And that technology is hydrogen. Hydrogen has some very large difficulties to overcome if it is to be successful as an export fuel for electricity production in Asia. David’s responsibilities cover policy sponsorship of Companies House and the Insolvency Service. David Leitch is owner of ITK, a small consultancy focussing on electricity industry analysis. IRENA noted that hydrogen shipping can be done in at least three ways, via Ammonia with energy losses of 45% (hydrogen compression 19%, electrolysers 16%, power converter efficiency 10%); via methyl cyclohexane (whatever that is) losses of around 43% and via liquefaction (same as LNG) with losses of 20%-45%. But no, that work is left to the states, while the federal government enthusiastically backs coal, gas, and as a sideline out-of-the-picture technologies like nuclear and carbon capture. What wind and solar can and can’t do is now well understood. RCR Energy Service | Australian Renderers Association Inc David Leitch (+) [email protected] 08 9455 5511 239 Planet Street, Welshpool 6106, WA, Australia 08 9455 5511 08 9455 5593 Thoroughly and appropriately integrating these technologies into today’s electricity grids presents plenty of work for system planners and developers. We see a price of around US$75/MWh from this chart, maybe US$ 70/MWh for sites with first production in 2024 or later. David Leitch is a billion dollar film director, actor, stuntman, writer, producer, and stunt coordinator. View David Leitch’s profile on LinkedIn, the world’s largest professional community. See the complete profile on LinkedIn and discover David’s connections and jobs at similar companies. In the car industry, electric vehicles, despite starting many years behind fuel cells, are dominating the race to non-fossil fuel light transport. There is also a long history of “fuel cells” for transport. Locally produced wind and solar [VRE] offers energy independence, but for many Asian countries the land mass or population density does not suit the mass deployment of solar or wind in the way we are rolling it out in Australia. One might think that Australia has enough to do with wind and solar and lithium and that the federal government could get behind Australia’s fantastic position in these industries. David directed Atomic Blonde (2017) starring Charlize Theron. He has worked as an equities analyst since 1983 and was rated as a top 3 analyst in 3 separate sectors of the Greenwich Australia survey. 1 Australia’s power market issues - Technology is moving the dial and empowering the end user – User control (the internet) – Smart Grid Our focus is on helping clients make good decisions. The famous Gorgon plant offshore in West Australia started up a decade late. View David Leitch’s profile on LinkedIn, the world’s largest professional community. Commercial-scale offshore wind is expected around 2025. ITK offers price forecasts, comprehensive information on new supply and is skilled in asset valuation. Click here to read the original article. Energy Insiders - a RenewEconomy Podcast on Apple Podcasts. The Global CCS Institute in Australia has been working on an Otway Basin project for years. The Hydrogen Council steering Group for that report looks as follows: What I see in that list is a group of global car companies, and oil companies with a Japan and perhaps China cluster. David Leitch 29 April 2021 0 Over the years I’ve seen lots of demergers by listed companies and most have been more or less successful at creating value. Nucleus Investment Insights – Untangling Australia’s Energy Market with David Leitch. 189 episodes. Join RenewEconomy founder and editor Giles Parkinson and columnist and energy markets expert David Leitch as they discuss the week's main events - politics, solar and storage. Podcasts where in-depth conversations with the world's top energy experts, leaders on challenges across energy sources, Energy policies The study’s authors report that at the end of 2018 there were only seven offshore floating wind projects in the world totaling just 44MW with another 203MW under construction. All Rights Reserved. To land in the wind will require diving at the spot from close and from a height. Plugging these numbers into a “Levelised cost of energy [LCOE]” model NREL finds that by 2032 offshore floating wind in Maine can be US $57/MWh. David also directed the box office smash and critically acclaimed Deadpool 2 (2018). David Leitch, Actor: Deadpool 2. But there are many, many losers. The flaps are very powerful and if applied too early in the wind the plane will just stop lose all energy and stop on the spot. The post A wrap on 2020: From denial to acceptance, and from acceptance to action appeared first on RenewEconomy. David has 1 job listed on their profile. S pecifically written for battery sellers, VPP-builders and investors, our White Paper aims to inform market entry and sales strategy via a deep-dive into battery project economics. So globally one of the main pushers of hydrogen is the “Hydrogen Council”. In an effort to limit and reduce the spread of COVID-19, the Strathcona Regional District (SRD) is taking additional precautionary measures by closing the administrative office doors to the public until further notice, located at 990 Cedar Street. Japan – high renewables Three slides copied from that presentation are: The key point is that at depths of less than 150 metres there is close to 100,000GW of offshore wind potential. David LEITCH, NSERC Postdoctoral Fellow | Cited by 1,055 ... Light alkanes and alkenes are abundant but under-utilized energy carriers due to their high volatility and low energy d. 14 Nov. David has 8 jobs listed on their profile. There are some successful CCS projects, in the sense that the carbon is captured, stored, and does not leak, but in general it’s been hard work. The China Day consisted of five webinars discussing various aspects of the 14th Five Year Plan and the country’s recently issued 2060 carbon neutrality goal. The Future Energy Market August 11, 2012 David Leitch David Leitch, Analyst , +61 2 9324 3870 IPART: Regulation and Reform Presentation. Maximising the benefit of renewables with an intelligent energy management system. Campbell River, BC – The situation regarding COVID-19 continues to evolve. This article was written by David Leitch and republished from Renew Economy 11 March, 2021. David Leitch 15 July 2020 0 Hydrogen has some very large difficulties to overcome if it is to be successful as an export fuel for electricity production in Asia. Increasing turbine size will help to lower costs by increasing energy output. Biden pledges $US2 trillion on clean energy, says climate not a hoax, Methane emissions surge to new record in blow to gas lobby, Musk says Tesla will only sell Solar Roof and panels with Powerwall batteries, Deakin Uni launches renewable microgrid, with Australia’s biggest on-campus solar farm, Simon Hackett uses big Redflow battery system to create microgrid at Tassie farm, ABB unveils “next-generation” 350kW electric vehicle chargers, Lightyear One solar car gets a new set of wheels to boost efficiency, Plug-in electric vehicles now dominate fleet purchases in Europe. This article follows a virtual presentation on ‘SA Water’s Zero Cost Energy Future program’ made by both Dr Robert May and Ashley Nicholls to the Electric Energy Society of Australia back on 30th September 2020. In this OIES Energy Podcast, Michal Meidan and David Ledesma discuss the key messages from the China Day that was held in mid-April. Right now, hypothetically, exported hydrogen would require about A$280/MWh (US$196/MWh) to earn its cost of capital as electricity in Japan. Turbine development and project management, grid connection, capacity factor and operations are identical to fixed. One of the most insightful presentations ITK has seen this year came from an ANU paper (lead Cheng Cheng) presented at the ANU 100% renewables conference in March 2020. David Leitch of ITK Services examines how electricity is losing its share of energy consumption in Australia, while also looking at the main drivers behind lower electricity demand this Summer compared to the previous year. There is an increasingly large number of cost estimates for hydrogen production from sources such as McKinsey for the Hydrogen Council and by various hydrogen groups in Australia and Europe. Hence some hydrogen hype. ITK offers price forecasts, comprehensive information on new supply and is skilled in asset valuation. News and analysis for the clean energy economy. David Leitch Monday, February 1 2021. However, in the market the car companies are not betting on fuel cells the way they are on electric vehicles. The Hydrogen Council originated at Davos and has the laudable aim of promoting hydrogen. And also hydrogen. Recently it commissioned McKinsey to do a major report, released in late January 2020, on the outlook for hydrogen costs. Energy Insiders - a RenewEconomy Podcast on Apple Podcasts. So for IRENA – and IRENA may be quite conservative – the 2050 delivered cost of hydrogen at a port in Japan is around $US2/kg or $US16/GJ. Perhaps the answer is to get behind another new technology where the winners and even the future of technology are yet to be determined? David has been leading on the AGM provisions in … View David Leitch’s profile on LinkedIn, the world’s largest professional community. He is principal at ITK, specialising in analysis of electricity, gas and decarbonisation drawn from 33 years experience in stockbroking research & analysis for UBS, JPMorgan and predecessor firms. Listen to the discussion on the latest trends and development in energy, cleantech, renewables. Lots of power is needed for firming but the energy and hence fuel requirement is much smaller. This requires floating offshore wind, a technology still very much in its infancy. So if the cost was right there would clearly be lots of potential for offshore wind in Japan. David Leitch is a regular contributor to Renew Economy. Even so, over 10 years power output can probably double but turbine costs per MW of rated capacity decline by 1/3. Join RenewEconomy founder and editor Giles Parkinson and columnist and energy markets expert David Leitch as they discuss the week's main events - politics, solar and storage.. 215 Tracks. Energy Insiders podcast David Leitch's regular interviews with key power market players We’d love you to stay in touch, so please subscribe here to stay up to date with ITK’s analysis and new developments! David Leitch is lead for Company Law Frameworks in the Department for Business, Energy and Industrial Strategy. David Leitch is a senior research analyst at UBS investment bank covering utilities and building materials. David contributes voluntary research to leading industry websites, Reneweconomy and occasionally WattClarity. David Leitch 29 January 2021 0 The charts below show that the average “good” energy share in our random portfolio was up over 100% last year and this performance has continued into January. 90% of Maine’s offshore wind is >9 m/s. David Leitch is owner of ITK, a small consultancy focussing on electricity industry analysis. Japan’s electricity consumption is pretty close to 1PWh (1000TWh) and assuming a capacity factor of 40% would require about 300GW of wind to serve 100%. Floating offshore has different costs for substructure and foundation and for dynamic array cables, and different installation and maintenance. This paper looked at 100% renewable energy in Japan. Our focus is on helping clients make good decisions. 843 Followers. He co-directed John Wick (2014) with Chad Stahelski, which he also served as producer. NSW health website for updates on COVID-19. Please refer to the NSW health website for updates on COVID-19 before attending the event. David is a Fellow of the Australian Institute of Energy and has more than 30 years experience in research for leading investment banks in Australia. Best Energy Podcasts. Join RenewEconomy founder and editor Giles Parkinson and columnist and energy markets expert David Leitch as they discuss the week's main events - politics, solar and storage. Prices in $/KG are hard to translate but broadly it takes 8 kg of hydrogen to have the same energy content as 1 GJ of gas. Energyinsiders has conducted interviews with many of the leading figures in the Australian electricity, gas and decarbonisation industries. © 2021 by Smart Energy Council. Those few seats determine which party sits in power. That is changing now as some winners – Tesla, Nextera and Orsted – become more obvious. @ Copyright RenewEconomy 2020. There are 100+ professionals named "David Leitch", who use LinkedIn to exchange information, ideas, and opportunities. 18 years of global energy sector analysis, with experience across renewables, oil and gas, and coal. ITK believes the cost of capital will be higher for the first few projects but once these have been proved up, particularly under severe weather conditions, the WACC should drop to the same level as fixed offshore. Our focus is on helping clients make good decisions.Separately David is cohost of “Energy Insiders” a Reneweconomy podcast which goes behind the headlines in the electricity industry. EXCLUSIVE: David Leitch and Kelly McCormick and their 87North production label tomorrow launch their latest high-octane action film. By David Leitch For energy market analysts, it’s not so much about what happened in 2020, but what it means for 2021 and beyond that’s of interest. https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2019/Sep/IRENA_Hydrogen_2019.pdf, https://hydrogencouncil.com/wp-content/uploads/2020/01/Path-to-Hydrogen-Competitiveness_Full-Study-1.pdf, https://www.nrel.gov/docs/fy20osti/75618.pdf, https://www.dropbox.com/sh/qajm9vynno0dydp/AADzO1LzEu7sn-g_KCN54Iiua?dl=0&preview=4b+Cheng+Cheng.pptx. I also wonder about the sense in Australia pursuing both a fuel cell transport network and an EV charging network but perhaps that is a “game” best played out in the market. Over three years, the share price has halved. David Leitch 15 February 2021 0 Origin Energy’s returns have been every bit as bad as AGL’s over the past 12 months – and over the past three years. David G. Leitch is global general counsel for Bank of America, responsible for overseeing the company’s legal functions around the world. Still, the losers represent a big piece of global capital. It’s true that there will still be a need for firming, but again, people who don’t understand renewable energy tend to overestimate the amount of energy required for firming. Contact David at david.leitch@itkservices.com.au Ben Willacy. However, their estimate of “blue” hydrogen production cost is likely conservative as it sees no cost reduction from scaling up. All rights reserved. Based in Charlotte, he is a member of the bank’s executive management team. Should you have any further enquiries, feel free to contact the Smart Energy team on, +61 1300 768 204 or email at admin@smartenergy.org.au. Stream Tracks and Playlists from Energy Insiders - a RenewEconomy Podcast … IRENA produced one graph which gives a reasonable indication. posted by David Leitch at 10:40 AM 0 comments. View the profiles of professionals named "David Leitch" on LinkedIn. Leitch joined the bank from Ford Motor Company, where he was general counsel and group vice president from 2005 through 2015. “Carbon lite” hydrogen can be produced in two ways, (i) using say natural gas with carbon capture and storage (blue hydrogen) and (ii) from wind and solar (green hydrogen). However, offshore wind, and particularly, offshore floating wind is likely to represent a very competitive threat. We also like to feature international experts. David Leitch, the director of Hobbs & Shaw and Deadpool 2, is set to produce the amnesia-themed movie Fast and Loose for STX with his 87North partner Kelly McCormick, reports Deadline.. Jon … Co-founded Sustainable Energy Research Analytics (SERA), creating and maintaining the SERA Tracker product providing data and analysis on Australian wind and solar developments. What Boeing is doing there is not obvious but I guess it’s a pleasant distraction from worrying about other issues. Australia and the world’s exciting rush into renewable energy has seen the cost of wind and solar fall very dramatically. Looking at the following figure it’s probably best to focus on the 7-10 (m/s) section and not the very high wind speed best case. Although ITK has the greatest skepticism of carbon capture and storage it is nevertheless likely that some businesses, perhaps with existing depleted storage facilities, may have a natural advantage in that area. Giles Parkinson and David Leitch cover a range of interesting energy topics with Erin from the global growth of offshore wind and what’s involved in bringing offshore wind to Australia to electric vehicles. See the complete profile on LinkedIn and discover David… The following sets out salient points from some of the studies we have been looking at. In any event, this note is concerned with electricity. However, the fly in the ointment is the water depth, 150 metres. 201 episodes. It’s very likely that every Asian country will want to be as energy independent as possible. By contrast, by 2030 offshore floating wind may be around US$60/MWh – less than one-third of the hydrogen price. If they can’t be winners in wind, solar or lithium, what can they do? Tuesday, February 15, 2005. ITK offers price forecasts, comprehensive information on new supply and is skilled in asset valuation. Indeed in stock markets, historically, it’s been way easier to find losers than winners. The following figure taken from the NREL report shows the estimated non-floating offshore wind costs adjusted to remove production tax credits and including transmission connection. So even a price of US$1/kg corresponds to about US$8/GJ of gas, and then there is the transport cost. Note that hydrogen may well have an important role in process heating applications such as steel making. It’s hard to see that as providing a competitive future for Japan’s electricity sector. But it doesn’t matter which party is in power, because neither of them has an industry or energy policy worth sending out in an email. One of the first places ITK goes for global cost information is NREL and, sure enough, they have a recent study on offshore floating wind costs, even if for Maine, USA. David has 3 jobs listed on their profile. Posted on November 14, 2019 January 15, 2020 by Tim Fuller. The definitive guide to building profitable commercial & industrial battery and VPP projects. The Tesla story is well known, but major global manufacturers like VW have bet the company’s future on lithium and others like Hyundai and Ford are putting very significant capital into electric cars. 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