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

Grange School Wins Zenith Bank/Ikoyi Club Swimming

first_imgGrange School at the weekend emerged the champions of the Ikoyi Club 1938 Inter-school Swimming Gala for Secondary Schools.The competition sponsored by Zenith Bank saw Grange toping with 240 points after amassing 12 gold, 11 silver and eight bronze medals. British International School finished second with 170 points which comprise eight gold, seven silver and two bronze medals while Children’s International Schools came third with 80 points after winning five silver and six bronze medals.15-year-old Nulia Nwokolo was the star athlete for Grange as she won four gold medals in 15-16 years butterfly girls; backstroke girls; freestyle girls and freestyle relay girls.In some other individual awards, Amaka Kanu of XFactor team won the best overall female with Omooluwani Obatoyinbo of BIS going home with the best overall male award.Individual per age category goes to Adewole Adekoye of Grange as the best 11-12 male while the female was won by Amaka Kanu of XFactor. The best 13-14 male goes to Obatoyinbo of BIS as Feechi Odinkalu also of BIS won the female category.Olaseni Adekeye and Nwokolo of Grange won the best 15-16 male and female respectively.The Chairman, swimming section of Ikoyi Club 1938, Segun Adekoya, appreciated the sponsors, Zenith Bank, and the parents for a successful competition over two weekends.The primary schools edition of the competition was held towards the end of January.Adekoya promised that some of the students would be monitored as the club continues to build brilliant children good in academics and sporting activities.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Dede Ayew poses with PSG players at night club

first_imgGhana midfielder André Ayew who is recovering from injury, was seen in the famous Parisian nightclub VIP Room, accompanied by many PSG players.The Ghana international was pictured with several PSG players in a recent night out in Paris which has sparked the criticism from some Marseille fans.Arm in arm with Edinson Cavani and Jeremy Menez, the Ghanaian also posed with the business owner, Jean Roch, who published the photo.The photo also had Marco Verratti, Salvatore Sirigu and Ezequiel Lavezzi which sparked some suspicion among Marseille fans that Ayew is plotting to join PSG.But Ayew insists he is not leaving Marseille and that he is friends with players of others clubs.“Everyone knows my love of the club (Marseille) and the colours (of Marseille) have always been ingrained in me,” Ayew responded on Twitter. “Please lets have some respect for each other. There is the rivalry of the clubs but there is also a reality that we are all human beings.”Ayew is expected to return to action by the end of next month.last_img read more