Course 15 of 20 · Hydrogen Desk Academy

Support Mechanisms & Revenue Scenarios

Stage D, Investment case and structuring. Level 7 of 10.

Support mechanism mechanics and the construction of revenue scenarios, including subsidy delay, reduction and withdrawal cases.

124 chapters · 11 modules · every chapter one 8 to 10 minute explainer · builds on: Course 05, Course 08, Course 14

Enrol or enquire See the 124 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

11 modules · 124 chapters

Open any module for its full chapter list, in teaching order.

M0 A Support Mechanism Is a Political Decision Ch 1-10
  1. Revenue That Exists Because a Government Decided It Should
  2. An Unawarded Subsidy Is an Assumption, Not Revenue
  3. Whose Seat These Cases Are Built From
  4. Why No Current Strike, Budget or Deadline Appears Here
  5. Legislated, Approved, Announced or Merely Proposed
  6. Tracing Consequences Without Predicting Anything
  7. Mechanism Design Against Mechanism Generosity
  8. The Four Readers of a Hydrogen Revenue Case
  9. The Ground This Material Stands On
  10. The Route From Mechanism Family to Revenue Case
M1 The Support Mechanism Families Ch 11-23
  1. Capital Grant: Money Towards Building the Plant
  2. Production Payment: Money Per Kilogram Made
  3. The Fixed Premium and What It Leaves Exposed
  4. The Variable Premium and the Sliding Scale
  5. Settlement by Difference and the Missing Reference
  6. The Carbon Contract for Difference and Its Abatement Base
  7. A Production Credit Delivered Through the Tax System
  8. Transferability, Direct Pay and Who Can Actually Use a Credit
  9. An Investment Credit Against Capital Spend
  10. The Intermediary Carrying a Tenor Mismatch
  11. Demand-Side Obligation as Indirect Support
  12. Concessional Debt, Guarantees and Public Equity
  13. Placing an Unfamiliar Scheme in One of the Families
M2 Allocation: How Support Is Awarded Ch 24-37
  1. Why Support Is Rationed Rather Than Offered
  2. The Single Parameter You Compete On
  3. Pay-As-Bid Against a Uniform Clearing Level
  4. Ranking by Subsidy Sought Per Tonne Avoided
  5. Ranking by Premium Sought Per Kilogram
  6. Rounds, Windows and the Years Between Them
  7. Reverse Bidding Inside a National Mission
  8. A Competitive Production Credit Awarded by Round
  9. Eligibility Gates Applied Before Any Scoring
  10. Non-Price Criteria and What They Are Buying
  11. The Oversubscribed Round and the Honest Loser
  12. The Undersubscribed Round and the Unspent Budget
  13. The Award Letter Is Not the Contract
  14. Bid Bonds, Completion Security and Skin in the Game
M3 From Award to First Payment Ch 38-48
  1. The Conditions a Support Contract Hangs On
  2. Investment Decision Deadlines Written Into the Award
  3. The Commissioning Milestone and the Clock It Starts
  4. Use It or Lose It
  5. Clawback and the Repayment Trigger
  6. State Aid Clearance as a Gate on Payment
  7. Carbon Intensity Evidence as a Payment Condition
  8. Electricity Sourcing Rules Attached to the Payment
  9. Reporting, Audit and the Cost of Being Funded
  10. The Gap Between Award and First Cash
  11. Earned, Claimed, Approved, Received
M4 How the Payment Is Calculated Ch 49-59
  1. Choosing the Unit the Payment Is Keyed To
  2. The Reference Price Problem Peculiar to Hydrogen
  3. One-Way Support and the Upside You Keep
  4. Two-Way Settlement and the Obligation to Pay Back
  5. Indexing an Agreed Level Across a Long Term
  6. Ceilings on Annual and Cumulative Payment
  7. Cumulation Rules When Two Schemes Pay One Molecule
  8. Who Keeps the Benefit: Seller or Buyer
  9. Where the Money Lands Along an Ammonia Chain
  10. An Illustrative Fixed Premium Receipt Worked Through
  11. An Illustrative Difference Settlement Worked Through
M5 Assembling the Revenue Stack Ch 60-70
  1. Every Line of Income a Hydrogen Plant Can Hold
  2. Contracted Offtake as the Anchor Line
  3. Unsold Output and What It Is Worth
  4. Oxygen as a Saleable By-Product
  5. Recovered Heat and Its Single Neighbour
  6. Flexibility Income From a Modulating Load
  7. Selling the Attribute Rather Than the Molecule
  8. When the Top Line Is Ammonia or Methanol
  9. Grading Each Line by How Certain It Is
  10. The Graded Stack Laid Beside Delivered Cost
  11. The Subsidy Dependence Ratio
M6 Turning a Stack Into Cases Ch 71-81
  1. The Assumption Register Behind Every Case
  2. Naming the Inputs Worth Moving
  3. A Central Case Is a Choice, Not a Prediction
  4. Sensitivity and Case Are Different Instruments
  5. Making Several Moves Hang Together
  6. The Yearly Profile, Not the Average Year
  7. Ramp Years and the Volume That Does Not Arrive
  8. The Step Down at the End of a Term
  9. Documenting a Case So Someone Else Can Rebuild It
  10. Weighting Outcomes by Probability, and When to Refuse
  11. An Illustrative Central Income Case Worked Through
M7 Delay Cases Ch 82-91
  1. Timing Slips Before Amounts Change
  2. A Round That Does Not Open When Expected
  3. A Long Negotiation Between Award and Signature
  4. Clearance That Arrives Late
  5. Your Own Plant Finishes After the Milestone
  6. Income Deferred Against Income Destroyed
  7. A Programme's Own End Date Overtakes the Project
  8. The Buyer Who Is Also Running Late
  9. An Illustrative Two-Year Slip Worked Through
  10. Where Delay Stops Being an Income Question
M8 Reduction Cases Ch 92-101
  1. Support Can Shrink Without Being Removed
  2. An Award Smaller Than the Volume Bid
  3. Scaling Every Winner Down When Budget Binds
  4. Degression Written Into the Design
  5. A Review Clause That Reopens the Level
  6. Rules and Guidance That Narrow Eligibility
  7. A Tax Credit Narrowed by Later Guidance
  8. Retroactive Change and the Year Already Produced
  9. An Illustrative Layered Reduction Worked Through
  10. Reading a Cut as a Signal About the Next Round
M9 Withdrawal and the Unsupported Case Ch 102-112
  1. Build the Unsupported Case First
  2. A Scheme Cancelled Before Any Award
  3. An Award Cancelled After It Was Granted
  4. Handing an Award Back on Purpose
  5. A Legislated Expiry With Nothing to Follow It
  6. Political Reversal and the Clause Meant to Cover It
  7. What Still Stands When the Money Goes
  8. Costs That Do Not Withdraw With the Subsidy
  9. An Illustrative Withdrawal Worked Through
  10. The Argument That Something Will Replace It
  11. Presenting a Withdrawal Case Without Being Dismissed
M10 Using Revenue Cases Ch 113-124
  1. The Case Pack as a Document
  2. Putting It to an Investment Committee
  3. Discussing It Across the Table From a Buyer
  4. Writing the Income Evidence Into a Bid
  5. The One Assumption That Carries Everything
  6. What a Case Pack Must Refuse to Say
  7. Keeping a Case Alive as the Rules Move
  8. A Worked Commercialisation Case, Part One: With Support
  9. A Worked Commercialisation Case, Part Two: The Harder Views
  10. What Revenue Cases Cannot Do
  11. What the Revenue Case Method Flattens
  12. Which Course Picks Up Each Open Thread

The brochure gives each of these 124 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 15 of twenty

It stands alone, and it is also the entry point to the Hydrogen Desk Academy pathway.

Enrol or enquire See the whole pathway