Drake Hernandez

Associate Principal
Drake Hernandez | Energy | Charles River Associates

Drake Hernandez leads CRA’s hydrogen and low-carbon fuels offering within the Energy Practice.

Mr. Hernandez advises global clients as they develop strategies and evaluate investments within the hydrogen and low-carbon fuels sectors. His work is focused on techno-commercial diligence for low-carbon fuels projects to help clients value projects and assess off-take agreements as projects come together. He has been engaged by corporations and investors on matters pertaining to project commercialization, strategic and techno-economic due diligence, and regulatory issues.

His dispute resolution experience spans assessment of liability and quantum of damages in commercial litigation and international arbitration matters related to energy projects and infrastructure. Drake has significant experience in disputes in the natural gas, electric power, LNG, and oil sectors.

Prior to his current role, Mr. Hernandez was a graduate research assistant at the MIT Energy Initiative (MITEI). He was a co-author of the MITEI Future of Storage study and the architect of the hydrogen production techno-economic analysis (TEA) module of the Sustainable Energy Systems Modeling Analysis Environment (SESAME). His thesis focused on modeling hydrogen network dynamics and assessing federal regulatory frameworks for the development of interstate hydrogen transmission infrastructure within the United States.

His work has been published in Applied Energy, the Energy Law Journal, Utility Dive, and other commercial and academic journals. He regularly speaks both domestically and internationally on matters related to the regulation of hydrogen infrastructure, hydrogen market development, and energy system planning.

Mr. Hernandez holds an MS in Technology and Policy, with a focus on energy economics and finance, from the Massachusetts Institute of Technology and a BS in Mechanical Engineering, with a focus on operations research and economics, from the University of Texas at Austin.

Selected engagements

  • 01
    Developing North American hydrogen market entry strategy for major international renewable and hydrogen developer
    Situation: A major international renewable and hydrogen developer were seeking support in developing a North American hydrogen market entry strategy. A team of...
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  • 02
    Low-carbon fuel market analysis and modeling project economics for major international energy infrastructure company
    Situation: A major international energy infrastructure company was looking to chart an investment strategy regarding low-carbon fuels projects and needed...
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  • 03
    Hydrogen capital plan development
    Situation: Major oil and gas company was addressing hydrogen projects opportunistically rather than systematically. A team of CRA Energy consultants were...
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