Commodity Desk Academies

Hydrogen Desk Academy

Twenty courses. Beginner to advanced. No course assumes what it has not taught.

The learner must be able to defend a proceed, renegotiate, defer or reject decision on a specific hydrogen offtake or project using the actual contract terms, cost inputs and demand assumptions in front of them, without assuming a liquid hydrogen market exists or will arrive.

20 courses · 100 to 130 chapters each · every chapter one 8 to 10 minute explainer · self-paced

Enrol or enquire See the twenty courses
The pathway

Twenty courses in dependency order

A course may only assume capability taught by a lower-numbered course, and the level column never falls as you move down the table.

#CourseLevelBuilds onWhat this course owns
AHydrogen and its inputs
01Hydrogen Business & End Uses1/10noneWhat hydrogen is bought for today by refining, ammonia, methanol and heat users, and what each end use demands of a supplier.
02Pathways, Units & Specifications1/1001Production and conversion pathways with their purity grades, specification language, and conversion between mass, energy and volume bases.
03Electricity Procurement2/1001, 02Contracting electricity for an electrolyser: power purchase shapes, hourly matching rules, grid charges, curtailment and load factor consequences.
04Cost Structures & Delivered Costs2/1002, 03Assembling a delivered cost stack per pathway from capital, power, conversion, storage and transport inputs, and testing it for sensitivity.
BPolicy, certification and offtake
05Policy & Market Maturity3/1001, 02, 04Reading policy and regulatory instruments, and assessing how immature and illiquid the market actually is, including the case where it does not develop as projected.
06Certification & Carbon-Intensity Evidence3/1002, 03, 05Producing and auditing carbon-intensity evidence under a named scheme: data chain, system boundaries, verification, and what happens when evidence fails.
07Offtake Agreements & Buyer Requirements4/1004, 05, 06Drafting and negotiating the offtake itself: term, quantity obligation, specification warranty, delivery point, remedies, and buyer qualification conditions.
08Pricing Formulae & Indexation4/1004, 06, 07Building price formulae where no liquid hydrogen reference price exists: proxy index selection, pass-through of power cost, floors, caps and reopener mechanics.
CExposure, delivery and derivative demand
09Input-Cost Risk & Feasible Hedging5/1003, 04, 08Identifying which input and output exposures the signed contracts create, and testing which can actually be hedged with instruments that trade today.
10Storage, Transport & Delivery Contracts5/1002, 04, 07Storage, pipeline, trucking and shipping agreements: capacity rights, loss and boil-off terms, nomination regimes and liability allocation.
11Ammonia Commercial Economics6/1002, 04, 10Ammonia as the carrier: conversion and reconversion economics, cargo sizing, destination netback, and competition with conventional ammonia supply.
12Methanol & Other Derivative Offtakes6/1002, 10, 11Methanol and other derivative offtakes, where the product competes directly against an established fossil-based equivalent with an observable price.
13Customer Conversion & Willingness to Pay6/1001, 07, 08The buyer-side capital and operating cost of switching, and how to establish and evidence a willingness to pay rather than assume one.
DInvestment case and structuring
14Volume Flexibility & Demand Uncertainty7/1007, 08, 13Structuring flexibility against demand that may not materialise: take-or-pay levels, ramp profiles, flex bands, and the cost of each band to the seller.
15Support Mechanisms & Revenue Scenarios7/1005, 08, 14Support mechanism mechanics and the construction of revenue scenarios, including subsidy delay, reduction and withdrawal cases.
16Project Bankability & Contract Alignment8/1007, 14, 15Aligning contract terms to lender requirements: tenor matching, credit support, conditions precedent, and maintaining the bankability gap list.
17Project Finance & Capital Structure8/1004, 15, 16Sizing debt and equity, gearing, cover ratios, construction funding, cost of capital, and turning the contract set into investment case numbers.
18Joint Ventures & Development Agreements9/1016, 17Development stage structuring between parties: stage gates, cost sharing, reserved matters, default, exit and deadlock resolution.
EStress and decision
19Project Delay, Counterparty & Policy Stress9/1009, 14, 17, 18Stress testing delay, counterparty failure and policy reversal together, and setting the trigger levels at which a position is renegotiated or deferred.
20Commercialisation Simulation10/1014, 16, 17, 19Running a full commercialisation decision end to end and defending proceed, renegotiate, defer or reject against challenge.

Every course states the capability it owns. The brochure carries the same table plus the chapter list behind each course, which is the quickest way to find the course that teaches the thing you cannot currently do.

Crash course

The whole desk end to end, in one programme

The twenty courses take one capability at a time, in dependency order, for someone building from the ground up. The Hydrogen Desk Master Programme does the opposite: it runs the whole hydrogen and its derivatives desk front to back in a single sequence, for someone who already works on a desk and wants the shape of the job quickly rather than the long route.

Take whichever matches your starting point. They cover the same ground and several of the numbered courses draw on the same material.

See the hydrogen and its derivatives master programme

Take one course, or the whole pathway

Each course stands alone. Taken in order, the twenty build one desk capability from no prior knowledge.