Vast Solar and Mabanaft successfully secured AUD $40 million funding for the development of the CSP-powered solar methanol plant, SM1

Vast Renewables Limited, a company specializing in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, announced funding agreements of up to ~AUD $40 million for its solar methanol plant, SM1, in partnership with Mabanaft. The funding, including support from Australian and German governments, aims to advance green …