Research Analyst - Hydrogen

  • Wood Mackenzie
  • Hybrid (London, UK)
  • Feb 08, 2024
Full time Research

Job Description

Research Analyst - Hydrogen

  • London, UK
  • Full-time
  • Verisk Business: Wood Mackenzie

Company Description

Wood Mackenzie are the global research, analytics, and consultancy business powering the natural resources industry. For 50 years, we have been providing the quality data, analytics, and insights our customers rely on to inspire their decision making.

Our dedicated oil, gas & LNG, power & renewables, chemicals, metals & mining sector teams are located around the world and deliver a variety of projects based on our assessment and valuation of thousands of individual assets, companies, and economic indicators such as market supply, demand, and price trends.

We have over 1,900 employees in 30 locations, serving customers in nearly 80 countries. Together, we inspire and innovate the markets we serve – providing invaluable intelligence to help our customers overcome the toughest challenges, and make strategic decisions that will, ultimately, accelerate the world’s transition to a more sustainable future.

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Job Description

Role Purpose

Join our Hydrogen team as a Research Analyst - Hydrogen Assets. You will develop financial valuation models, focusing on discounted cash flow models for low-carbon hydrogen projects. Assessing project viability and providing accurate cost, contract, and revenue inputs will be key responsibilities. A strong understanding of pricing structures and financial analysis is required. Collaboration with cross-functional teams is essential for success.

Main Responsibilities

  • Create and maintain discounted cash flow (DCF) models for low-carbon hydrogen projects
  • Analyse evolving project structures, operating models, and configurations, considering integration with upstream assets (e.g., wind farms) and downstream derivatives (e.g., ammonia)
  • Integrate with midstream analyses to provide delivered cost of hydrogen and derivates to demand centres
  • Consider asset emissions profile and its impact on government subsidies, leveraging Wood Mackenzie’s emissions model
  • Engage with project developers and other stakeholders to ensure accuracy and to demonstrate expertise
  • Work with our Centre of Excellence to research fiscal terms, subsidies, taxes, and grants to incorporate into the analysis of the projects
  • Communicate results through asset reports, industry insights, and various channels such as conference calls, webinars, conferences, and client visits
  • Build a strong relationship with industry stakeholders in the hydrogen space. Engage with project developers through frequent conversations on how project structures are evolving, understanding their perspectives, and how that may influence our analysis
  • Enhance data inputs through surveys, interviews, and secondary research to strengthen model accuracy.

Qualifications

Knowledge and Experience

  • Experience of financial modelling of energy assets
  • Demonstrable experience in hydrogen or hydrogen-adjacent industries
  • Strong familiarity with the policy landscape and its importance to the assessment of future low-carbon hydrogen projects
  • Familiar with energy demand, technology adoption, and technology cost modelling
  • Strong analytical and problem-solving capabilities
  • Self-driven. Capable of switching between the roles of an individual contributor and a collaborator
  • Strong communication skills. Comfortable interacting with clients and industry stakeholders
  • An engaging nature, capable of connecting with co-workers, clients, and industry stakeholders in a wide range of professional settings
  • A profound intellectual curiosity about the impact of a broader business landscape

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Additional Information

Wood Mackenzie is a place where we are committed to supporting our people to grow and thrive. We value different perspectives and aspire to create an inclusive environment which encourages diversity and fosters a sense of belonging. 

Wood Mackenzie values everyone’s contribution and helps them reach their full potential while sustaining an organisational culture of health and well-being.

Our core values are:

  • Inclusive – we succeed together
  • Trusting – we choose to trust each other
  • Customer committed – we put customers at the heart of our decisions
  • Future Focused – we accelerate change
  • Curious – we turn knowledge into action

We understand the importance of bringing your whole self to work and to achieving balance between work, family and other life commitments.  We are open to considering flexible working arrangements to enable the greatest spectrum of talent to contribute to Wood Mackenzie's success.

Hear what our team has to say about working with us: https://www.woodmac.com/careers/our-people/

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