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Worley Completes Strategic Advisory Study for ARENA on Renewable Hydrogen Cost Reduction

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Worley (ASX:WOR) completed a strategic advisory study for the Australian Renewable Energy Agency (ARENA) examining capital cost drivers for the future of renewable hydrogen production and identifying practical opportunities to reduce costs to improve commercial viability, according to a Friday statement.

Worley's Australia-based team, supported by global hydrogen and project delivery expertise, examined 24 independent capital cost-reduction concepts and assessed their combined impact across future development horizons, the filing added.

The company's shares fell 1% in recent Friday trade.

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