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

Camas not throwing away its shot

first_imgCAMAS — There was no passing tumbleweed nor did the sound of clanging boot spurs fill the air, but Camas transformed into the Wild West on a recent weekday.Merchants in cowboy hats and bandannas marched down Northeast Fourth Avenue and announced it was time to go rogue.Camas wasn’t selected as the featured city on the upcoming season of “Small Business Revolution — Main Street,” an online show that offers a small town $500,000 to give makeovers to local businesses. Still, efforts to get on the show spurred a lot of local enthusiasm, and the Downtown Camas Association and local merchants aren’t ready to ride off into the sunset.“We’re a fighting town,” said Ann Matthews, owner of Arktana, a shoe and clothing store in downtown Camas. “We fight for what we’re passionate about. It’s hard to tell us no.”They filmed their downtown march in a video produced by Ernie Geigenmiller, owner of Camas-based Lacamas Magazine, an online publication. He also filmed video features on various businesses around the city while Camas tried to get on the show.The Wild West-themed video was used in a pitch to the show’s producers for a Camas-centered spinoff called “Small Business Revolution Out West,” as the show has only featured towns located in Indiana, Pennsylvania, Illinois and the upcoming season in Arkansas. Camas merchants haven’t received an answer on their pitch, but were told that they’re the only city in the show’s four seasons to make such an offer.last_img read more