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On Lazard’s LCOE reports (Energy, Storage, Hydrogen)

image credit: Credit: Lazard
Laurent Segalen's picture
CEO Megawatt-X

Laurent is a Franco-British financier, founder of Megawatt-X, the London-based global platform for Renewable Energy Assets. For the past twenty years, Laurent has been trading and managing...

  • Member since 2019
  • 142 items added with 112,772 views
  • Nov 15, 2021
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Lazard, the renowned investment bank, has just published its yearly Levelized Cost of Energy (LCOE) report on the cost of various Energy Sources. It is the 15th Edition.

I analyse the 3 reports (Energy, Storage, Hydrogen) , draw conclusions on their thoroughness and what lessons can we learn from them

  

Laurent Segalen's picture
Thank Laurent for the Post!
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Bob Meinetz's picture
Bob Meinetz on Nov 15, 2021

Laurent, I think the biggest lesson we can learn from Lazard's LCOEs is recognizing that the company is an investment bank; that its first priority, as an investment manager who receives a percentage of capital gains in its clients accounts as payment, is seeing that its clients' portfolios increase in value.

If a disproportional number of Lazard clients are invested in renewables, there is an inherent conflict of interest in making renewables appear as better choices for fighting climate change than they actually are. More investment begets more investment, everyone makes money. Whether or not renewables are actually helping to address climate change is a distant second to creating the perception they are helping to address climate change.

All to say: it's mystifying that anyone would accept the analysis of an investment bank at face value, when the bank has everything to gain by hyping its investors investments and nothing to lose.

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