Hydrogen storage commercialization analysis

To evaluate a commercial partnership proposal, ADI engineered a strategic framework for an underground hydrogen storage cavern asset. The analysis assessed economic trade-offs between alternative progress payment schedules and long-term capital recovery under Section 48E tax credit guidelines, providing clarity on commercial risk boundaries.

Emerging midstream infrastructure operator

An infrastructure operator needed to evaluate the commercial viability and structural risks of a proposed underground hydrogen storage partnership.

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Analyzed IRA Section 48E guidelines to determine how alternative ownership structures impact tax credit eligibility.

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Developed pricing guidance and cash flow models comparing multiple progress payment options to account for the time value of money.

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Evaluated commercial risk exposures and liability boundaries within the proposed framework to recommend protective commercial terms.

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Assessed contractual and commercial mechanisms to protect long-term capital investments.

  • Enabled the client to avoid an unviable partnership structure and protect development capital by identifying critical regulatory compliance barriers.
Client Results
We worked with ADI on research regarding decarbonization pathways for ammonia and hydrogen compression OEMs. They provide the supply-demand dynamics and pricing forecasts needed to understand the growth outlook.
Meghan Leggett Principal, White Deer

Industry experience

Compact hydrogen generator commercialization strategy

This engagement assessed the commercial viability of a compact hydrogen generator (CHG) by benchmarking it against incumbent large-scale SMR and cryogenic liquid hydrogen supply chains. ADI analyzed the trade-offs between capital recovery and sourcing diversity for refiners to address rising hydroprocessing capacity needs. The client Energy technology R&D organization The situation Uncertainty regarding how small-scale […]

CNG and hydrogen fuel market analysis

ADI Analytics assessed the market and growth potential of compressed natural gas (CNG) and hydrogen as transportation fuels in North and Latin America for a leading compressor manufacturer. The client A leading compressor manufacturer exploring growth opportunities in the CNG and hydrogen transport fuel markets. The situation The client sought to understand trends, market needs, […]

Clean coal hydrogen cost optimization

ADI developed granular process and cost models across coal gasification pathways to understand where hydrogen production costs could be reduced. The work examined gasifier selection, syngas cleanup, CO₂ capture, and integration with power generation to quantify trade‑offs across configurations. Scenarios were ranked to identify pathways suitable for further demonstration rather than incremental optimization. The client […]

Competitive positioning of a hydrogen tech company

ADI Analytics supported a competitive assessment of a hydrogen technology company by identifying key players, validating strategic hypotheses, and conducting primary research across the hydrogen and electrolysis landscape. The client A diversified holding company evaluating the competitive positioning of one of its portfolio companies in hydrogen generation and electrolysis. The situation The client wanted to […]

Global hydrogen demand assessment

ADI leveraged proprietary demand models to project hydrogen consumption across heavy-duty trucking and bus segments in North America, East Asia, and Europe. The study evaluated pump-price parity across regions and the impact of the Inflation Reduction Act (IRA) on green hydrogen adoption over a 10-year period. The client Clean technology provider The situation Ambiguity regarding […]

Hydrogen market assessment and go-to-market strategy

ADI evaluated global hydrogen demand across high-volume refining and ammonia sectors alongside emerging small-volume applications in semiconductors and glass. The study utilized technical benchmarks for SMR and electrolysis to identify segments where on-site reliability and high purity levels (99.9999%+) justify compact reactor adoption over traditional tube trailer delivery. The client Industrial technology provider The situation […]

Hydrogen electrolyzer cost benchmarking and outlook

ADI assessed the cost competitiveness of alkaline, proton exchange membrane (PEM), and solid oxide electrolyzer cell (SOEC) electrolyzers, focusing on the capex variations globally. The work detailed the cost outlook of stack components like bipolar plates and catalyst-coated membranes over a 10-year period. Levelized cost of hydrogen (LCOH) modeling was used to demonstrate variations in […]

Global PEM electrolyzer and GDL market assessment

ADI evaluated the market for carbon paper gas diffusion layers (GDL) within the rapidly expanding PEM electrolyzer supply chain. The research assessed the technical transition from titanium porous transport layers and modeled the impact of rising current density on future material demand. High and low cases accounted for green hydrogen production targets and announced OEM […]

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