and transactions, estate planning, real estate closings, and personal bankruptcy, the New York State Bar Association and the ABA challenged that policy successfully in court.Judge Reggie B. Walton of the U.S. District Court for the District of Columbia granted summary judgment in May 2004.last_img read more

Good neighbours

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ITTF Hails Nigeria over Vaulejet Para Table Tennis Open

first_imgFor the Nigeria Table Tennis Federation (NTTF), the tournament is another efforts by the board to make the federation an all encompass for all athletes.The President of NTTF, Ishaku Tikon who was represented by the Head of Para Section of the federation, Elderson Bankole, the idea of the tournament was to ensure that the para players tune up before the Tokyo 2020 as four of them had already qualified for the games in Japan.“We want to ensure that our athletes shape up for Tokyo 2020 and particularly the classification of the athletes which would help to throw up new players. we also thank our sponsors for identifying with the federation and supporting the tournament. we hope they will remain with us and others will join them in future,” the NTTF boss said.In his remarks, the Secretary General of Nigeria Olympic Committee (NOC), Olabanji Oladapo, the para table tennis players have been pride to Nigeria in several tournaments and with the tournament, more players hope to come through in near future.he however, pledged the NOC support to para table tennis while hoping that the tournament would put the Tokyo-bound players in good shape.For the Head of Business and Programme, Valuejet, Temitope Ajibola, the company would continue to support sports, while pledging their unalloyed support to para table tennis.The tournament serves off on Thursday December 19 to 21 at Molade Okoya-Thomas Hall of Teslim Balogun Stadium.44 titles will be competed in class 1 to 10 in singles and teams event for men and women, while N10.8m will be the total prize money with the top three in each event getting cash rewards for their efforts.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram For muting the initiative to stage the maiden maiden Valuejet Para Table Tennis Open, the International Table Tennis Federation (ITTF) has hailed Nigeria while hoping that other African countries would take a cue from this.According to ITTF Classifier, El-Sayed Mehrem, the idea of hosting the international tournament is commendable as few countries in Africa has been able to stage a successful tournament.“I am impressed with what I have seen so far in Nigeria particularly the hospitality of the people. I believe Nigeria has the potential to rule the world in para table tennis considering its rising profile in Africa. I must congratulate Nigeria and the organisers for making this a reality because I have been impressed with the organisation so far and i hope this tournament has come to stay. we hope and believe it can make it to the calendar of ITTF in years to come,” the Egyptian expert said.last_img read more