Worley advises ARENA on renewable hydrogen capital-cost reduction
- Study examined 24 independent capital cost‑reduction concepts.
- Commissioned by ARENA and delivered by an Australia‑based Worley team with global hydrogen and project delivery expertise.
- Study replaces high‑level learning‑rate forecasts with specific, actionable cost levers and their interactions.
- Delivered an executive‑ready analysis and practical capex model that has informed ARENA executive discussions and planning.
Scope and purpose
Worley completed a strategic advisory study for the Australian Renewable Energy Agency (ARENA) to provide executive‑ready insight for strategic planning and decision‑making on renewable hydrogen development. The study focuses on capital cost drivers and practical opportunities to reduce costs over time to support improved commercial viability.
Approach
Rather than relying on high‑level learning‑rate assumptions, the study breaks capital costs into specific, actionable levers and models how those levers interact. Worley’s Australia‑based team, supported by global hydrogen and project delivery expertise, assessed 24 independent capital cost‑reduction concepts and their combined impact across development horizons.
Deliverables and impact
The work emphasised transparency to enable decision‑makers to see where individual levers have the greatest effect. It produced an executive‑ready analysis and a practical capex model that has already supported executive‑level discussions within ARENA and contributed to broader planning, with the aim of translating ambition into commercially viable renewable hydrogen projects.
Source: Worley
