Hydrogen Pro Forma
Energy Excel Template (Free Download)
Turn production capacity, utilization, power and feedstock costs, and offtake pricing into a projected hydrogen project output.
professionals from Deloitte
About this pro forma
This pro forma presents projected operating economics and returns for a hydrogen production facility. The underlying Excel model is the engine: electrolyzer or SMR capacity, utilization, electricity and feedstock inputs, hydrogen output, offtake pricing, capex, operating costs, financing, and taxes drive the projected project statements.
Use the output to compare technologies, test power and pricing sensitivity, evaluate LCOH, and assess project cash flow and returns.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Hydrogen Pro Forma
- Projected production capacity, utilization, output, and availability
- Projected electricity, feedstock, water, and operating costs
- Projected offtake volume, hydrogen price, and revenue
- Projected capex, depreciation, EBITDA, EBIT, and net income
- Projected project cash flow, LCOH, IRR, and valuation
- Projected technology, utilization, pricing, and cost sensitivity outputs
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does a hydrogen pro forma project?+
It projects facility output, operating costs, offtake revenue, capex, LCOH, cash flow, and project returns.
Which technologies can it support?+
The model can compare electrolyzer configurations and SMR economics through editable capacity, efficiency, and cost assumptions.
What drives LCOH?+
Capital cost, utilization, electricity or feedstock cost, operating expense, useful life, and production volume drive projected LCOH.
Who uses this pro forma?+
Hydrogen developers, industrial gas companies, energy investors, engineers, and project financiers use it for screening.
Have more financial modelling questions? Contact us
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