Transcription of David Steven Jacoby,SeniorFellow BostonUniversity ...
1 DRAFTE conomicsofFloatingWindforGreen HydrogenDavid Steven Jacoby,SeniorFellowBostonUniversity InstituteforSustainableEnergy63 Faculty19 Fellows48 Reports80 EventsScientistsEngineersEconomistsPolic yAdvisorsInvestors2 DRAFTM assiveLong-TermAnticipationforGreenH2 Massiveper-kgcostdecreases by2030 Green H2willscaleto nearlyhalf ofallproductionbetween2030and2050$ $ $ $ $ $ (Millions)H2 ProductionOutlook2030 Gray2035 Blue20402045 Green/Yellow/ ,IRENA,USDOE,BNEF, :BostonStrategiesInternationalanalysis $-$10$20$30$404,000$803,500$703,000$60 Cost/$50 MWh (USD)05001,0001,5002020203020402050 MWh2,500(millions)2,000 MWh(millions)LCOE($/MWh)0102040 Massive LCOE costdecreasesby 2050 Financialviabilitydependsonabilitytoscal eandsubsidiesPowerOutlookforGreenH2 ProductionFloatingOffshoreWind-Comparati veCosts5,000$100604,500$9050 Unsubsidized30 LCOE( /kWh)2020202520302035204020452050 ,IRENA,USDOE,BNEF, :BostonStrategies Internationalanalysisofdata : Boston Strategies International modeling of energy sources for green hydrogen production by wind vs.
2 Other sources, offshore vs. onshore, floating vs. fixed , etc. Relies on base data from DNV, Rystad, IRENA,USDOE,BNEF,NREL,CNBC, RefinementofCapExandOpEx ,hydro, nuclear,etc. andbydesigntype,includingcostandend-to-e ndCO2footprint Standardization Localvalueadded AvailabilityofspecializedvesselsIllustra tivePotentialProjectEconomicLeversFixeda nd FloatingWindPotentialforGreenH2010203040 506070050,000100,000150,000200,000250,00 0202020252050#FarmsMWMWF ixed2030203520402045 MWFloating# fixed # floating (installation,m aintenance) Availabilityofmaterials( ,rare earths) Lifecyclecost(including decommissioning) GovernanceAligning Stakeholders AroundProject Planningand TargetsDefiningValue ChainBoundary and Carbon EvaluationDecidingon Technologiesand Channel ChoicesTargeting Channels& BusinessModels to Maximize Competitive SupplyChain ScaleREVchain ProcessRefinementof CapExandOpEx projectionsvs.
3 Solar,hydro, nuclear, by designtypeStandardization Localvalue added Availabilityof specialized vessels (installation, maintenance) Availabilityof materials( , rareearths) Lifecycle cost(incl. decommissioning) End-to-endCO2footprintBostonUniversityIn stituteforSustainableEnergy6 Source:DavidStevenJacoby sanalysisusingREVchain frameworkFloatingWind Project Economic LeversThis report has been prepared by Boston Strategies Int projections with respect to anticipated future performanc statementsandprojectionsarenoguarantee ,suppliers,customers,and/orgeneralorspec ificeconomicconditionsandfactorsthatareb asedonBostonStrategiesInternational manceandinvolvesignificantbusiness,econo micandcompetitiverisks,contingenciesandu ncertainties, market trends and external gly, these projections and forward-looking statements may not be University Institutefor
